About Archon

Archon Corporation, through its wholly owned subsidiary, Pioneer Hotel, Inc., engages in the ownership, management, and operation of casinos and hotels in the United States. The company operates the Pioneer Hotel & Gambling Hall (the Pioneer) in Laughlin, Nevada. In addition, it owns real estate on Las Vegas Boulevard South (Strip) in Las Vegas, Nevada, and properties in Dorchester, Massachusetts, and Gaithersburg, Maryland. Hotel and casino Operations The Pioneer The Pioneer features a classical western architecture style, and is located in Laughlin, Nevada. The Pioneer is located on approximately 12 acres of land, with Colorado River frontage of approximately 770 feet, and is situated near the center of Laughlin’s Casino Drive. Approximately 6 1/2 acres of the 12 acres are leased. The Pioneer consists of four buildings. The casino is located in the main building, totaling approximately 50,000 square feet, of which approximately 21,500 square feet house the casino. The first floor includes the casino, bars, snack bar and gift shop, as well as a 24 hour restaurant, kitchen, special events area, restrooms, and storage areas. The first floor also includes a Lucky’s Sports Book operated by Brandywine Bookmaking, a tenant. A partial second floor houses a gourmet restaurant, administrative offices, and banquet rooms. The motel buildings consist of approximately 66,000, 54,000, and 30,000 square feet, respectively. Approximately 416 motel rooms are housed in the buildings with improvements, including a swimming pool and spa. Market: The Pioneer targets primarily mature, out-of-town customers residing in Central Arizona and Southern California; and retirees who reside in the northeast and midwest United States and Canada and travel to the southwest United States during the winter months and local residents who reside in Laughlin, Nevada, and in Bullhead City, Kingman and Lake Havasu, Arizona, and in Needles, California. Assets Held for Sale In May 2009, the company, through its wholly owned subsidiary SFHI, LLC (SFHI), entered into a purchase and sale agreement with Montgomery County (County), whereby the County would purchase SFHI’s 51.57 acre parcel of land together with an approximately 341,693 square feet office building (the Gaithersburg Property), located in Gaithersburg, Maryland. Rental Properties The company acquired rental properties in the Dorchester section of Boston, Massachusetts and Gaithersburg, Maryland. The Dorchester section of Boston, Massachusetts property is located on 12 acres and includes various buildings with approximately 425,000 square feet of commercial office space. The company owns, through its wholly owned subsidiary, Sahara Las Vegas Corp. (SLVC), an approximately 27-acre parcel of land (the Property) located on the east side of Las Vegas boulevard south, south of Sahara Avenue. It leases the Property to two different lessees. History Archon Corporation was founded in 1991.