Laughlin News - Page 8

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Moody's Upgrades Golden Nugget Investors

28 January 2004

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

Golden Nugget Takeover Approved

23 January 2004

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.

Golden Nugget Bid Extension Expected

21 January 2004

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.

Casino Hit With Lawsuit in Gangs Battle

20 January 2004

A lawsuit filed last week in District Court claims an Arizona couple suffered emotional distress and physical harm when they witnessed a gun battle between rival motorcycle gangs at a Laughlin casino.

Archon Closes on Laughlin Casino

9 January 2004

Archon Corporation reports the closing of the purchase of the fee ownership of the Pioneer Hotel & Gambling Hall in Laughlin, Nevada on December 29, 2003.

Limitation Placed on Golden Nugget License

8 January 2004

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.

Golden Nugget Buyers Face First License Vote Wednesday

5 January 2004

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.

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