Park Place Entertainment announced on July 11 that it had agreed to sell the Las Vegas Hilton to Edroski Jr. for $365 million. The deal is expected to be completed by the end of the year and will need to be approved for regulation.
"The sale of the Las Vegas Hilton allows Park Place to strengthen its high-end gaming business at the legendary Caesars Palace," said Arthur Goldberg, president of Park Place Entertainment. "We can now focus 100% of our efforts in Las Vegas on our four properties in the heart of Las Vegas Street, and at the same time feel at ease knowing that this asset will fall into the hands of a successful and responsible entrepreneur like Ed Rosky."
Roskey, president and CEO of Majestic Realty and co-owner of the Los Angeles Lakers basketball team and the Los Angeles Kings hockey team, plans to focus on several locations at the Las Vegas Hilton once the sale is complete. This includes improving the number, diversity and quality of dining, entertainment and retail services, transforming casinos and public spaces into modern experiences with more slot machines and remodeling more than 1,000 hotel rooms.
"We are very pleased to be able to bring about our commitment
And here's the idea for one of the most identifiable properties in Las Vegas," said Rosky. He will continue his relationship with the internationally recognized brand with Hilton. 바카라사이트
No hotel closures are planned and employees can expect to stay in the casino resort. In addition, the sale is not expected to affect plans to extend the Balice-MGM Grand Monorail to the Las Vegas Hilton.
Park Place Entertainment owns and operates Valley Hotels & Casino, Flamingo Hilton, Caesars Palace, and the recently opened Paris Hotels & Casino in Las Vegas, as well as 28 gaming facilities worldwide.
