Binions Casino in Las Vegas To Be Sold By MTR

Casinos in Las Vegas have seen people come and go for years, however, it is now the owners of some of these casinos that are getting out of town, as many casinos are being sold.

The latest casino that will apparently have ownership change hands is Binion's casino. The MTR Gaming Group, which currently owns Binions, announced today that an agreement has been reached with TLC Casino Enterprises Inc. to sell Binions for $32 million in cash.

TLC is not new to the casino game in Vegas as they already own Four Queens Hotel and Casino. Buying Binions will just add to their increasing presence in the Vegas market.

The reason for the sale is MTR is looking to escape from their business operations in the west. The group also sold Speedway Casino for $18 million earlier in the year.

MTR owns properties in Pennsylvania, Michigan, Ohio, West Virginia, and soon to be Minnesota, so the company is putting its focus on that region of the country and getting away from their west coast ties.

June 27, 2007
Posted By Bob Hartman
Staff Editor, CasinoGamblingWeb.com    Previous Page | Internet Gambling | Top Online Casinos | Submit News!