Bizwatch, Jun. 17, 1996

LUCK, BE A HILTON TONIGHT

When Stephen Bollenbach left the top financial job at the Walt Disney Co. to run the Hilton Hotel Corp. in February, he vowed to make Hilton a leader of the $20 billion U.S. gaming industry. Bollenbach hit the jackpot with just one roll of the dice last week, when Hilton agreed to acquire Bally Entertainment in a $2 billion stock swap that creates the world's largest casino company. "Big guys win in any consolidating industry," Bollenbach says.

Among the benefits of bulking up, the deal will land Hilton on the boardwalk in Atlantic City, New Jersey,...

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