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Golden Nugget agreed to buy out the Doumanis.

January 13, 1986

The $21.2-million deal was announced while hearings were pending before the New Jersey Casino Control Commission on whether Doumani family members should be forced to divest their 1,766,575 shares, about 5% in the Las Vegas-based casino operator. Golden Nugget said the 1.77 million shares are all of those owned by any of the immediate family of Edward M. Doumani and Fred M. Doumani Jr.

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