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March 1, 2011

Las Vegas gaming entity files for bankruptcy

"A Las Vegas company that owns slot machine patents filed for bankruptcy Monday after accumulating millions of dollars in losses and engaging in litigation with shareholders and others.

Legal iGaming Inc. filed for Chapter 11 reorganization in U.S. Bankruptcy Court for Nevada, listing assets of $2.6 million including server-based slot machine patents it values at $2.5 million."

Read more here.

March 1, 2011 in Current Affairs | Permalink

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