Under the deal, Fischer was buying Laredo Hospitality Ventures, the parent company of Stella’s and Shelby’s cafes. While Laredo investors were paid $46.5 million, only $2 million came from Fischer, who got ownership of the cafes. The rest of the money was supplied by Fischer’s preferred slot machine supplier, Midwest SRO, in a series of payments billed as providing an equity stake and buying out a noncompete clause governing Gary Leff, Laredo’s chief executive officer.
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February 03, 2021 at 06:00PM
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How a fight over slot machines led state investigators to probe two Illinois video gambling kings - Chicago Tribune
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