EXHIBIT 10.34

OPTION AGREEMENT

THIS OPTION AGREEMENT (the "Option Agreement") is entered into as of October 8, 2002, 2002, between ENDEAVOR NORTH, LLC, a Nevada limited-liability company
(the "Grantor") and ARCHON CORPORATION, a Nevada corporation (the "Grantee") with reference to the following facts:

A.    The
Grantor holds the entire Class A membership interest in Duke'sSparks, LLC, a Nevada limited-liability company (the "Borrower").

B.    The
Grantee has agreed to make a subordinated loan to the Borrower in the aggregate principal amount of $1,100,000 (the "Subordinated Loan"), on the terms and conditions
set forth in that certain Subordinated Loan Agreement dated as of October 8, 2002 (the "Subordinated Loan Agreement").

C.    One
of the conditions to the obligation of the Grantee to make the Subordinated Loan pursuant to the Subordinated Loan Agreement is the grant by the Grantor of the option
provided for herein.

NOW,
THEREFORE, in consideration of the above facts and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Grantor and the Grantee
hereby agree as follows:

1.Grant of Option.The Grantor hereby grants to the Grantee an option (the "Option"), exercisable during the
period commencing on the date of the first advance under the Subordinated Loan and ending upon payment in full of the Subordinated Loan (the "Option Period"), to purchase units of membership interest
in the Grantor equal in the aggregate to a 70% membership interest, subject to
adjustment as provided in Section 2 hereof (such units, as the same may be adjusted, being herein called the "Optioned Units") on the following terms and conditions:



2.Adjustment of Optioned Units.If the original maximum principal amount of the Subordinated Loan is reduced to
$450,000 or less prior to the first advance thereunder, then the aggregate number of Optioned Units shall be adjusted to equal a 30% rather than 70% membership interest in the Grantor.

3.Representations and Warranties of the Grantor.The Grantor represents and warrants to the Grantee, now and as
of the transfer of the Optioned Units, as follows:



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4.Representations and Warranties of the Grantee.The Grantee hereby represents and warrants, now and as of the
date of transfer of the Optioned Units, to the Grantor as follows:



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5.Additional Documentation.The Grantor and Grantee will execute, deliver, acknowledge and file any and all
further documents and provide any and all further information reasonably necessary or appropriate in connection with the transactions contemplated by this Agreement.

6.Notices.Any notice, request, demand, statement, authorization, approval or consent made hereunder shall be
in writing and shall be sent by Federal Express, or other reputable nationally recognized overnight courier service, or by postage prepaid registered or certified mail, return receipt requested, and
shall be deemed given when received or refused (as indicated on the receipt) and addressed as follows:



it
being understood and agreed that each party will use reasonable efforts to send copies of any notices to the addresses marked "With a copy to" hereinabove set forth; provided, however, that failure
to deliver such copy or copies shall have no consequence whatsoever to the effectiveness of any notice made to the other party. Each party may designate a change of address by notice given, as herein
provided, to the other party, at least fifteen days prior to the date such change of address is to become effective.

7.Governing Law.The terms of this Agreement shall be governed by and construed under the laws of the State of
Nevada without reference to such State's principles of conflicts of law.

IN
WITNESS WHEREOF, Grantor has executed this Option Agreement as of the 8th day of October, 2002.

| |  | ENDEAVOR NORTH, LLC
a Nevada limited-liability company
| |  | ------------------------------------------------------

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| |  | By:                                      | /s/RAY BROWN, JR.Manager
| |  | ---------------------------------------- | ------------------------
| |  |                                          |                         
| |  | /s/RAY BROWN, JR.Member                 
| |  |                                          |                         
| |  | /s/KEVIN HOGANMember                    
| |  |                                          |                         
| |  | /s/CHRISTOPHER LOWDENMember             
| |  |                                          |                         
| |  | ARCHON CORPORATION,
a Nevada Corporation
| |  | By:                                      | /s/CHARLES W. SANDEFUR  

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