Boomtown, Inc.

Boomtown, Inc.
IndustryGaming & hospitality
Founded1988; 37 years ago (1988)
DefunctJuly 1, 1997; 27 years ago (1997-07-01)
FateAcquired by Hollywood Park, Inc.
HeadquartersVerdi, Nevada

Boomtown, Inc. was an American gaming company founded in 1988 and was based in Verdi, Nevada and was the headquarters of Boomtown Reno. It was acquired on July 1, 1997, by Hollywood Park, Inc. (now Pinnacle Entertainment) for $188 million.[1]

The company agreed on January 19, 1995, to buy National Gaming for $500 million, to be partly financed by Hospitality Franchise Systems, which had spun off National months earlier.[2] Boomtown cancelled the deal on April 4, 1995, because of shareholder objections.[3]

List of properties

References

  1. ^ Berns, Dave (July 2, 1997). "Hollywood Park completes merger". Las Vegas Review-Journal. Archived from the original on April 4, 2005. Retrieved July 31, 2012.
  2. ^ Hughlett, Mike (January 19, 1995). "Boomtown sounds alarm on Wall St". The Times-Picayune. New Orleans. Retrieved July 31, 2012.  – via NewsBank (subscription required)
  3. ^ Yoshihashi, Pauline (April 4, 1995). "Boomtown cancels accord to acquire National Gaming". Wall Street Journal. Retrieved July 31, 2012.  – via Factiva (subscription required)


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