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Article: BILL YUNG AND COLUMBIA SUSSEX: BUILDING A CASINO EMPIRE\ LAST MONTH HE MADE A $2.75 BILLION DEAL TO BUY AZTAR CORP., OWNER OF CASINOS IN VEGAS AND ATLANTIC CITY. THIS WEEK HIS NORTHERN KENTUCKY COMPANY ANNOUNCED PLANS FOR A NEW HQ.(News)
- Article from:
- The Kentucky Post (Covington, KY)
- Article date:
- June 10, 2006
CopyrightCOPYRIGHT 2006 The Kentucky Post. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jon Newberry The Post
A company that started out running a Days Inn in Richwood, Ky., has grown into a major player in the multibillion-dollar casino business and in the nation's hotel industry.
Columbia Sussex Corp., based in Fort Mitchell, Ky., is buying Aztar Corp., a $2.75 billion cash purchase that, when final, will give it 13 casinos across the United States, Canada and the Caribbean, and place it squarely in the heart of the nation's gambling capital, the storied Las Vegas Strip.
It's quite an evolution from 1972, when William J. Yung, a former industrial engineer at Cincinnati soapmaker Andrew Jergens Co., built the 60-room ...