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Tennis Pro Agassi Drops $5 Million on Slice of Las Vegas Casino.
Knight Ridder/Tribune Business News, December, 2003
By Jeff Simpson, Las Vegas Review-Journal Knight Ridder/Tribune Business News
Dec. 4--Count tennis star Andre Agassi and former International Game Technology Chairman Chuck Mathewson as prospective owners of downtown's Golden Nugget.
The two Nevadans are each investing $5 million in Poster Financial Group, the company Golden Nugget buyers Tim Poster and Tom Breitling created to buy the downtown casino and its Laughlin sister property, Poster said.
The Las Vegas entrepreneurs completed a $155 million debt offering last month, meaning the $215 million purchase could take place as soon as January.
With its financing secure and its management team lined up, only state gaming regulatory approval stands between Poster Financial and...
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