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Caesars Entertainment has agreed to sell its Bally's Casino New Orleans for about $24 million, company officials said.

An affiliate of Columbia Sussex Corp., a Fort Mitchell, Ky.-based hotel operator, will buy the property. The transaction, expected to be completed by June 2005, is subject to regulatory approval.

Columbia Sussex and its affiliates operate 64 hotels, including the Westin Causarina in Las Vegas.

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