India startup Oyo buys Vegas casino hotel in US expansion

Deal adds higher-end property to SoftBank-backed budget chain's portfolio

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The Hooters Casino Hotel in Las Vegas, Nevada opened in 2006. © Getty Images

ALEX FANG, Nikkei staff writer

NEW YORK -- SoftBank Group-backed Indian startup Oyo Hotels & Homes has bought Hooters Casino Hotel, its first property in Las Vegas as it eyes further expansion in the U.S. market.

The deal, announced by Oyo Friday, was handled by its American partner Highgate, which will oversee operations at the rebranded Oyo Hotel & Casino.

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