casino near me henderson nvOYO, the Indian hotel giant, is buying the Hooters Las Vegas and re-branding the property. Hooters Casino Hotel Last Vegas, the gaming venue fashioned after the sports bar chain known for its scantily clad waitresses, is in its last days, as an Indian buyer is promising to re-brand the Sin City property by the end of this year. Over the years, the company has expanded to China, Europe, and theoxford casino new hampshire US, and now manages more than 23,000 properties around the world.OYO’s Vegas deal jibes with previously announced US expansion plans. casino video poker games for saleEarlier this month, it was reported that the Hard Rock Hotel & Casino will close for eight months next year as it transitions to the Virgin Hotel Las Vegas.Deep PocketsFounded in 2013 by 19-year-old Ritesh Agarwal, OYO initially focused on its home market of India, where it’s now the biggest hospitality company in Asia’s third-largest economy. But it is widely expected that gaming real estate activity on the Strip will heat up.Earlier this year, private equity company Blackstone was said to be looking for a buyer for oxford casino new hampshirethe Cosmopolitan, and more recently, speculation has swirled that Eldorado Resorts could sell a Caesars Strip asset when the .3 billion takeover of that company is completed in the first half of 2020. The Indian company isn’t running afoul of Silver State regulators because Paragon Gaming, the license holder for Hooters, will maintain that license through OYO’s purchase of the venue, said the oxford casino new hampshireNevada Gaming Commission (NGC) to Casino.org.Paragon is familiar to the NGC, as the company manages gaming operations at the Westgate in Las Vegas as well as the Hard Rock in Lake Tahoe. seminole casino phone number

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pechanga casino square footageWhen completed, the new OYO Hotel & Casino will have 657 guestrooms across 19 floors and a 35,000-square foot gaming area. Prior to news of the Hooters acquisition, OYO had 112 hotels in 60 US cities in 21 states.Classified as a startup, OYO is valued at billion after raising .7 billion through 12 funding rounds, and has attracted investments from some of the venture capital world’s marquee names, including Lightspeed Venture Partners, Greenoaks Capital, and Softbank’s Softbank Vision Fund.Softbank of Japan, one of the world’s largest venture capital firms, is known for early investments in companies such as Alibaba, Slack, and Uber, among others. The Indian company isn’t running afoul of Silver State regulators because Paragon Gaming, the license holder for Hooters, will maintain that license through OYO’s purchase of the venue, said the oxford casino new hampshireNevada Gaming Commission (NGC) to Casino.org.Paragon is familiar to the NGC, as the company manages gaming operations at the Westgate in Las Vegas as well as the Hard Rock in Lake Tahoe. 9 casino road glen forrestWhen completed, the new OYO Hotel & Casino will have 657 guestrooms across 19 floors and a 35,000-square foot gaming area. We can’t wait to welcome you to our first hotel in Las Vegas,” said OYO Hotels & Homes USA COO Abhinav Sinha in a statement.The conversion to a property called the OYO Hotel & Casino from the Hooters Casino Hotel is expected to be finalized before the end of this year.OYO will renovate the property with a real estate investment trust (REIT) called Highgate. Financial terms of the deal weren’t disclosed by the companies, but sources involved with the deal believe India-based OYO paid 5 million for the Nevada property.It’s not everyday that international buyers hit Las Vegas, and there could be regulatory issues associated with such moves, particularly when the buyer, like OYO, hasn’t previously been active in Nevada. casino blackjack felt

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hard rock casino zephyrhills fl(Image: The Points Guy)OYO Hotels, one of the world’s fastest-growing hotel chains, is making its foray into the largest US gaming destination with the purchase of Hooters Las Vegas, which was announced today. The Indian company isn’t running afoul of Silver State regulators because Paragon Gaming, the license holder for Hooters, will maintain that license through OYO’s purchase of the venue, said the oxford casino new hampshireNevada Gaming Commission (NGC) to Casino.org.Paragon is familiar to the NGC, as the company manages gaming operations at the Westgate in Las Vegas as well as the Hard Rock in Lake Tahoe. Earlier this month, it was reported that the Hard Rock Hotel & Casino will close for eight months next year as it transitions to the Virgin Hotel Las Vegas.Deep PocketsFounded in 2013 by 19-year-old Ritesh Agarwal, OYO initially focused on its home market of India, where it’s now the biggest hospitality company in Asia’s third-largest economy. Over the years, the company has expanded to China, Europe, and theoxford casino new hampshire US, and now manages more than 23,000 properties around the world.OYO’s Vegas deal jibes with previously announced US expansion plans. As Casino.org reported last month, MGM Resorts is considering sales of the Bellagio and MGM Grand to generate more cash from its real estate portfolio.The Vision Fund, where the OYO stake resides, also has investments in WeWork, food delivery provider DoorDash, and dog walking service Wag.The Japanese company has some ties to Las Vegas, having purchased the Comdex trade show from Las Vegas Sands Chairman and CEO Sheldon Adelson in 1995 for 0 million, and through recent expansions into commercial office space in the city by WeWork.More Deals?When asked by Casino.org, representatives from OYO did not confirm or deny the company’s interest in other Las Vegas acquisitions. encore casino security