February 23, 1990 |
Boxing promoter Don King, slapped with a lawsuit Wednesday by heavyweight champion Buster Douglas and the Mirage Hotel, responded in kind Thursday. King, in a suit filed in U.S. District Court in New York against Douglas and the Mirage, seeks several million dollars in damages and an injunction to prevent Douglas from fighting anyone without King as promoter.
April 3, 1985 |
Golden Nugget Inc., the hotel and casino operator, said today that it is seeking to acquire Hilton Hotels Corp. in a deal worth an estimated $1.95 billion. In separate announcements, Las Vegas-based Golden Nugget said it will make the takeover bid and Barron Hilton, chairman of Beverly Hills-based Hilton Hotels, rejected the proposal as inadequate. Golden Nugget said it is initially seeking to buy 6.78 million shares of Hilton stock from the estate of Conrad N.
May 31, 1985 |
Stephen A. Wynn, chief executive of Golden Nugget Inc., told stockholders Thursday that, despite past reverses, his company has not given up its interest in acquiring a controlling block of Hilton Hotels Corp. stock. Wynn told the meeting in the ballroom of its hotel-casino here that "we have an abiding, ongoing interest in that block of stock." However, he noted that there is little Golden Nugget can do until the Los Angeles County Superior Court makes some decisions about the 27.
April 25, 1990 |
In the fall of 1984, MCA Inc. was caught in the swirls and eddies of a stock market that sent share prices zooming at the slightest hint of a hostile takeover bid--or dealt them a punishing blow as soon as an apparent threat had passed. MCA stock had shot up 34% that summer as word circulated that Golden Nugget Inc., a Las Vegas gaming concern, owned just under 5% of the entertainment giant and might be poised for a takeover attempt with backing from Drexel Burnham Lambert.
May 24, 1988 |
When Steve Wynn first visited here in 1952, sharing his father's dream of a flashy bingo parlor on a patch of desert called the Strip, $5 million could have bought the clump of casinos that captivated the 10-year-old. Today, Wynn is spending more than a hundred times that amount on a desert paradise that staggers even his immense imagination--a new Golden Nugget Hotel & Casino on the Las Vegas Strip.
April 4, 1985 |
Golden Nugget Inc., which operates hotels and casinos in Las Vegas and Atlantic City, N.J., made a bid Wednesday to buy about one-fourth of Hilton Hotels Corp. and said it may try to take over the Beverly Hills-based company in a transaction that could be worth as much as $1.8 billion. In a letter to James E. Bates, executor of the estate of Hilton Hotels founder Conrad N. Hilton, Golden Nugget offered to buy up to 6.78 million shares, or 27.