The deal is expected to close February 12
Stratosphere parent company sale approved
2008-01-27
Reading time 23 seg
American Casino is the parent company of both Arizona Charlie’s casinos and the Aquarius in Laughlin. The gaming company will continue day-to-day operations under current Chief Executive Officer and President Richard Brown, who has held the position for eight years, and the property managers already in place.
Jonathan Langer, a Goldman Sachs managing partner working with the Whitehall fund, told commissioners the firm plans to use American Casino as a platform to make other gaming acquisitions in Nevada. Whitehall holds a 40 percent share in the Las Vegas Hilton. The deal is expected to close February 12.
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