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November 12, 2004

Laughlin Golden Nugget sold for $31 million

LAS VEGAS (AP) — Barrick Gaming Corp. said Wednesday 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.

Barrick president Stephen Crystal called the acquisition an opportunity to expand his company's growing casino portfolio. Earlier this year, the Las Vegas-based company bought the Plaza, Las Vegas Club, Western and Gold Spike for about $82 million. Barrick also acquired the downtown Queen of Hearts and Nevada hotel-casinos in October.


 
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