Park Place Entertainment Corp.
officials say they'll know Monday whether the Las Vegas
Hilton will be sold to a Los Angeles developer.
Park Place said last week a dispute had arisen over a
delay in the Hilton sale. Ed Roski Jr., owner of the
Silverton hotel-casino and developer of the $400 million
Staples Center, already paid a $20 million deposit for the
Hilton.
But Roski must close the deal by Saturday, which means
he will have until Monday -- the next business day, Scott
LaPorta, Park Place executive vice president and chief
financial officer, said Wednesday. Or, Roski can pay an
additional $5 million to extend the deadline to Feb. 7.
LaPorta said the company hasn't heard from Roski and
isn't sure about his plans. Wall Street analysts says Roski
is having trouble arranging financing.
Roski is also an owner of the Los Angeles Lakers and the
Los Angeles Kings.
He did not return a phone call Wednesday seeking
comment.
The sale of the 3,200-room Las Vegas Hilton Hotel for $365
million to Roski was announced in July.
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