Archon Corporation

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Archon Corporation
Traded as OTC Pink: ARHN
Industry Gaming
Headquarters Laughlin, Nevada
Key people Paul Lowden (president)[1]

Archon Corporation is an entertainment company based in Paradise, 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.[2] Lowden is also executive vice president, secretary and treasurer for the company.[1]

History[edit]

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

The company was first renamed Santa Fe Corporation and later renamed again to the Sahara Gaming Corporation.[2] 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]

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.[2]

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.[6]

Assets[edit]

References[edit]

  1. ^ a b Steve Tetreault (2009-02-25). "Reid swings at bonus paid to Lowden's husband during company downturn". Las Vegas Review-Journal. 
  2. ^ a b c d 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. 
  3. ^ a b c 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. ^ Howard Stutz (April 15, 2013). "Investment firm makes offer for Laughlin casino operator Archon Corp.". Las Vegas Review-Journal. Retrieved 2013-04-15.