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Herbst Gaming extends talks with lenders about $1.2 billion debt

Herbst Gaming and its lenders agreed to extend their talks on a financial restructuring plan covering the company's $1.2 billion debt until Nov. 5, according to a filing with the Securities and Exchange Commission today.

Herbst, a Las Vegas-based casino and slot machine route operator has been seeking a remedy for its financial troubles since last spring. The deadline was Tuesday, but both sides agreed to the extension.

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