With its buyout deal with Hedwigs a bust, Hooters Casino Hotel's owner hopes that it won't be too hard to find a buyer who appreciates the company's ample assets. Investment company 155 East Tropicana, said Monday that it was terminating its agreement to sell Hooters Casino Hotel to Hedwigs Las Vegas Top Tier for USD 98.0 million after the buyer failed to make a required USD 500,000 payment by June 6.

The new owners of the Hooters Casino Hotel in Las Vegas are promising a USD 130 million hotel makeover and name change in a project that the company executive said could begin later this year. The redesign is expected to expand the casino area and change some of the hotel’s 727 rooms into suites. Santa Monica, California-based Hedwigs Las Vegas Top Tier is completing financing for the USD 225 million purchase...

Las Vegas (AP) - The USD 95 million purchase of the Hooters hotel-casino has been slowed by a turbulent debt market, the prospective buyer said. Richard Bosworth of Hedwigs Las Vegas Top Tier said the investment group is still working to buy the off-Strip hotel-casino, valued at USD 235 million when including the assumption of debt. But he said the volatile market has caused Hedwigs to re-evaluate its projections for financing the deal.