BUSINESS

Lakes Entertainment cashes in casino rights

TAGs: Lakes Entertainment Inc., Lyle Berman, penn national gaming

Penn National Gaming Inc will ante up $25M to Lakes Entertainment for its rights, titles and interests in several casino projects in development. The two Ohio casinos in question will be built in the cities of Columbus and Toledo. With $25M coming back into their coffers, CEO Kyle Berman is more than pleased on the return on the company’s investment. Read more.

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