Archon Corporation

Archon Corporation is an entertainment company based in Laughlin, Nevada. The company has owned casinos and water parks. Members of board of directors include State Senator Sue Lowden who was chairwoman of the Nevada Republican Party and State Senator Bill Raggio.[1] Lowden is also executive vice president, secretary and treasurer for the company.[2]

Archon Corporation
FormerlyHacienda Resorts, Inc.
Santa Fe Corporation
Sahara Gaming Corporation
Santa Fe Gaming Corporation
TypePublic
OTC Pink No Information: ARHN
IndustryGaming
Founded1983
HeadquartersLaughlin, Nevada,
United States
Key people
Paul W. Lowden (CEO)

History

Hacienda Resorts

The company began in 1983 as Hacienda Resorts, Inc., owner of the Hacienda Casino.[3]

Name Changes

The company was first renamed Santa Fe Corporation and later renamed again to the Sahara Gaming Corporation.[1] Sahara Gaming attempted to sell 40 acres (16 ha) of land to Players International in 1994. The deal fell through on February 7, 1995.[4]

Santa Fe Gaming

In 1995, the Hacienda was sold to Circus Circus Enterprises and the Sahara Hotel and Casino was sold to William Bennett. Followed by a rename to Santa Fe Gaming Corporation.[5]

In 2000, the Santa Fe Casino was sold to Station Casinos.[1]

Archon

The company changed its name to Archon Corp. in May 2001.[6]

In March 2013, Boston-based private equity firm Esplanade Capital, Archon's second-largest shareholder, offered to buy the company for $101.5 million. Lowden dismissed the proposal as "not really a serious" offer.[7]

Chris Lowden, son of Paul and Sue Lowden, is currently being sued by investors for fraud and racketeering within the Stoney's Rockin' Country organization.[8] The Stoney's trademark is currently owned by Archon Corporation [9]

Assets

Former

References
  1. Stutz, Howard (2007-09-04). "Investors group sues Archon over stock redemption price". Las Vegas Review-Journal. Stephens Media Group. p. 1D. Archived from the original on 30 September 2007. Retrieved 2007-09-04.
  2. Steve Tetreault (2009-02-25). "Reid swings at bonus paid to Lowden's husband during company downturn". Las Vegas Review-Journal.
  3. Cohen, M.; Thomas Wiloch (2003). International Directory of Company Histories, Volume 74.
  4. "Players Terminates Agreement With Sahara Gaming Corporation" (Press release). Players International. 1995-02-27. Retrieved 2008-11-19.
  5. "Fourth Supplemental Indenture". 1998-11-30. Retrieved 19 November 2008.
  6. "Santa Fe Gaming, PDS get new names". Las Vegas Sun. May 14, 2001. Retrieved 2018-03-05.
  7. Howard Stutz (April 15, 2013). "Investment firm makes offer for Laughlin casino operator Archon Corp". Las Vegas Review-Journal. Retrieved 2013-04-15.
  8. "Jakub P. Medrala of Donath & Medrala, PLLC, and Telia U. Williams of Telia Law File a Shareholder Derivative Lawsuit Against the Top Brass of the World Famous Stoney's Rockin' Country | Donath & Medrala Law Firm Blog". www.domelaw.com. Retrieved 2016-06-22.
  9. "STONEY'S ROCKIN' COUNTRY Trademark of Archon Corporation - Registration Number 4687316 - Serial Number 86229386 :: Justia Trademarks". trademarks.justia.com. Retrieved 2016-06-22.
  10. Denevan, Jennifer. "Pioneer sold, new owner to take over May 1". Mojave Valley Daily News. Retrieved 2018-06-30.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.