LOS ANGELES Developer Ed Roski Jr. filed a lawsuit accusing Park Place Entertainment Corp. of bad faith after the casino operator said that Roski had failed to complete the purchase of its Las Vegas Hilton for $365 million, as previously reported by HOTEL BUSINESS..
Roski, in his lawsuit filed in Nevada, is charging Park Place with failing to properly operate the hotel after the deal was announced. As a result, the hotels earnings and value have suffered and prevented Roski from securing loans to complete the deal, the suit alleges. (1/17/01)
SOURCE:Los Angeles Times