American Wagering Sells
December 01, 2009 3:51 AM
by Ray Poirier
In a filing with the Securities & Exchange Commission, American Wagering Inc. (BETM) announced it was selling the Sturgeon’s Inn & Casino in Lovelock, Nevada, to 777 Gaming Inc.
Sale price was listed as $2.2 million to be paid in cash at the time of closing.
American Wagering purchased the hotel/casino in March of 2006. At the time, the sale price was not listed although the company reported in an SEC filing that it had received a loan commitment of $1.1 million to fund the purchase.