Offer endangers Horseshoe purchase - 2004-03-06
Lawyers were scrambling late Friday night to save the proposed purchase of Binion's Horseshoe to MTR Gaming Group and the World Series of Poker to Harrah's Entertainment.
The three-way agreement calls for Harrah's to purchase the Horseshoe brand name and the World Series of Poker competition from Behnen, while MTR purchases the hotel-casino and the Binion name. As part of the settlement, Harrah's has agreed to run the downtown property for one year with a one-year option and two six-month options to extend that deal.
Read the full story at Las Vegas Review-Journal