Business Services Industry
Las Vegas Review-Journal Inside Business Column.
Knight Ridder/Tribune Business News, August, 2002
Las Vegas Review-Journal Knight Ridder/Tribune Business News
Aug. 13--MEGO FINANCIAL GROUP, a Las Vegas-based time share developer, on Monday said it signed a letter of intent to acquire the assets of FareQuest, a company whose software lets travel agencies search the Internet for low airfares.
Financial terms weren't disclosed.
RIVIERA HOLDINGS CORP., the company operating the Riviera, said it entered a $30 million, five-year revolving credit facility with Foothill Capital Corp., effective July 26.
In its quarterly report, filed Friday with the Securities and Exchange Commission, the company said it incurred loan fees of about $1.5 million, which it will expense over the life of the agreement.
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