|Atlantic City, NJ – Robert R. (Randy) Black, Sr.’s latest venture was his most complicated deal yet. He recently purchased Si Redd’s Oasis Casino Hotel, Golf & Resort, Black’s third operating casino in Mesquite, NV. Begun early last Fall, the deal was a long process, complicated by gaming regulators’ reviews and arguments about water and development rights for the golf course included in the sale, which was across the border in Arizona. The transaction also included an $80 million bank credit facility to finance the purchase and refinance the debt of all of Black’s casino properties. |
Fox Rothschild attorney Daniel S. Ojserkis handled the complex purchase of the Oasis for Black and has worked on two previous projects for the entrepreneur. The intricacies of the Oasis transaction made it a challenge as it involved corporate, regulatory and real estate legal work.
Ojserkis and Black met in 1997 when Ojserkis represented Players International in the sale of its casino resort in Mesquite to Black. Even though they were on opposing sides of the table, Black later hired Ojserkis as legal counsel.
For an inside account of the Oasis deal, an extremely challenging and complicated casino deal, contact Daniel S. Ojserkis at (609) 572-2219 or via email at firstname.lastname@example.org.
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