January 19, 1996 |
In its latest zigzag in corporate direction, Hilton Hotels Corp. announced Thursday that it has abandoned plans to spin off its gambling operations into a separate company as gaming industry profits and growth have faded. The decision to keep the Beverly Hills-based lodging and gaming company intact comes after a series of strategic and executive changes that have angered and confused investors.
December 31, 1994 |
Earthwinds Hilton, the big-thinking balloon that couldn't, didn't on Friday--yet again. The $4-million floating billboard bankrolled by hotel magnate Barron Hilton, dubbed "Earthwhens" by a Reno newspaper, has yet to complete its round-the-world journey over 70 countries in a quest for an aviation first. It has, however, successfully navigated the rocky road from awe to ridicule after four doomed liftoffs and nine cancellations.
November 18, 1994 |
Takeover talk is again riling the stocks of the two biggest casino companies based in Los Angeles. But investors who've played at this table before may sense that the odds of closing a deal soon are no better than even. On Thursday, Hilton Hotels Corp. officially put itself up for sale again, a move that had been rumored all year but that still sparked a buying rush in the stock. Hilton shares rocketed $10 to $67.875 on the NYSE. Meanwhile, Caesars World Inc. shares jumped $1.625 to $43.
September 7, 1994 |
In a market hungry for takeover-stock candidates, Hilton Hotels Corp. is again showing up near the top of the menu. Hilton shares soared $7.875 to $66.625 early Tuesday after USA Today's Dan Dorfman wrote that an unnamed investor group is looking to buy and break up the Beverly Hills-based hotel and casino giant. But after Hilton made the unusual move of officially denying that it is in any deal talks--though it would say no more than that--the stock dropped back to close at $64.
February 9, 1993
Hilton Hotels Corp. on Monday named Raymond C. Avansino Jr. president and chief operating officer in a move that establishes a successor to Chairman Barron Hilton, industry analysts said. In a separate development, Hilton's highly regarded gaming division president, John V. Giovenco, was selected as president and chief operating officer of rival ITT-Sheraton Corp.
June 27, 1991 |
New Jersey gambling regulators, reversing a controversial decision made six years ago, voted Wednesday to allow Hilton Hotels Corp. to own and operate a hotel casino in Atlantic City. By a 5-0 vote, the New Jersey Casino Control Commission said the well-known Beverly Hills-based chain had the integrity and financial stability to hold a gaming license in the seaside resort.
May 11, 1990 |
Hilton Hotels Chairman Barron Hilton said Thursday that his company may again try to open a casino in Atlantic City, N.J., and might even buy back what is now the Trump Castle Hotel & Casino, owned by New York developer Donald J. Trump.