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Barden told to appear before state Gaming Control Board

Barden told to appear before state Gaming Control Board

Don Barden has been summoned before the state Gaming Control Board tomorrow to answer questions regarding his ongoing saga to secure financing for his North Shore casino.

The board asked Mr. Barden to appear after he was in Harrisburg Monday seeking yet more time to present the details of his $780 million in financing for the slots parlor, spokesman Bob Oltmanns said.

Mr. Oltmanns said his understanding is that Mr. Barden needs the additional time to close on the financing. The gaming board had postponed one public hearing on the financing last month at Mr. Barden's request. He said then he needed more time to complete the deal.

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A few days later, he announced that he had secured $150 million from Apollo Strategic Value Fund LP and a group of other lenders to round out the casino's funding.

Apollo is affiliated with Apollo Management, one of the companies that purchased Harrah's Entertainment, a losing bidder for the license Mr. Barden received.

First Published: June 11, 2008, 2:00 a.m.

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