Archon Corporation
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Formerly called
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Hacienda Resorts, Inc. Santa Fe Corporation Sahara Gaming Corporation Santa Fe Gaming Corporation |
|---|---|
| Public | |
| Traded as | OTC Pink: |
| Industry | Gaming |
| Founded | 1983 |
| Headquarters | Laughlin, Nevada, United States |
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Key people
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Paul W. Lowden (CEO) |
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. Lowden is also executive vice president, secretary and treasurer for the company.
The company began in 1983 as Hacienda Resorts, Inc., owner of the Hacienda Casino.
The company was first renamed Santa Fe Corporation and later renamed again to the Sahara Gaming Corporation. Sahara Gaming attempted to sell 40 acres (16 ha) of land to Players International in 1994. The deal fell through on February 7, 1995.
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.
In 2000, the Santa Fe Casino was sold to Station Casinos.
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.
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. The Stoney's trademark is currently owned by Archon Corporation
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Wikipedia