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LATEST: KEVIN COSTNER has won a vital legal battle over his stake in a casino in Deadwood, South Dakota.
The Supreme Court ruled yesterday (09NOV06) that the DANCES WITH WOLVES star doesn’t have to sell his 93.5 per cent stake in The Midnight Star - named after the saloon in Costner movie SILVERADO - in order to sever ties with his two partners in the business.
Costner handed CARLA and FRANCIS CANEVA 6.5 per cent of the business when he hired them to manage the casino.
He fired them in 2004 and offered to buy them out.
The actor’s attempts to regain control of the business - he estimates is worth $3.1 million (£1.7 million) - turned against him last month (OCT06) when a lower court ruled he must pay $6.2 million (£3.4 million) to the couple.
The decision would have forced Costner to pay out or sell the casino - but the actor appealed and the State Supreme Court agreed, ruling that the lower court failed to follow the Internal Revenue Standard when assessing the value of the property.
The casino will be revalued and Costner must only pay 6.5 per cent of any accumulated interested if it is worth more than the $4.9 million (£2.7 million) Costner invested in it and nothing if it is worth less.

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