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Binion's sale set to close

Binion's sale set to close
March 3, 2008
CHESTER, W.Va.—MTR Gaming Group Inc. plans to complete the sale of Binion's Gambling Hall & Hotel in Las Vegas this week.

TLC Casino Enterprises is buying the former home of the World Series of Poker for $32 million.

As a last-minute part of the deal, though, both sides have agreed to a $3 million adjustment in working capital. That money will remain with the property when it changes hands.

MTR says current market conditions led to the change.

TLC, based in Nevada, also owns the Four Queens casino across the street from Binion's.

MTR is selling its Nevada properties to concentrate on holdings in West Virginia, Pennsylvania and the Midwest.

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Messages In This Thread

Binion's sale set to close
Looking for new machines...
Don you need to update your casino strike info
Re: Don you need to update your casino strike info
Re: Don you need to update your casino strike info
Re: Don you need to update your casino strike info
Re: Don you need to update your casino strike info
Re: Don you need to update your casino strike info
Re: Dan, Prepare Thyself!
Re: Dan, Prepare Thyself!
Thyself thinking of going in the sign business grin

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