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The Chip Board Archive 12

Re: Extra! Poster Financial To Sell GN Laughlin Extra!

Not at this time. As I said in my first post Barrick Gaming has a 24 month limited use licensing agreement with Poster Financial Group to use the Golden Nugget name and brand after which they will be required to change the name and presumably at that time there will be a redemption notice.

Is it just me or does $31 million seem like a pittance compared to what Tim Poster and Tom Bretling paid MGM Mirage back in January which was $215 million ($107.5 million per property). I could be wrong about this but why would Poster Financial take a $76.5 million dollar loss on the deal?

== Rick Schwarz R-5723 ==

Messages In This Thread

Extra! Poster Financial To Sell GN Laughlin Extra!
Re: Extra! Poster Financial To Sell GN Laughlin Extra!
Re: Extra! Poster Financial To Sell GN Laughlin Extra!
I seriously doubt that the Laughlin property
I believe the original sale included
Re: I seriously doubt that the Laughlin property

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