Cannery Casino Resorts

[4] With the funds injected, Wortman was able to buy out two minority partners in the Nevada Palace casino, which was placed under the Cannery umbrella.

[14] The company led an unsuccessful lobbying effort to legalize casinos in New Hampshire, and proposed a $450 million expansion of the park with up to 5,000 slot machines.

[14] Oaktree funding also enabled CCR to buy The Meadows, a harness racetrack near Pittsburgh, in November 2006 from Magna Entertainment for $200 million.

In December 2007, Australian gaming company Crown Limited agreed to buy CCR for $1.75 billion.

[17] In May 2014, Cannery agreed to sell The Meadows to Gaming and Leisure Properties for $465 million, with the proceeds going towards reducing company debt.