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Planet Hollywood co-founder to buy Aladdin casino
kvvutv.com ^

Posted on 06/22/2003 10:29:19 AM PDT by chance33_98

Planet Hollywood co-founder to buy Aladdin casino

(Las Vegas-AP) -- A federal judge has selected a joint venture involving Planet Hollywood's co-founder and the Starwood hotel chain to buy the bankrupt Aladdin hotel-casino.

The judge's decision ended an 18-month process that included a frenzy of last-minute negotiations between bidders and creditors today during a standing-room only purchasing hearing in U-S Bankruptcy Court.

The Aladdin will be renamed the Planet Hollywood Hotel and Casino.

The Planet Hollywood group intends to assume 510 (M) million dollars in debt and invest 90 (M) million dollars in the property over three years.


TOPICS: Business/Economy; US: Nevada
KEYWORDS: aladdin; planethollywood; starwood

1 posted on 06/22/2003 10:29:19 AM PDT by chance33_98
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To: chance33_98
I hope they improve their food at the casino. Their resterants food SUCKS bigtime and overpriced to boot. Went there 4 years ago in Orlando and while the memoribilia is impressive, the food is just plain bad. I mean the menu. Tofu burgers and veggie pizzas.
2 posted on 06/22/2003 9:13:07 PM PDT by packrat35 (reality is for people who can't face science fiction)
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To: packrat35
So funny, I love the food at Planet Hollywood! I haven't been to the one in Orlando, but have eaten at them in Tahoe, Las Vegas, and San Francisco and just love it! I also like to walk around and see all of the authenic movie memorabilia in each one.
3 posted on 06/22/2003 9:17:04 PM PDT by ladyinred (The left have blood on their hands.)
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To: ladyinred
I'll confess I haven't been back since. But do you eat tofu burgers or veggie pizza?
4 posted on 06/22/2003 9:22:44 PM PDT by packrat35 (reality is for people who can't face science fiction)
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