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Resorts International Holdings
From Wikipedia - Reading time: 3 min
| Company type | Public |
|---|---|
| Industry | Gambling, Hotels, Entertainment |
| Founded | 2000 |
| Defunct | 2014 |
| Headquarters | , |
| Products | Casinos, Hotels |
| Owner | Colony NorthStar |
Resorts International Holdings, LLC (RIH), also known as Colony Resorts Holdings (CRH) was an affiliate of Colony NorthStar based in Las Vegas, Nevada. As of 2005, they were the fifth largest gaming company in America under Nick Ribis.[1]
RIH was created by Colony Capital (now known as Colony NorthStar) in 2000 after it purchased Resorts Atlantic City from Sun International for $144 million and continued to grow its portfolio through the acquisition of properties that were in decline.[1] Further acquisitions in partnership with Colony included the Las Vegas Hilton, Bally's Tunica, Resorts Casino Tunica, Ameristar Casino East Chicago and Atlantic City Hilton.[2]
After selling Resorts East Chicago to Ameristar and losing Resorts Atlantic City in bankruptcy, RIH was in decline.[3] It lost its last casino, the Atlantic Club Casino in bankruptcy in 2014.[4]
References
[edit]- ^ a b Tully, Shawn (13 June 2005). "MEET THE CHEAPEST CASINO KING IN VEGAS - June 13, 2005,". money.cnn.com. Retrieved 2 August 2021.
- ^ "Resorts International Holdings Inc. Names Roger P. Wagner as Chief Operating Officer". Business Wire. 6 July 2005. Archived from the original on 26 September 2007. Retrieved 2 August 2021.
- ^ Wittkowski, Donald. "Lenders and Resorts Atlantic City agree to takeover deal". Press of Atlantic City. Retrieved 2 August 2021.
- ^ Bogdan, Jennifer. "Atlantic Club Casino files for bankruptcy protection". Press of Atlantic City. Retrieved 2 August 2021.
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