Tuesday, January 15, 2008

MTR closes another sale in Vegas

According to the Associated Press, in a story picked up by the Houston Chronicle, http://www.chron.com/disp/story.mpl/ap/fn/5452536.html. MTR Gaming has closed the sale of yet another of their Las Vegas properties.

This time the Chester, WV based company has sold the property "...owned by its Speakeasy Casino in North Las Vegas for about $11 million..." to Ganaste LLC . Oddly enough the gambling operations have been sold separately to Lucky Lady D LLC for nearly $7 million, while Speakeasy Gaming Inc, will continue to operate the gaming operations onsite under the terms of a short term lease. Of course all of this is contingent upon approval by the Nevada Gaming Commission.

As has been reported previously MTR, is selling off it's other properties in order to focus on newer, growing markets, particularly on its touted "flagship property" in Chester, WV Mountaineer Racetrack & Gaming Resort.

Regards,

cheer_dad

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