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Update: Tamares Group Buys Out Barrick Gaming

By Chuckmonster on Monday, 27th June 2005 6:26pm
  » filed under Las Vegas  comments: 0

   

Tamares Group, a privately owned international investment company, will buy out partner Barrick Gaming Corp.'s minority interests in downtown Las Vegas, the companies announced Monday.

The financial terms of the sale were not disclosed, but Tamares will own outright title to the Plaza, Las Vegas Club, Western and Gold Spike hotel-casinos once state gambling regulators approve the deal.

Tamares also will get the Nevada Club and Queen of Hearts and more than 40 other commercial and residential sites in the downtown area.

Barrick's combined downtown holdings had been valued at more than $200 million this spring.


[ Holy Shit? - Ed ]



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