2024.07.12
seven feathers casino showsHooters 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. OYO, the Indian hotel giant, is buying the Hooters Las Vegas and re-branding the property. 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.ruby slots sign inHooters 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. 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. 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. jamul casino location chumba casino maltasan manuel online casinoThat’s the current size of the Hooters gaming space.The companies didn’t say if the venue would be temporarily shuttered to accommodate renovations. 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. caesar casino free downloadThat’s the current size of the Hooters gaming space.The companies didn’t say if the venue would be temporarily shuttered to accommodate renovations. (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. 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. miami club casino.com golden nugget casino winnerschoctaw casino weather(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 seven feathers casino age requirementNevada 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. US stock markets crashed on Friday after President Donald Trump ordered companies to find alternatives to doing business with China during thThe 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. 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. Over the years, the company has expanded to China, Europe, and theseven feathers casino age requirement US, and now manages more than 23,000 properties around the world.OYO’s Vegas deal jibes with previously announced US expansion plans. luckyland casino games caesar casino and sportsbook |