STAMFORD, CT World Wrestling Federation Entertainment (WWF) has sold the WWF Hotel and Casino located in Las Vegas. The net proceeds from the sale are approximately $11.2 million and are net of closing costs and other selling expenses.
The property was purchased in the second quarter of fiscal year 1999 and classified as an asset held for sale on the balance sheet. The company expects to record a gain of approximately $1 million. (12/26/00)