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MTR Gaming, TLC Casino deal approved10 January 2008CHESTER, West Virginia -- (PRESS RELEASE) -- MTR Gaming Group, Inc. (NasdaqGS:MNTG - News) and TLC Casino Enterprises, Inc. announced that the Nevada Gaming Control Board unanimously voted to recommend approval of the sale of Binion's to TLC Casino Enterprises to the Nevada Gaming Commission yesterday. Assuming that the Nevada Gaming Commission approves the sale at its meeting on January 24, MTR Gaming Group and TLC Casino Enterprises expect to close the sale in February. In December, TLC Casino Enterprises administratively exercised its right to extend the sale agreement to allow for the anticipated January approval and February closing. MTR Gaming Group and TLC Casino Enterprises entered into a definitive agreement in June 2007 to sell Binion's Gambling Hall & Hotel for $32 million in cash, subject to certain adjustments. |