🖐 Golden Entertainment agrees to buy American Casino for $ mln | PE Hub
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The transaction is subject to customary regulatory approvals and is expected to close by the end of ET to review the transaction. Welsh Carson awaits final bids for InnovAge. News Briefs. Guests enjoy over 57, sq. The Company owns four casino properties, 56 taverns and operates almost 1, distributed gaming locations in multiple jurisdictions. A link has been emailed to you - check your inbox. If the problem persists, please email: subscriptions peimedia. Please check your spam or junk folder just in case it's been delivered there. Golden currently owns and operates gaming properties across two divisions — distributed gaming and resort and casino operations. Added to your Saved Articles. Back Confirm. PE Hub. The property features an 80, sq. Click here to register Nearly there! Please confirm you would like to remove this article from your saved articles. The transaction is not subject to a financing condition. Email Sign In. About Golden Entertainment Inc. The deal is expected to close by the end of this year. Our market leading distributed gaming businesses in Nevada and Montana, as well as our Casino Resort in Maryland, present several opportunities to cross-market and promote these new assets that we welcome to the Golden family. Upon completion of the transaction, Golden will operate over 15, slot machines, table games and more than 5, hotel rooms across eight casino properties and almost 1, distributed gaming locations including the largest branded tavern portfolio in Nevada. The Conference ID Number is Please call five minutes in advance to ensure that you are connected. Cancel Share.{/INSERTKEYS}{/PARAGRAPH} I accept: sourceRegistration Please select Private equity international Private debt investor Private funds management Infrastructure investor Perenews Secondaries investor Agri investor Recapital news Pehub Reg compliance watch Vcj Buyouts Email me a registration link. The largest casino operations and hotel in Laughlin, Aquarius features 1, slot machines, 33 table games, and 1, guestrooms and suites offering river, mountain and desert views. Add to list Select existing list. For the webcast, please allow 15 minutes to register, download and install any necessary software. This acquisition supports our goals for growth in many ways, including the potential to use our increased free cash flow and financial scale to pursue distributed gaming opportunities in existing or potential new markets. In addition, we expect that our new credit facility will provide us with the flexibility and liquidity to pursue future organic and strategic opportunities. In addition, given the recent investment activity focused on the north end of the Las Vegas Strip, we see future potential to develop the approximately 15 acres of excess real estate surrounding the Stratosphere. Pathway promotes three to director and hires another People 10 hours ago. Recover your password. The Aquarius Casino Resort, located in Laughlin, Nevada, is an award-winning destination resort located on the banks of the Colorado River. Nearly there! Share this: Twitter LinkedIn. Don't have an account? PE Deals 8 hours ago. Only logged in subscribers of this site will be able to access the shared article. Share with other subscribers. The property features slot machines, seven table games, hotel rooms, a full service casino with a hotel and RV park; the property also features a hour bingo room, and fine and casual dining options. Email me an authentication link. Unsave Article. As with our existing businesses, we believe the American properties are poised to benefit tremendously from anticipated continued economic growth in Nevada, particularly from the continued strength in the Las Vegas market. If you do not receive this within five minutes, please try and sign in again. Golden is focused on maximizing the value of its portfolio by leveraging its scale, leadership position, and proven management capabilities across its two divisions. Password recovery. Despite the significance of our Nevada casino portfolio after closing this transaction, we intend to continue to invest in the expansion of our industry leading distributed gaming business including our planned tavern developments in Las Vegas as well as our pursuit of potential distributed gaming operations in new jurisdictions. {PARAGRAPH}{INSERTKEYS}We have just sent you an email so you can verify your account. Sign in to your account Email address Email address not recognised. For more information, visit www. Click here to register. Post-closing, we anticipate leverage will be reduced by operating cash flow of the combined businesses. Golden operates approximately 12, gaming devices and 25 table games in Nevada, Maryland and Montana. Sign in. Log into your account. Blake L.