Bets with Vegas books that close or transfer ownership?

[bbuster]

I was wondering about what happens with bets(like long term futures) with Vegas sports book that close or transfer ownership before the bets settle? I know a while back Gary Austins place went out of business and all bets were not honored and monies in phone accounts were not paid, since then I thought that there was something put in place(maybe by the Nevada gaming commission) guaranteing bets placed in any licensed Vegas sports book if this happened again.
I also heard today that Wynn bought the Desert Inn as a birthday gift for his wife, When I was in Vegas a while back, I made some baseball season wins bets at the Desert Inn. I figure in cases when businesses are bought out or taken over the new owner has responsibility for all debts even if the new owner decides to not have a sportsbook on their property.
I appreciate any insight shared on this subject.

[DoggieStyle]

The Gary Austin charade was a whole different ball game. This book was supposedly involved in a robbery. The book then closed down without paying players. The book was not bought by anyone.

If your bets are with the Desert Inn they will be paid by the Desert Inn. If someone buys the Desert Inn, they also buy your wager. The money you put up for your wager and all wagers like this is actually part of the sale. (A very small part, so small they probably don't even look at it)) I'm pretty sure this is correct.

[Ronbets]

bbuster,

No sweat. All you need to do is win those futures. They are now considered assets of the D.I.