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- Resorts_International_Holdings abstract "Resorts International Holdings, LLC (RIH), also known as Colony Resorts Holdings (CRH) is an affiliate of Colony Capital, LLC based in Las Vegas, Nevada. RIH was created by Colony Capital in 2000 after it purchased Resorts Atlantic City from Sun International for $144 million. The holding company was created with the goal of snapping up declining casinos for a bargain price and then running them as efficiently and profitably as possible without investing too much capital. In the words of company president Nick Ribis: \"I paid $90,000 per room, and Wynn's rooms cost $1 million! If I charge $130 a night I make tons of money! He has to get over $300!\"In 2001 Resorts International Holdings purchased the Las Vegas Hilton from Park Place Entertainment for $280 million and in 2005 it purchased four more properties from Caesars and Harrah's for a total of $1.24 billion prior to the Harrah's buyout of Caesars. The four properties are: Bally's Tunica, Resorts Casino Tunica, Ameristar Casino East Chicago and Atlantic City Hilton. In April 2007 Resorts International Holdings sold Resorts East Chicago to Ameristar for $675 million realizing a profit on its investment.On December 10, 2009, it was announced that Resort International wasn't able to pay the mortgage for more than a year for the Atlantic City property and made a deal to have the loan canceled and surrender the property to RAC Atlantic City Holdings L.L.C. (which is owned by the lenders, Wells Fargo and others).The company's president is Nick L. Ribis who entered the casino industry in 1980's as Donald Trump's attorney and later his advertising executive. Roger Wagner is its chief operating officer. Wagner served as chief operating officer of Binion's Horseshoe from 1998 to 2004.RIH casino ownership diminished with the default of the mortgages at Resorts Casinos (Tunica and Atlantic City), Bally's Tunica, LVH (previous name Las Vegas Hilton) Casino. It sold Resorts East Chicago to Ameristar. RIH lost its last casino, Atlantic Club Casino in bankruptcy in a Joint-bid with Caesars Entertainment and Tropicana Entertainment, with Caesars taking ownership of the property, it closed in January 2014. Caesars later sold the property to the same hotel developer which also bought Claridge Atlantic City in October 2013 from Caesars.".
- Resorts_International_Holdings wikiPageID "12510266".
- Resorts_International_Holdings wikiPageLength "3369".
- Resorts_International_Holdings wikiPageOutDegree "25".
- Resorts_International_Holdings wikiPageRevisionID "707987286".
- Resorts_International_Holdings wikiPageWikiLink Ameristar_Casino_East_Chicago.
- Resorts_International_Holdings wikiPageWikiLink Ameristar_Casinos.
- Resorts_International_Holdings wikiPageWikiLink Ballys_Casino_Tunica.
- Resorts_International_Holdings wikiPageWikiLink Binions_Gambling_Hall_and_Hotel.
- Resorts_International_Holdings wikiPageWikiLink Caesars_Entertainment,_Inc..
- Resorts_International_Holdings wikiPageWikiLink Caesars_Entertainment_Corporation.
- Resorts_International_Holdings wikiPageWikiLink Category:Gambling_companies_of_the_United_States.
- Resorts_International_Holdings wikiPageWikiLink Category:Holding_companies_of_the_United_States.
- Resorts_International_Holdings wikiPageWikiLink Category:Hospitality_companies_of_the_United_States.
- Resorts_International_Holdings wikiPageWikiLink Category:Privately_held_companies_based_in_the_Las_Vegas_Valley.
- Resorts_International_Holdings wikiPageWikiLink Colony_Capital.
- Resorts_International_Holdings wikiPageWikiLink Las_Vegas_Valley.
- Resorts_International_Holdings wikiPageWikiLink MGM_Resorts_International.
- Resorts_International_Holdings wikiPageWikiLink Nevada.
- Resorts_International_Holdings wikiPageWikiLink Resorts_Casino_Hotel.
- Resorts_International_Holdings wikiPageWikiLink Resorts_Casino_Tunica.
- Resorts_International_Holdings wikiPageWikiLink Sun_International.
- Resorts_International_Holdings wikiPageWikiLink The_Atlantic_Club_Casino_Hotel.
- Resorts_International_Holdings wikiPageWikiLink The_Claridge_Hotel_(Atlantic_City).
- Resorts_International_Holdings wikiPageWikiLink Tropicana_Entertainment.
- Resorts_International_Holdings wikiPageWikiLink Wells_Fargo.
- Resorts_International_Holdings wikiPageWikiLink Westgate_Las_Vegas_Resort_&_Casino.
- Resorts_International_Holdings wikiPageWikiLinkText "Resorts International Holdings".
- Resorts_International_Holdings wikiPageWikiLinkText "Resorts International".
- Resorts_International_Holdings wikiPageUsesTemplate Template:Citation_needed.
- Resorts_International_Holdings wikiPageUsesTemplate Template:Distinguish2.
- Resorts_International_Holdings wikiPageUsesTemplate Template:Reflist.
- Resorts_International_Holdings subject Category:Gambling_companies_of_the_United_States.
- Resorts_International_Holdings subject Category:Holding_companies_of_the_United_States.
- Resorts_International_Holdings subject Category:Hospitality_companies_of_the_United_States.
- Resorts_International_Holdings subject Category:Privately_held_companies_based_in_the_Las_Vegas_Valley.
- Resorts_International_Holdings hypernym Affiliate.
- Resorts_International_Holdings type Company.
- Resorts_International_Holdings type TelevisionStation.
- Resorts_International_Holdings type Company.
- Resorts_International_Holdings type Thing.
- Resorts_International_Holdings comment "Resorts International Holdings, LLC (RIH), also known as Colony Resorts Holdings (CRH) is an affiliate of Colony Capital, LLC based in Las Vegas, Nevada. RIH was created by Colony Capital in 2000 after it purchased Resorts Atlantic City from Sun International for $144 million. The holding company was created with the goal of snapping up declining casinos for a bargain price and then running them as efficiently and profitably as possible without investing too much capital.".
- Resorts_International_Holdings label "Resorts International Holdings".
- Resorts_International_Holdings differentFrom MGM_Resorts_International.
- Resorts_International_Holdings sameAs Q7315772.
- Resorts_International_Holdings sameAs m.02w9p74.
- Resorts_International_Holdings sameAs Q7315772.
- Resorts_International_Holdings wasDerivedFrom Resorts_International_Holdings?oldid=707987286.
- Resorts_International_Holdings isPrimaryTopicOf Resorts_International_Holdings.