Sale of Casino M8trix shares delayed

An arbitrator recently ruled that Eric Swallow, co-owner of Casino M8trix in San Jose must give his current partners, Jeanine and Pete Lunardi, an opportunity to make an offer for his half of the business before he can sell it to John Park of Parkwest Casinos.

The San Jose Mercury News reported that if the Lunardis acquire Swallow’s share of the casino they will most likely turn around and sell it to Ryan Stone of the Monarch Group, “who’s said to be a friend of the Lundari family.”

Park, the Mercury News said, continues to pursue purchasing Swallow’s half.