Golden Entertainment Completes Sale of Nevada Distributed Gaming Operations
10 Janvier 2024 - 11:30PM
Business Wire
Golden Entertainment, Inc. (NASDAQ: GDEN) (“Golden
Entertainment” or the “Company”) announced today that it completed
the previously disclosed sale of its distributed gaming operations
in Nevada (“Nevada Distributed Gaming Operations”) to an affiliate
of J&J Ventures Gaming, LLC (“J&J Gaming”). Pursuant to the
terms of the purchase agreement entered into among Golden
Entertainment, J&J Gaming and the other parties thereto,
J&J Gaming acquired Golden Entertainment’s Nevada Distributed
Gaming Operations for cash consideration of approximately $213.5
million, subject to customary working capital and other
adjustments, plus purchased cash (comprised of cash and cash
equivalents related to such operations at the time of closing) of
approximately $37.5 million. The Company previously completed the
sale of its distributed gaming operations in Montana to an
affiliate of J&J Gaming on September 13, 2023.
Latham & Watkins LLP acted as a legal counsel to Golden
Entertainment in connection with this transaction.
About Golden
Entertainment
Golden Entertainment owns and operates a diversified
entertainment platform, consisting of a portfolio of gaming and
hospitality assets that focus on casino and branded tavern
operations. Golden Entertainment operates nearly 5,600 slots, over
100 table games, and over 6,000 hotel rooms. Golden Entertainment
owns eight casinos and 69 gaming taverns in Nevada. For more
information, visit www.goldenent.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240110213640/en/
Golden Entertainment, Inc. Charles H. Protell President and
Chief Financial Officer (702) 893-7777 Investor Relations Richard
Land JCIR (212) 835-8500 or gden@jcir.com
Golden Entertainment (NASDAQ:GDEN)
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