Business Services Industry
Las Vegas Assets of Time-Share Operator Leisure Industries Are Being Sold.
Knight Ridder/Tribune Business News, December, 2003
By Hubble Smith, Las Vegas Review-Journal Knight Ridder/Tribune Business News
Dec. 20--The Las Vegas assets of bankrupt time-share operator Leisure Industries of America are in the process of being sold to Doerge Capital Management, a source said.
Mego Financial Corp., doing business as Las Vegas-based Leisure Industries, filed for Chapter 11 bankruptcy in July, listing assets in Clark County, Nye County, Washoe County, New Jersey, Florida, Colorado, Hawaii and California.
The company's primary asset is an 18-acre property in back of Harrah's and Imperial Palace at Ida and Winnick avenues, with 489 time-share units.
Doerge Capital, a division of the Chicago-based brokerage firm Balis, Lewittes and Coleman, will acquire about...
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