Barrick Gaming Corporation Barrick Gaming Corporation is a private company that was founded by D.W. Barrick and Stephen Crystal . The company formerly operated several hotels and casinos in Las Vegas, Nevada . The company is currently based in Las Vegas .History In 1993, Barrick formed a joint venture with Station Casinos to develop a riverboat casino in Kansas City . On March 25, 2004 , Barrick Gaming purchased, and began operating, several properties from Jackie Gaughan , a long time Las Vegas casino owner, for $82 million. The casinos included: Jackie Gaughan, a native of Omaha, Nebraska and a casino operator from the beginning of the post-World War II era, retained ownership of the El Cortez Hotel & Casino . In the deal, Barrick had the option to purchase the property on right of first refusal . While it was not announced at the time , Barrick shared ownership of the buildings with Tamares Real Estate Investments which also owns the land under these properties. In October, 2004, Barrick acquired the Queen of Hearts Hotel & Casino and the Nevada Hotel & Casino. On November 10, 2004 Barrick announced that it would acquire the Golden Nugget Laughlin for $31 million plus working capital . As part of the purchase agreement, Poster Financial Group granted Barrick a two-year limited use of the Golden Nugget brand name , after which Barrick will be required to change the name of the property. However, on May 31 , 2005 the agreement for Barrick Gaming to acquire the Golden Nugget Laughlin expired without a final deal being reached. As a result, Landry's Restaurants, Inc . would acquire the property as part of its agreement to purchase the Golden Nugget Las Vegas . In a further development, on June 28 , 2005 Barrick announced that it would sell its interest in the first 4 properties it acquired to the privately owned Tamares . In addition, it was also selling its interest in about 40 other properties in Las Vegas.Properties The Gold Spike The Plaza The Vegas Club The Western
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