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BUSINESS
May 9, 1994 | From Times Staff and Wire Reports
License Granted for Casino: A consortium made up of Australian construction and engineering group Leighton Properties Ltd. and U.S. casino group Showboat Inc. has won a hotly contested bid for Sydney's first casino license, beating out a consortium of companies associated with Australian financier Kerry Packer and Las Vegas-based casino operator Circus Circus Enterprises Inc. The winning consortium plans to build a casino overlooking Sydney Harbor to start operations in late 1997.
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BUSINESS
December 20, 1997 | (Reuters)
Harrah's Entertainment Inc. has agreed to buy rival casino owner Showboat Inc. for about $1.2 billion in cash and assumed debt in a deal that will make it the world's biggest gaming company. The move will strengthen Harrah's presence in Atlantic City, N.J., where Showboat has a solid position on the popular boardwalk. Las Vegas-based Showboat had long been viewed as a takeover target and the company's stock rose sharply earlier this week on speculation that a deal may be forthcoming.
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BUSINESS
December 20, 1997 | (Reuters)
Harrah's Entertainment Inc. has agreed to buy rival casino owner Showboat Inc. for about $1.2 billion in cash and assumed debt in a deal that will make it the world's biggest gaming company. The move will strengthen Harrah's presence in Atlantic City, N.J., where Showboat has a solid position on the popular boardwalk. Las Vegas-based Showboat had long been viewed as a takeover target and the company's stock rose sharply earlier this week on speculation that a deal may be forthcoming.
BUSINESS
May 9, 1994 | From Times Staff and Wire Reports
License Granted for Casino: A consortium made up of Australian construction and engineering group Leighton Properties Ltd. and U.S. casino group Showboat Inc. has won a hotly contested bid for Sydney's first casino license, beating out a consortium of companies associated with Australian financier Kerry Packer and Las Vegas-based casino operator Circus Circus Enterprises Inc. The winning consortium plans to build a casino overlooking Sydney Harbor to start operations in late 1997.
TRAVEL
November 30, 1997
Star City, a huge $1-billion casino-hotel-entertainment complex with American managers, opened last week in Sydney, Australia. The splashy debut drew singers Diana Ross, Tom Jones and Natalie Cole--and criticism from Sydney's Anglican Archbishop Harry Goodhew, who cited "the personal and social consequences of gambling."
BUSINESS
October 15, 1985 | Associated Press
Resorts International reported Monday that it is in preliminary negotiations for a possible refinancing or the sale of a major asset, prompting speculation by analysts that the company is considering selling its casino hotel here. Company spokesman Phillip Wechsler said there would be no further statement. H. Steven Norton, the company's executive vice president, and Marvin Ashner, casino hotel president, did not return telephone messages left at their offices.
BUSINESS
March 13, 1993 | From Times Wire Services
Stocks and bonds took a drubbing Friday, hit by higher than expected wholesale inflation for February and concern over political problems in Russia. A late bout of buying helped shore up blue chips, but the Dow Jones industrial average still lost 29.18 points to close at 3,427.82. The Dow had been off more than 50 points earlier in the day. In the broader market, declining shares outpaced advances 1,377 to 549 on moderate New York Stock Exchange volume of 244.7 million shares.
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