Sunday, 26 April 2015
Last updated 2 days ago
Feb 19 2010 | 1:13pm ET
Creditors of a winter resort company owned by Fortress Investment Group won’t be selling its most high-profile asset just yet.
The Whistler Blackcomb Resort in British Columbia was set to go on the auction block yesterday, even as it is hosting the Winter Olympics’ alpine events. But a deal between Fortress and its creditors gives the New York-based alternative investments giant another week to reach an agreement with lenders that have declared it in default on US$524 million in debt payments.
But Intrawest, the resort owner, isn’t out of the Olympic woods just yet: Its creditors have set a new auction for Feb. 26—next Friday—two days before the Olympics’ closing ceremony in Vancouver.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…