Gold Rush Casino approved for sale |

Gold Rush Casino approved for sale

Earlier this afternoon, the California Gambling Control Commission approved the purchasing agreement that will enable the Cal-Pac Group to buy Grass Valley’s Gold Rush Casino and Gaming Parlor, said commission officials.

However, the agreement comes strapped with several conditions that must first be agreed upon by the cardroom’s current owner, Sue Barrows.

Cy Rickards, the commission’s chief counsel, said the board wanted to ensure there would be adequate reserve money in the escrow fund to pay for the recovery of fines that needed to be paid, if any, as well as the cost of any investigation or prosecution that may result from a future evidentiary hearing. During that hearing, which has not yet been scheduled, Barrows will be able to confront the accusations made against her, which include several violations of the state Gambling Control Act.

Additionally, Rickards said the money would be set aside for the payment of any and all taxes, including federal, state, local, payroll, income, and sales that are presently due, as well as, those which might accrue until escrow closes.

That amount in the escrow reserve fund would be increased from $50,000 to $150,000, Rickards said.

Neither Barrows nor her attorney, Robert Tabor, were present during the afternoon session.

The purchase price of the gaming room has not been revealed.

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