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Red Dragon mini casino sold

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May 23, 2011

The Red Dragon mini casino in Mountlake Terrace has been purchased by Nevada Gold and Casinos, Inc. The announcement came today that the agreement was made. The company has bought the mini casino for $1.25 million. When the deal is finalized, Nevada Gold will own and operate the area's only two mini casinos.

Nevada Gold stated that the integration of the new casino will be seamless. They do not expect many additional expenses. The company also will bring in management techniques that are currently in use at the other mini casino.

The purchase has not yet been finalized, however they are in the end stages. Transaction details will be filed later this week. The closing is still subject to a few conditions. This includes licensing and final approvals.

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