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
. The company is currently based in Las Vegas.
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... Read More