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Encyclopedia > Aztar
 This article documents a current event.
Information may change rapidly as the event progresses.

Aztar Corporation (NYSE: AZR) is a hospitality company that is focused on resort hotels and casinos. It is currently the subject of a bidding war for ownership of the company. Wikipedia does not have an article with this exact name. ... To suggest a relevant news story for the Main Page, refer to the criteria then add your suggestion at the candidates page. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) , also nicknamed the Big Board, is by far the largest stock exchange in the world (by dollar volume) and second largest by number of listings. ... Resorts combine a hotel and a variety of recreations, such as swimming pools A resort is a place used for relaxation or recreation. ... A hotel is an establishment that provides paid lodging, usually on a short-term basis and especially for tourists. ... The Trump Taj Mahal in Atlantic City, New Jersey. ...


The Tropicana Resort & Casino, coupled with its sister location in Atlantic City, New Jersey contributes to 70% of Aztar revenues. The remainder comes from Aztar's smaller casinos in Laughlin, Nevada; Caruthersville, Missouri; and Evansville, Indiana. Opened in 1957, the Tropicana Resort & Casino is one of the oldest hotel/casinos on the Las Vegas Strip in Las Vegas, Nevada. ... Motto: Nickname: Map Map of Atlantic City in Atlantic County Political Statistics Founded Sister Cities {{{sister cities}}} Incorporated March 1854 County Atlantic County Borough {{{borough}}} Parrish {{{parrish}}} Mayor Bob Levy Geographic Statistics Area  - Total  - Water 44. ... Laughlin is a census-designated place located in Clark County, Nevada. ... Caruthersville is a city located in Pemiscot County, Missouri. ... For other places named Evansville see Evansville (disambiguation). ...


On March 13, 2006, Aztar announced plans to be acquired by Pinnacle Entertainment for $2.1 billion. Subsequent bids were made by Colony Capital, LLC, Columbia Sussex and Ameristar Casinos. As of April 26, 2006, all four companies were engaged in bidding over Aztar, with Pinnacle increased its bid to $45 per share, matching Ameristar's bid; Columbia Sussex had previously bid $47 per share. [1] March 13 is the 72nd day of the year in the Gregorian calendar (73rd in leap years). ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... Great White Games is a publisher of role-playing games owned and operated by Shane Lacey Hensley. ... Colony Capital, LLC is a private, international investment firm based in Los Angeles, California, California. ... Columbia Sussex is a private hospitality company based in Fort Mitchell, Kentucky. ... Ameristar Casinos (NASDAQ: ASCA) is a Las Vegas, Nevada based casino operator. ... April 26 is the 116th day of the year in the Gregorian Calendar (117th in leap years). ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ...


History

In 1989 Ramada Inns, Inc. split its businesses, selling the hotel/restaurants to Hong Kong based New World Development Company for $540 million. The casinos including the Tropicana Atlantic City and the Tropicana Las Vegas were spun off into a new publicly traded company called Aztar Corporation. 1989 (MCMLXXXIX) was a common year starting on Sunday of the Gregorian calendar. ... From top to bottom: Original Ramada Inn logo, Ramada Worldwide (Cendant) logo, current 2005 logo, and Ramada International logo. ... The Tropicana Casino Resort is a casino and hotel located at Brighton Avenue and the Boardwalk in Atlantic City, New Jersey. ... Opened in 1957, the Tropicana Resort & Casino is one of the oldest hotel/casinos on the Las Vegas Strip in Las Vegas, Nevada. ...


On March 5, 2002 Aztar acquired full ownership of the 34 acre Tropicana location in Las Vegas by purchasing the 50% share held by Chicago's Jaffe family. March 5 is the 64th day of the year in the Gregorian Calendar (65th in leap years). ... For the Cusco album, see 2002 (album). ...


Casinos


  Results from FactBites:
 
TheStreet.com: Aztar Gets Dibs on Hot Property and Stock Jumps (504 words)
Aztar already owns 50% of the land and 50% of the hotel on the 34-acre parcel, which is located at the southeast corner of Tropicana Avenue and the Strip, across from the MGM Grand.
Aztar, which is already struggling under a heavy debt load, also said it had hired Goldman Sachs to help it find a joint venture partner to redevelop the property.
The analyst also noted that Aztar's total equity market capitalization is now about $415 million, and the company has another $560 million in debt.
Las Vegas SUN: Tropicana looking at LV options to expand (657 words)
Aztar Corp. is a 50-50 partner with the Jaffe family of Chicago, a family-controlled investment firm, in Tropicana Enterprises.
Aztar emphasized in a statement this morning that "current operations are to be continued indefinitely" at the 45-year-old hotel-casino.
Aztar said it expects earnings to be boosted by 8 cents per share in the first year after the buyout.
  More results at FactBites »


 

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