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morongo casino usaOver the years, the company has expanded to China, Europe, and the US, and now manages more than 23,000 properties around the world.OYO’s Vegas deal jibes with previously announced US expansion plans. 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. 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. s foray into the largest US gaming destination with the purchase of Hooters Las Vegas, which was announced today. President Donald Trump’s tweets on Friday sent US stock markets into a tailspin. 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.cashman casino youtube