Casino Merger Deal Involving Minnetonka Co. Moves Ahead
MINNEAPOLIS (AP) -- Shareholders in the parent company of the Rocky Gap Casino Resort near Cumberland, Maryland, have approved a proposed merger with Las Vegas-based Sartini Gaming Inc.
Lakes Entertainment Inc. of Minnetonka, Minnesota, announced the results Tuesday of a special shareholders meeting held June 17.
The $128 million deal still requires approval by regulators in Nevada and Montana, where Sartini's Big Sky Gaming subsidiary operates. Maryland regulators approved the merger last week.
Under the proposal, Lakes would merge with Sartini's Golden Gaming LLC unit, creating a new, publicly traded company called Golden Entertainment.
The companies have said they hope to close the deal as early as the third quarter of this year.
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