Gaucho group holdings, inc. makes milestone $2.5 million payment to lvh holdings llc to advance las vegas project

New york, ny / accesswire / july 22, 2021 / gaucho group holdings, inc. (nasdaq:vino), a company that includes a growing collection of e-commerce platforms with a concentration on fine wines, luxury real estate, and leather goods & accessories, today announced it has made a $2.5 million milestone payment to lvh holdings llc to advance the previously announced agreement to develop a project in las vegas, nevada. the payment of $2.5 million is an installment in what is expected to be a total commitment of $35 million for a 40% ownership in a project that will expand the gaucho brand in ways that could include opportunities in lodging, hospitality, retail, and gaming.
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