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Southwest Casino Private Placement Falls Through

MINNESOTA – As reported by the St. Paul Business Journal: "Southwest Casino Corp. announced late Monday that investor Gordon Graves has scrapped plans for a $50 million private placement.

"The private placement, which was announced in January, was part of a larger investment deal under which the Graves Group would invest in Southwest and Graves would become the company's chairman.

"…The termination of the private placement also means Southwest will not acquire the assets of AcesWired, a gaming and entertainment company owned by Graves…"

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