Building a Casino Empire
A company that started out running a Days Inn in Richwood 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, 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 motel in Richwood. Columbia Sussex is now one of the largest privately owned hotel and casino companies in the country, so large that it has outgrown its Fort Mitchell headquarters and plans to build a $15 million signature corporate base in Crestview Hills.
June 11, 2006
Posted By Susan Torres
Staff Editor, CasinoGamblingWeb.com
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