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HILTON SUBMITS OFFER TO ACQUIRE BALLY'S CASINO RESORT-RENO FOR $73 MILLION

 HILTON SUBMITS OFFER TO ACQUIRE
 BALLY'S CASINO RESORT-RENO FOR $73 MILLION
 BEVERLY HILLS, Calif., May 13 /PRNewswire/ -- Hilton Hotels Corp. (NYSE: HLT) has submitted an offer to acquire the Bally's Casino Resort-Reno for $73 million plus assumption of certain liabilities. The offer for the 2,000-room hotel was submitted to Bally's Grand, Inc. and its creditors.
 The offer has been filed in the pending bankruptcy proceeding for Bally's Grand, Inc. Hilton's offer is conditioned upon its being permitted to perform appropriate due diligence.
 -0- 5/13/92
 /CONTACT: Maurice J. Scanlon, senior VP-finance of Hilton, 310-205-4340/
 (HLT) CO: Hilton Hotels Corp. ST: California IN: CNO SU:


CH -- LA012 -- 9583 05/13/92 10:35 EDT
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Publication:PR Newswire
Date:May 13, 1992
Words:115
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