BINION'S HORSESHOE: Deal with Harrah's finalized - 2004-01-23
Downtown gaming and union executives welcomed Thursday's announcement that Harrah's Entertainment closed a deal to purchase Binion's Horseshoe, although some workers expressed concerns about their job prospects.
Harrah's and Culinary union executives announced Thursday Harrah's had signed a definitive agreement to buy the closed Horseshoe for an undisclosed sum from owner Becky Binion Behnen.
At a Thursday news conference in the Poker Room at the landmark downtown property, Harrah's President Gary Loveman said the agreement was signed late Wednesday night and that the transaction should be done by the end of the first quarter, subject to regulatory approvals.
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