The story
Founded by Shlomo Zabludowicz.1
1990s
In 1995, Tamares acquired 1500 Broadway in New York City.
In 1995, Tamares opened the Plaza America, a 165,000 square feet retail center in Washington DC, on 27 acres (11 ha) acquired in 1988.
2000s
In March 2004, Tamares acquired 40 acres (16 ha) in downtown Las Vegas in a joint acquisition with Barrick Gaming Corporation from Jackie Gaughan for $82 million. Tamares was the major investor with Barrick being mainly involved with operating the casinos. The purchase included:
The Plaza
Las Vegas Club
The Western
Gold Spike
Ambassador East Motel
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In June 2005, Tamares acquired total control of the hotels and casinos from Barrick, including the Nevada Club Hotel & Casino and Queen of Hearts Hotel & Casino, as well as 40 other commercial and residential sites in downtown Las Vegas. However, Barrick was retained as the lessee of the casinos since Tamares does not hold a Nevada Gaming License.
In December 2005, Tamares entered into a lease agreement with Navegante to operate the Las Vegas casinos through a subsidiary called PlayLV. The Queen of Hearts was later acquired by LiveWork Las Vegas.
In July 2007, the Gold Spike was sold for $15.6 million to Gregg Covin.
2010s
In March 2011, Tamares put a bid of approximately $3 billion to purchase the whole of Warner Music Group.
In January 2012, The Western was closed for an indefinite period of time.
In March 2013, The Western was sold for $14 million to a company affiliated with Tony Hsieh's Downtown Project, a campaign to revitalize the Fremont Street area.
In April 2013, Tamares announced that the Las Vegas Club will be closing its hotel. The casino will remain open. A possibility of a renovation for the hotel was hinted.
In June 2013, it was announced that the ViaEuropa consortium has won the tender for the Israel Electric Corporation (IEC) fiber optic communications infrastructure joint venture. Tamares Telecom is one of the four companies in the consortium, headed by ViaEuropa. ViaEuropa will own half of the consortium, while each of the four Israeli companies will own 12.5%. The consortium will own 60% of the fiber optic venture, and IEC will own 40%. The venture is expected to cost about $1.4 billion.
In September 2013, it was reported that Tamares will participate in a financing round, estimated at $15–20 million, for N-trig.
In January 2015, it was announced that Tamares is bidding to manage Eilat's Princess Hotel.
In June 2015, Tamares has invested in Wolt, a Finnish-based smartphone app that allows customers to pre-order food from over 200 restaurants across Finland.
In July 2015, it was announced that Tamares will acquire TEGNA, Inc.'s McLean corporate headquarters for $270 million. Gannett Co., Inc., parent of USA Today has signed a 12-year lease with Tamares to remain in the building. Previous owner, TEGNA, has agreed to an 18-month lease for 20% of the office space in building.
In August 2015, the Las Vegas Club was sold to Derek and Greg Stevens, owners of The D casino, for $40 million.
In August 2015, Tamares has participated in a $18 million Series-D funding round for Siklu.
In September 2015, Tamares sold its stake in Restamax for €6.9 million.
In July 2016, Tamares has participated in a $1.6 million round of funding for LogDNA.
In October 2016, Tamares has participated in a €9.3 million round of funding for KNL Networks.
In November 2016, Tamares has participated in a $10.5 million round of funding for AImotive.
In March 2017, Tamares has participated in a $4 million round of seed funding for Plate IQ.
In June 2017, Tamares has participated in a €1.75 million round of seed funding for Singa.
In January 2018, it was reported that Tamares plans to construct a second building with office or residential uses, at the previously acquired TEGNA office building. The project would include open space around the tower, and perhaps as many as 400 new residential units and 5,000 square feet of retail.
In January 2018, Tamares has participated in a $240 million round of funding for the fifth fund of Pontifax, an Israel-based venture capital firm focused on investments in the healthcare sector.
In March 2018, Tamares sold its €80 million stake in Outotec.
In January 2019, it was reported that Tamares sold 10% of its stake in Knafaim, parent company of El Al, for NIS23 million. After the deal, Tamares owns 3% of Knafaim.
2020s
In November 2020, it was reported that real estate developer Israel Canada Ltd. has acquired three hotels in Israel from Tamares Hotels for NIS155 million.
From Wikipedia’s article on Tamares Group, shared under CC BY-SA 4.0.4