UPDATE Last updated: May 10, 2007  01:19pm Hooters Hotel-Casino Sale Set for October By Brian K. Miller   Hooters Hotel Casino LAS VEGAS-155 East Tropicana LLC, the owners of the 696-room Hooters Hotel and Casino here have signed a definitive agreement for the sale of the property and for the temporary leaseback of its casino operations. In so doing, the late-June close date announced along with the LOI in January has been pushed back to the end of October. Read more...

Press Release March 2007

Greetings from the SilverSprings Sales & Marketing team!

** NEWEST PROJECT AND GROUND BREAKING **

“SILVERADO ESTATES” – LUXURY SINGLE FAMILY HOMES
GROUND BREAKING CEREMONY
West Wendover, Nevada
March 16, 2007

“SILVERADO ESTATES”

Silverado Estates is a unique, exclusive development with an exquisite collection of 178 luxury single-family homes in the historic town of West Wendover, Nevada.

Striking architecture is complimented with everything you may desire in a home! 

Forty seven of the luxury homes will be situated adjacent the scenic Toana Vista Golf course and each residence will host panoramic views overlooking beautiful high desert terrain.

For additional information, please visit our website
or call our Scottsdale office at (480) 281-3015. 

Selected Luxury Home Lot packages still available!

ADDITIONAL BREAKING NEWS!!! 

WEST WENDOVER “NEW CITY CENTER” GROUND BREAKING!!! 

GROUND BREAKING CEREMONY
West Wendover, Nevada
March 16, 2007

Ø     The West Wendover “New City Center” Complex will include a City Hall, a Police & Fire Station as well as a Public Works facility and is to be the largest city complex of all the rural Nevada areas!

1/19/07
FOR IMMEDIATE RELEASE

NTH ADVISORY GROUP, LLC HAS ENTERED INTO A LETTER OF INTENT
TO PURCHASE HOOTERS CASINO HOTEL LAS VEGAS


155 EAST TROPICANA SIGNS LETTER OF INTENT TO BE ACQUIRED

Las Vegas, NV – January [x], 2007 – 155 East Tropicana, LLC (the “Company”) today announced that the Company and its owners, EW Common, LLC and Florida Hooters, LLC (the “Owners”), signed a letter of intent to be acquired by an investment group led by NTH Advisory Group, LLC (the “Investors”). Under the terms of the letter, the Investors have offered to purchase all of the outstanding membership interests for a purchase price of $95 million in cash and the payment of certain accrued royalties. The Investors will also be responsible for any repurchases, and related costs, of the Company’s $130 million in principal amount of 8 ¾% Senior Secured Notes due 2012 as a result of the proposed change of control of the Company.

Neil Kiefer, Chief Executive Officer of 155 East Tropicana, stated, “With interest in Las Vegas casino properties at an all time high due to the long-term growth characteristics of this market, we were approached with an unsolicited, unique opportunity by this investor group to monetize the Members’ interests in 155 East Tropicana, LLC, yet maintain the Hooter’s brand presence in the Las Vegas market. This proposal will provide an attractive return to the Company’s owners, yet allow the owners who are not interested in the transaction to maintain their ownership interests, subject to certain limitations.”

As currently proposed, the transaction is expected to close by June 30, 2007; but under certain conditions may be closed as late as April, 30, 2008. The closing will also be subject to the completion of due diligence, financing, and licensing, among other customary conditions. Because no definitive agreement has been signed, there can be no assurance that (i) a definitive agreement will ever be entered into, or (ii) if a definitive agreement is entered into, that the terms and conditions of the definitive agreement will be the same or similar to those in the letter of intent, or (iii) that the conditions to closing a transaction will ever be satisfied, or (iv) that any transaction with the Investors will be consummated. Pursuant to the letter of intent the parties agreed that the Investors have an exclusive right to negotiate the purchase of the Company’s outstanding membership interests until March 13, 2007.

About NTH Advisory Group, LLC

NTH Advisory Group, LLC, is a Santa Monica, California based casino and hotel development and advisory firm led by Richard Bosworth, its Principal and President.

About 155 East Tropicana, LLC

155 East Tropicana, LLC owns the Hooters Casino Hotel in Las Vegas, Nevada. The property is located one-half block from the intersection of Tropicana Avenue and Las Vegas Boulevard, a major intersection on the Las Vegas Strip. The Hooters Casino Hotel features 696 hotel rooms and an approximately 29,000 square-foot casino. Additional information about the Company can be found at the Company’s website, www.hooterscasinohotel.com

Forward-Looking Statements

This release contains certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. Actual events or results in future periods may differ materially from forward-looking statements made today because of a number of risks and uncertainties, including, but not limited to the uncertainties described above and the risks related to our substantial level of debt and our debt obligations and covenants; the implementation of the Company’s business and marketing strategies; the Company’s short operating history; the Company’s dependence on one gaming site; changes in and challenges to gaming laws and regulations; competition; changes in federal or state tax laws; and factors beyond our control. Additional information about factors that could affect the Company’s business is set forth in the Company’s SEC filings.


For additional information, please visit www.hooterscasinohotel.com
 

For Immediate Release

Nevada Developer bets big on "land gold rush" in West Wendover
 

Enter Ethan Day, an accomplished 41 year old, fifth generation entrepreneur whose great-great grandfather partially financed and' named Charles Lindbergh's historic airplane, The Spirit of St. Louis and whose grandfather ran American Railroad and Foundry with 65,000 employees who manufactured 72% of all the railroad cars manufactured in the USA in the late 1800's.. Mr. Day who in his own rights is a successful real estate developer has identified West Wendover, Nevada as one of undiscovered target markets for the current 'land gold rush" taking place in Nevada.

Mr. Day's Company, SilverSprings Real Estate Development and Investments, LLC has thrown its hat into the land boom/development ring and has announced its latest development, a 250 Condo development called Desert Oasis Condominiums, "A True Hidden Oasis". Mr. Day stated that "these upscale prestigious condominiums are situated on 24.4 acres of breathtaking real estate, nestled in a scenic mini mountain range, overlooking the West Wendover Toana Vista golf course. The spacious two and three bedroom units, host spectacular mountain range and golf course views, include state-of-the-art luxury amenities to include a Health Spa, pool, golf access and have been designed to accommodate the multi-person family."

Like Las Vegas, West Wendover is relatively young as cities go. It is located in Elko County at the northeast corner of Nevada and provides easy access from Salt Lake City, Utah with more than two million inhabitants in the market area. In the 1920s' night travelers driving east across the vast Great Salt Lake desert would see a single light off in the distance as they approached the Utah-Nevada border. The light, a solitary bulb mounted atop a tall pole at Bill Smith's Cobblestone Service Station, welcomed them to the small railroad community of Wendover. Back then. Wendover was a tiny outpost of civilization in the high desert. In the early 1940's, Wendover was the home of the top secret Army Air Corp Base with 22,000 men stationed there. Wendover Field trained most of the heavy bomber groups headed to the European and Pacific 'Theatres of War'.

Fast forward to today. Elko County, is home to West Wendover and boasts a $400 million dollar annual tourist industry. West Wendover having five casinos, consistently captures over 60% of all Elko County gaming revenues. West Wendover receives over three million visitors per year and the gaming market has been growing at a double digit rate over the past several years. Gaming related demand in West Wendover will be generated by indigenous travelers with specific intention of participating in Las Vegas style entertainment, shows and casino gaming. According to the 2004 Gaming Abstract. the state of Nevada as a whole generated revenues for Gaming of $9.9 billion, Rooms $3.8 billion, Food $2.7 billion, beverage $1.1 billion and other $2.1 billion totaling in excess of $19.5 billion!

Mr Day stated that his investment company, SilverSprings Real Estate Development and Investments, LLC, "has commenced pre-construction planning for the SilverHorse Resort and Casino, a four-star, twenty-five story tower with 500 luxury rooms and suites. The SilverHorse Resort and Casino will be built in close proximity to the Desert Oasis Condominiums and the West Wendover golf course. Mr. Day added that, "The SilverHorse Resort and Casino will significantly surpass the amenities and services offered by the other five West Wendover Hotels and Casinos."

Almost as if Mr. Day knows something that we don't, he commented that "the hottest players in Nevada right now are not roulette, poker and blackjack specialists but daily arrivals and real estate agents that are putting their money on the comparative security of property, which increased in value by nearly 50% over the past year. It appears that history could repeat itself in West Wendover, Nevada".