American Wagering, Inc.
of Las Vegas said it received a financing commitment from Millennium Bank of Edwards, Colo., to finance its acquisition of Sturgeon's Inn & Casino in Lovelock.
AWI said it will pay 2 percent over prime on the interest-only $1.1 million loan.
The loan is secured by a mortgage on Sturgeon's.
Elko-based Great Basin Bank of Nevada also is participating in the loan.
AWI said it hopes to close the deal in the first quarter of this year, assuming state regulators give their approval.
Comments
Use the comment form below to begin a discussion about this content.
Sign in to comment