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Most Recent Online Casino News Makes Bid for Online Sports Wagering Company announced Wednesday that it is attempting to acquire American Wagering Company for $9.5 million.

According to a release from, American Wagering Company supplies nearly 85% of the sports wagering computer systems in use by Nevada casinos.

American Wagering and its wholly-owned subsidiary, Leroy’s Horse and Sports Place, are operating under Chapter 11 of the U. S. Bankruptcy Code. Leroy’s operates Nevada’s largest statewide network of sports and wagering facilities in the state, with 49 locations and plans to expand to 60 outlets by Dec. 1 of this year. The offer was part of a competing reorganization plan filed with the bankruptcy court in Reno, Nevada. Half of’s offer is in the form of cash and the remainder would be stock in the online wagering company.

According to, the bankruptcy court recently denied American Wagering’s motion to exclude and other interested companies from filing competing plans to acquire AWI. The bankruptcy court has scheduled a hearing on Nov. 12 to consider Youbet’s motion to approve the proposed disclosure statement to accompany its reorganization plan. If Youbet’s motion is granted, the bankruptcy court will consider all competing plans at the confirmation hearing currently scheduled for Feb. 14, 2005.

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2004 Online Casino News Archive


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