PDS unit buys Reno casino

RENO, Nev. -- PDS Casinos, Reno, a subsidiary of PDS Gaming, purchased the Gambler casino here.

The 7,000-square-foot gaming facility, located on Virginia Street in the city's downtown section, features 175 slot machines.

PDS Casinos officials are waiting for regulatory approvals, including that of the Nevada Gaming Board, that would allow the company to operate the casino. The firm's officials expect to have a decision from gaming authorities in the first quarter of this year.

The company plans to improve the property and utilize the casino's second level, which currently is not being used, according to Martha Vlcek, chief financial officer of PDS Financial Corp., doing business as PDS Gaming. The expansion nearly would double the size of the facility, she added.

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