HOLIDAY <HIA> RECAPITALIZATION APPROVED
Holiday Corp said the New Jersey
Casino Control Commission has approved its recapitalization
plan, providing the final regulatory approval needed.
    The company said it expects to announce next week the
record date for the special 65 dlr per share dividend
shareholders will receive under the plan and to pay the
dividend during the month of April, with the exact timing
depending on the closing of financing arrangements.
    Holiday operates Harrah's Marina Hotel and Casino in
Atlantic City, N.J.
 Reuter
