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News Breaks | | | | August 3, 2012 | | 16:02 EDT |  | LACO | Lakes Entertainment announces purchase of Rocky Gap Lodge and Golf Resort
Lakes Entertainment announced that Evitts Resort, a wholly owned subsidiary of Lakes, closed on the purchase of the Rocky Gap Lodge & Golf Resort. The purchase price of approximately $6.8M was paid at closing. The initial term of the lease is for 40 years. The total cost of the Rocky Gap acquisition and development project is expected to be between $25M-$30M. | |
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