Fitzgeralds Gaming
Formerly called | Lincoln Management Corporation |
|---|---|
| Public | |
| Industry | Gaming, Hospitality, Tourism |
| Fate | Chapter 11 bankruptcy |
| Founded | 1981 |
| Defunct | 2000 |
| Headquarters | Reno, Nevada, U.S. |
| Products | Casinos, Hotels, Entertainment, Resorts |
Fitzgeralds Gaming was a gaming company based in Reno, Nevada, that operated four casinos under the Fitzgeralds brand. It filed for Chapter 11 bankruptcy in December 2000, and subsequently sold all its properties.[1][2]
History
Lincoln Management Corporation
After Lincoln Fitzgerald died in 1981, the Lincoln Management Corporation was formed to run his two Reno casinos, Fitzgeralds and the Nevada Club, under a contract with Fitzgerald's widow, Meta. In 1986, Lincoln exercised an option to buy Fitzgeralds for $26.25 million.[3]
In 1987, the Lincoln Group bought the Sundance casino in downtown Las Vegas from Moe Dalitz, renaming it as Fitzgeralds.[4]
In 1988, it bought Harolds Club, the last remaining casino in Howard Hughes's gambling empire, from the Hughes Corporation.[5]
In 1993, the company made a bid for the last available gaming license in the Kansas City area, proposing a $145 million casino in Sugar Creek, Missouri.[6] The license was awarded to Station Casinos instead, to build what is now the Ameristar Casino Kansas City. Station was later investigated for improper contact with the president of the gaming commission, and Fitzgeralds sued and received a $38 million settlement in 2004.[7]
Fitzgerald Gaming
In 1994, Lincoln was reorganized as Fitzgeralds Gaming Corp.
In December 2001, The Majestic Star Casino, LLC made its first expansion beyond Gary, acquiring three Fitzgeralds casinos from bankrupt Fitzgeralds Gaming for $149 million, in Las Vegas, Nevada, Black Hawk, Colorado, and Tunica, Mississippi.[8] Chief operating officer Michael Kelly, a former Fitzgeralds executive, engineered the deal.[9]
List of properties
- Fitzgeralds — Black Hawk, Colorado
- Fitzgeralds Las Vegas — Las Vegas, Nevada
- Fitzgeralds — Reno, Nevada
- Fitzgeralds — Tunica, Mississippi
- Harolds Club — Reno, Nevada (sold in 1995)[10]
- Nevada Club — Reno, Nevada (closed in 1998)[11]
References
- ↑ "Fitzgeralds Deal Okayed for Cashell". KOLO-TV. 18 October 2007. Retrieved 11 October 2011.
- ↑ "Fitzgeralds in bankruptcy, three casinos being sold". Las Vegas Sun. 6 December 2000. Retrieved 11 October 2011.
- ↑ Kling, Dwayne (2010). The Rise Of The Biggest Little City: An Encyclopedic History Of Reno Gaming. University of Nevada Press. p. 51. ISBN 0-87417-829-0.
- ↑ Newton, Michael (2009). Mr. Mob: The Life and Crimes of Moe Dalitz. McFarland. p. 282. ISBN 0-7864-3516-X.
- ↑ Kling, Dwayne (2010). The Rise Of The Biggest Little City: An Encyclopedic History Of Reno Gaming. University of Nevada Press. p. 69. ISBN 0-87417-829-0.
- ↑ "Suit: Station 'rigged game' to get license". Lawrence Journal-World. 22 December 2000. Retrieved 12 October 2011.
- ↑ "Station Casinos settles for $38 million in Missouri". Las Vegas Review-Journal. 12 February 2004. Retrieved 12 October 2011.
- ↑ "Detroiter Builds Out-Of-State Casino Empire". Casino City Times. 21 April 2002. Retrieved 9 October 2011.
- ↑ "Fitzgeralds in bankruptcy, three casinos being sold". Las Vegas Sun. 6 December 2000. Retrieved 9 October 2011.
- ↑ Kling, Dwayne (2010). The Rise Of The Biggest Little City: An Encyclopedic History Of Reno Gaming. University of Nevada Press. p. 180. ISBN 0-87417-829-0.
- ↑ "Casino trappings go up for bid". Today's News Herald. 25 January 1998. Retrieved 11 October 2011.