Article: Canadian-Based Larco Investments to Buy Bankrupt Las Vegas Hotel-Casino.

By Jeff Simpson, Las Vegas Review-Journal Knight Ridder/Tribune Business News

Nov. 20--Hundreds of workers at the Regent Las Vegas have lost their jobs in recent days, clearing the way for today's scheduled sale of the bankrupt Summerlin hotel-casino to a Canadian company.

Hotspur Resorts is set to assume control of the 541-room gaming property at midnight and is expected within a few weeks to replace the Regent brand with the upscale JW Marriott label.

The layoffs were a condition of the $80 million purchase by Hotspur parent Larco Investments, a Vancouver, British Columbia-based company, which owns hotels and a shopping mall in Canada.

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