Onex Makes a Vegas Bet

July 2009
Mergers & Acquisitions Report;7/13/2009, Vol. 22 Issue 28, p21
This article reports on the decision of Onex Corp. to buy the majority equity stake in the Tropicana Las Vegas Hotel and Casino in Nevada. Onex made the decision as the resort property looks to emerge from bankruptcy. Secured debt holders will get 100 percent of the equity in the resort property. It examines the impact of the economic downturn on the Las Vegas property.


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