Resorts International bought a stake in Pan Am.
- Share via
The casino operator said in a filing with the Securities and Exchange Commission that it has purchased 8.84%, or 9.1 million shares, of the outstanding stock in Pam Am Corp. for investment purposes. It said that “depending on a variety of factors,” it did not have any plans to increase its stake to more than 10%. Pan Am had no immediate comment.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
