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Ellis Island, Tuscany in deal 4/13/2004 (Jeff Simpson, Las Vegas Sun) The Ellis Island Casino & Brewery in Las Vegas has agreed to invest in its around-the-corner neighbor, the Tuscany Suites and Casino Resort, and plans to take over management of the Tuscany's casino after getting an OK from Nevada gaming regulators, Ellis Island's lawyer said Friday. Responding to a Las Vegas Sun query to Ellis Island owner Gary Ellis about the deal, lawyer Frank Ellis III, Gary's brother, issued a statement acknowledging that a transfer has been agreed to, subject to regulatory approval. "Ellis Island Casino & Brewery has entered into an exclusive letter of intent with the Tuscany Casino," the statement noted. "The agreement is subject to the approval of all regulatory agencies, including the Nevada Gaming Control Board. Upon approval Ellis Island will have joint ownership in the business and real property, and will manage the casino." Ellis Island executives declined to say when they expect the casino change of control to take place, to estimate the cost of the transaction or comment on whether it would affect operations at Ellis Island.  Full Story
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