History
The Golden Nugget Laughlin was known as the Nevada Club before it was acquired by Golden Nugget Companies. A brief history of the property:
1986—had a major renovation
1989—became a Mirage Resorts property
2004—sold to Poster Financial Group, Inc.
May 31, 2005—a disagreement between Poster Financial and Barrick Gaming caused the purchase agreement of the Golden Nugget Laughlin to be terminated and as a result Landry's Restaurants, which was buying the Golden Nugget in Las Vegas was given control of the Laughlin property in exchange for taking on the property's debt. The sale to Landry's closed on September 27, 2005. Poster Financial filed a lawsuit against Barrick for breach of contract and Barrick countersued, claiming that Poster purposely made financial irregularities in its financial statements.
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