It also has holdings in Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi and New Jersey. The deal is Boyd’s first in North Las Vegas and its 10th in the Southern Nevada market. The $1 billion project is expected to bring 4,500 direct jobs and 9,000 indirect jobs to the region. One of those projects, Faraday Future’s electric car manufacturing plant, broke ground in April. Smith said Aliante has a “compelling” long-term potential with North Las Vegas’ expanding residential and industrial projects. Today, things could be shaping up for the region and for Aliante’s restaurant and gaming offerings. The $660 million venture ended up in the hands of its lenders, who were owed more than $375 million, after Aliante’s Chapter 11 bankruptcy case was settled in 2012. Like many businesses during that time, Aliante struggled and defaulted on many of its credit obligations. The 200-room Aliante was launched in 2008 at the height of the Great Recession as a joint venture between Station Casinos and Greenspun Corp. “Aliante is an asset without rival in the North Las Vegas market, strategically positioned to benefit from substantial future growth across the northern part of the Las Vegas Valley,” said Keith Smith, president and CEO of Boyd Gaming, in a statement. recently entered into an agreement to acquire ALST Casino Holdco LLC - the holding company for the Aliante - in an all-cash deal for $380 million.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |