Business Services Industry
Property Snag Is Resolved in Harrah's Deal to Buy Las Vegas Hotel-Casino.
Knight Ridder/Tribune Business News, March, 2004
By Rod Smith, Las Vegas Review-Journal Knight Ridder/Tribune Business News
Mar. 11--Two months after the problem-plagued Binion's Horseshoe was closed in a cash-cage raid by deputy U.S. marshals, Harrah's Entertainment and MTR Gaming Group's also-troubled plan to take over the property cleared its final known hurdles Wednesday.
The last obstacle to closing the three-way deal disappeared when Clark County District Judge Michael Douglas set aside his own order from Tuesday and confirmed the sale of the so-called Parry parcel for $1.8 million to Chester, W.Va.-based MTR subsidiary Speakeasy Gaming of Fremont, which will do business as Binion's Horseshoe.
Speakeasy Chief Executive Officer Roger Szepelak said Wednesday's action should...
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