TITLE

Buyout paves way for new LV player

PUB. DATE
July 2008
SOURCE
Las Vegas Business Press (10712186);7/21/2008, Vol. 25 Issue 29, pP26
SOURCE TYPE
Periodical
DOC. TYPE
Editorial
ABSTRACT
The author reflects on the impact of the failed private equity buyout of Penn National. He notes that the soft gambling revenue and low visitation rates were indicators of the down market for Las Vegas, Nevada. He cites that the deal with Penn National collapsed because of the difficulty in borrowing money for funding the buyout. The author infers that the Las Vegas economy will soon recover and that Penn National will be part of the city's future success.
ACCESSION #
33908475

 

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