Few lawyers in Nevada, or across the country, have more experience in managing the real estate components of major gaming transactions than Angela Turriciano Otto. Angela routinely closes more than $1 billion in real estate gaming transactions annually. She specializes in managing complex commercial transactions including acquisitions, dispositions, developments, financings, and leasings of real estate assets (including hotels, casinos, office and industrial buildings and restaurants), lease work-outs, business acquisitions and dispositions. Her commercial finance practice includes assisting with loan restructurings, issuing opinion letters and advising clients as to enforcement matters relative to loans secured by real estate, in particular, Nevada's non-judicial foreclosure process, the impact of Nevada's One Action Rule and limited deficiency statutes, and the recent legislative changes to the foregoing.
Additionally, over her career, Angela has played a key role in some of Nevada's most significant hospitality transactions. She represented Apollo and Texas Pacific Group in their acquisition of Harrah's Entertainment, Inc. including the $32 billion CMBS, revolver and mezzanine financings in connection therewith. Angela also served as Nevada counsel with respect to Station Casinos, Inc.'s $8 billion going private transaction, including the various financings related thereto. In 2011, she assisted with Station Casinos, Inc.'s and its operating subsidiaries’ emergence from bankruptcy. Angela represented clients in the acquisition of the Planet Hollywood Resort & Casino, the Treasure Island Hotel & Casino, the Palms Hotel Casino and the Rio All Suites Hotel & Casino; the sale of the Barbary Coast Hotel & Casino in exchange for the former Westward Hotel site; and the sale of the Fitzgeralds, the Riviera Las Vegas, Bill's Lake Tahoe Resort, the Sahara Hotel & Casino, the Golden Nugget Las Vegas, the Golden Nugget Laughlin and the Lady Luck Casino Hotel.
Court Admissions — U.S. District Court, District of Nevada
Represented MGM in the sale of Circus Circus Reno's assets and MGM's 50% equity interest in the Silver Legacy Resort Casino Reno.
Represented MGM in connection with the sale of the Gold Strike Hotel & Casino and related assets.
Represented Riviera Holdings Corporation in its sale of the real estate assets associated with the Riviera Hotel and Casino in Las Vegas to the Las Vegas Convention and Visitors Authority.
Represented hotel casino operator in connection with the negotiation and drafting of a long term ground lease to a national retail tenant, including access and easement issues related thereto.
Represented HELP of Southern Nevada in the acquisition and development of a homeless youth center in Las Vegas, Nevada.
Served as Nevada counsel to Caesars Entertainment in connection with its US$3.3 billion new senior secured credit facilities and issuance of US$1.9 billion senior secured notes in order to finance the CMBS repurchase and refinance a construction loan.