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StumbleAgreement finalized on United Coin sale
Monday, Aug. 14, 2000 | 10:57 a.m.
Alliance Gaming Corp. of Las Vegas today announced it signed a definitive agreement to sell United Coin Co., its slot route subsidiary, to a group of private investors for $118 million.
The parties first signed a letter of intent in mid-July. The deal will formally close once the parties receive approval from gaming regulators, a process expected to take nine to 12 months. United Coin is the largest slot route operator in Nevada, with more than 8,000 slot machines across the state.
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