Ramada Inc., betting its future on gaming...

Ramada Inc., betting its future on gaming operations in Nevada and New Jersey, mailed shareholders details of a plan to sell off its hotel and restaurant operations. Shareholders will be paid at least $7 a share and would retain their interest in the restructured company. Ramada announced last month that it would sell its hotel and restaurant groups to avoid a buyout by the Pritzker family of Chicago, Ramada’s largest shareholder. The restructured company will focus on gaming properties in Las Vegas and Laughlin, Nev., and Atlantic City, N.J.