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SPORTS
March 2, 1993 | From Staff and Wire Reports
Former Philadelphia Eagle owner Leonard H. Tose earned a reputation as "the highest" high-roller at an Atlantic City gaming hall, a casino executive testified in Camden, N.J. The disclosure came as a civil lawsuit filed by Tose against the Sands Hotel Casino entered its third week. Tose contends he lost millions at the blackjack table because he was plied with free drinks and allowed to gamble while drunk. Tose lost $14.6 million between 1981 and 1986, according to court records.
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BUSINESS
July 29, 2000 | Associated Press
Carl Icahn has beaten out Park Place Entertainment Corp. for control of the bankrupt Sands Hotel & Casino. U.S. Bankruptcy Court Judge Judith Wizmur, in an 80-page opinion, favored Icahn's plan to invest $65 million in cash in the struggling casino, which filed for protection under Chapter 11 in January 1998. The casino's unsecured creditors, which are 1,500 vendors, voted in favor of the Icahn plan. The decision is subject to approval by the Nevada Casino Control Commission.
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SPORTS
March 6, 1993 | From Staff and Wire Reports
Leonard H. Tose, former owner of the Philadelphia Eagles, suffered a partial defeat when a Camden, N.J., jury rejected part of his claim that an Atlantic City casino plied him with free drinks and caused him to lose millions of dollars. Tose was not "visibly and obviously intoxicated" when he lost $199,000 at the Sands Hotel Casino on four occasions between June of 1985 and March of 1986, the jury concluded.
BUSINESS
May 17, 1996 | Times Staff and Wire Reports
World's Biggest Hotel to Be Built on Sands Site: Sheldon Adelson, founder of the Comdex computer trade show, said he plans to tear down his aging Sands hotel and casino in Las Vegas and fire its 1,200 employees to make way for a new $1.5-billion complex that will include the largest hotel in the world. Adelson, who sold his trade show business for $800 million to Japan's Softbank Corp. last year, said he plans to raise the money for the project by selling debt and taking out bank loans.
BUSINESS
November 21, 1995 | Times Staff and Wire Reports
Plans Underway to Make Sands Largest Resort: Plans are underway to expand the Sands Hotel into the world's largest resort project with two 3,000-unit hotel-casinos on the Strip, Las Vegas Sands Inc. announced. The project will include a shopping center and entertainment and convention facilities, and will be located on 60 acres of Sands property. No other details or artist's renderings will be available for a few months, Sands Hotel Chief Executive Arthur Waltzman said.
BUSINESS
July 29, 2000 | Associated Press
Carl Icahn has beaten out Park Place Entertainment Corp. for control of the bankrupt Sands Hotel & Casino. U.S. Bankruptcy Court Judge Judith Wizmur, in an 80-page opinion, favored Icahn's plan to invest $65 million in cash in the struggling casino, which filed for protection under Chapter 11 in January 1998. The casino's unsecured creditors, which are 1,500 vendors, voted in favor of the Icahn plan. The decision is subject to approval by the Nevada Casino Control Commission.
BUSINESS
May 17, 1996 | Times Staff and Wire Reports
World's Biggest Hotel to Be Built on Sands Site: Sheldon Adelson, founder of the Comdex computer trade show, said he plans to tear down his aging Sands hotel and casino in Las Vegas and fire its 1,200 employees to make way for a new $1.5-billion complex that will include the largest hotel in the world. Adelson, who sold his trade show business for $800 million to Japan's Softbank Corp. last year, said he plans to raise the money for the project by selling debt and taking out bank loans.
BUSINESS
April 26, 1988 | KATHRYN HARRIS, Times Staff Writer
Less than three months after gaining control of the Sands hotel-casino in Las Vegas, financier Kirk Kerkorian has agreed to sell it for $110 million to a trade-show producer who often brings conventions to the Nevada resort city. The buyer is Interface Group, headed by Sheldon Adelson, which has produced the giant Comdex computer trade show in Las Vegas for several years, among dozens of other shows staged annually around the world.
BUSINESS
November 30, 2005 | From Associated Press
Harrah's Entertainment Inc. said it would sell the Flamingo hotel-casino in Laughlin, Nev., to American Real Estate Partners, which owns the Stratosphere hotel-casino in Las Vegas and the Sands hotel-casino in Atlantic City, N.J. American will also acquire 7.7 acres of undeveloped Atlantic City land in the $170-million cash deal.
NEWS
April 25, 1988 | Associated Press
The Massachusetts-based Interface Group announced today it has purchased the Sands Hotel and Casino, a 36-year fixture on the Las Vegas Strip, for $110 million. Interface, which produces computer company shows and owns New England's biggest travel agency, purchased the property from MGM Grand Inc.
BUSINESS
November 21, 1995 | Times Staff and Wire Reports
Plans Underway to Make Sands Largest Resort: Plans are underway to expand the Sands Hotel into the world's largest resort project with two 3,000-unit hotel-casinos on the Strip, Las Vegas Sands Inc. announced. The project will include a shopping center and entertainment and convention facilities, and will be located on 60 acres of Sands property. No other details or artist's renderings will be available for a few months, Sands Hotel Chief Executive Arthur Waltzman said.
SPORTS
March 6, 1993 | From Staff and Wire Reports
Leonard H. Tose, former owner of the Philadelphia Eagles, suffered a partial defeat when a Camden, N.J., jury rejected part of his claim that an Atlantic City casino plied him with free drinks and caused him to lose millions of dollars. Tose was not "visibly and obviously intoxicated" when he lost $199,000 at the Sands Hotel Casino on four occasions between June of 1985 and March of 1986, the jury concluded.
SPORTS
March 2, 1993 | From Staff and Wire Reports
Former Philadelphia Eagle owner Leonard H. Tose earned a reputation as "the highest" high-roller at an Atlantic City gaming hall, a casino executive testified in Camden, N.J. The disclosure came as a civil lawsuit filed by Tose against the Sands Hotel Casino entered its third week. Tose contends he lost millions at the blackjack table because he was plied with free drinks and allowed to gamble while drunk. Tose lost $14.6 million between 1981 and 1986, according to court records.
BUSINESS
April 26, 1988 | KATHRYN HARRIS, Times Staff Writer
Less than three months after gaining control of the Sands hotel-casino in Las Vegas, financier Kirk Kerkorian has agreed to sell it for $110 million to a trade-show producer who often brings conventions to the Nevada resort city. The buyer is Interface Group, headed by Sheldon Adelson, which has produced the giant Comdex computer trade show in Las Vegas for several years, among dozens of other shows staged annually around the world.
NEWS
July 29, 2000 | From Associated Press
Carl Icahn has beaten out Park Place Entertainment Corp. for control of the bankrupt Sands Hotel & Casino. U.S. Bankruptcy Court Judge Judith Wizmur, in an 80-page opinion, favored Icahn's plan to invest $65 million in cash in the struggling casino, which filed for protection under Chapter 11 in January 1998. The casino's unsecured creditors, which are 1,500 vendors, voted in favor of the Icahn plan. The decision is subject to approval by the Nevada Casino Control Commission.
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