Hard news first. The tables value will not equal the amount of $$ to invest in it: unless you are handy and can do the work yourself.
The laminate is not really "repairable". The bolts can be replaced. Those are anchored in, woodscrew on one end and bolt on the other.
If you can get past the laminate stuff, the cushions and slate are going to be the most important part.
No disrespect to anyone of course!!

I think It is very nice everyone is offering their time and advice. I know its not a table "I" or most people would mess around with, but, he already has it and seems like helping him make the best of it is the common goal here.
"What are laminates?
A composite artificial material. The most commonly used finishing layer for MDF, plywood, particle board, wooden furniture, wall panels and flooring are laminates. Essentially, a composite artificial material, they are made by pressing together thin layers of flat paper and plastic resins." Not trying to argue about this, rather, bringing forth facts. Using Formica is still a form of laminating. It would be veneering if it were wood. I have dealt with replacing Formica on GCs and have quite a bit of experience working with countertop guys.
I agree, as I said in my first post, he should definitely leave the laminate on there. Too much work to replace, unless you know a countertop guy that can do it and replace the sights.
I also think from what little information he posted: he plans on moving forward with the table. Buying a piece of cloth to put on it doesn't seem like a huge investment to me.
As for the slates: Using the liquid dowels method to make the 3 slates into one, would be best for longevity and It will make it much easier to get is as level as possible. It involves super glue and your choice of paper, business cards or paper towel.
To the OP, if you need help getting a piece of cloth, I will be glad to drop ship you a cut of your choice from any of my vendors at much better than retail cost. Something like Championship Mercury Ultra would be a good choice in my opinion. It is very elastic and easy to install. You can still use the video I posted to base your install off of.
TFT