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Pioneer Hotel & Gambling Hall in Laughlin, Nevada for Approximately $36.0 million |
Paul Lowden, Chairman of the Board and Chief Executive Officer of Archon stated: "We are excited about this asset acquisition, and we will continue our efforts to provide an entertaining experience to our Pioneer customers." In addition, Archon ceased operating Duke's Casino in Sparks, Nevada that was operated through one of its subsidiaries. All of the furniture, fixtures, gaming and non-gaming equipment and inventories have been transferred to the Pioneer. This press release contains certain "forward looking" information as that terms is defined within the meaning of Section 27A of Securities Act of 1933, Section 21E of Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. |
Contact:
Archon Corp 3993 Howard Hughes Pkwy, Suite 630 Las Vegas, NV 89109 Phone: (702) 732-9120 |