Golden Nugget - Laughlin News - Page 2

Landry's Restaurants, which is purchasing the Golden Nugget Las Vegas from Poster Financial, is expected to gain the Golden Nugget Laughlin property as well without putting up additional money.

Poster Financial Group Inc.'s deal to sell its Laughlin casino to competitor Barrick Gaming Corp. has apparently blown up, with sources familiar with both companies saying the transaction will likely wind up in court.

News Brief: Barrick Gaming Corp. says it is buying the Golden Nugget Laughlin for $31 million from the Poster Financial Group Inc., the latest deal in the rapidly consolidating gambling industry.

The Golden Nugget hotel-casinos in downtown Las Vegas and Laughlin have signed an agreement with Internet travel service Expedia Inc. to offer travel reservations online.

Moody's Investors Service has upgraded the rating outlook on Poster Financial Group Inc. of Las Vegas to ‘stable’ from ‘negative’.

Tim Poster and Tom Breitling have received approval from the Nevada Gaming Commission for their $215 million takeover of the downtown and Laughlin Golden Nugget hotel-casinos.

Wall Street worry about one-year limitations on gaming licenses for the prospective owners of the Golden Nugget is expected to prompt the buyers' lawyers to ask the Nevada Gaming Commission on Thursday to extend the limitations to four years, industry insiders said.

Concern about the relationship of strip-club owner Rick Rizzolo to prospective Golden Nugget buyers prompted the Gaming Control Board to tack a one-year limitation on the duo's license recommendation.

The Golden Nugget will likely change hands in about three weeks, as Nevada gaming regulators are slated to consider the prospective buyers' license applications at meetings in Las Vegas on Wednesday and Jan. 22.