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The acquisition of American Casino & Entertainment Properties LLC brings to Golden Entertainment three properties in Las Vegas including.


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Add to list Select existing list. The transaction is not subject to a financing condition. Password recovery. 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. Golden currently owns and operates gaming properties across two divisions — distributed gaming and resort and casino operations. PE Hub. Golden is focused on maximizing the value of its portfolio by leveraging its scale, leadership position, and proven management capabilities across its two divisions. Nearly there! 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. The Conference ID Number is Please call five minutes in advance to ensure that you are connected. Only logged in subscribers of this site will be able to access the shared article. The property features an 80, sq. Blake L. The Company owns four casino properties, 56 taverns and operates almost 1, distributed gaming locations in multiple jurisdictions. Don't have an account? 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. Back Confirm. 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. For more information, visit www. 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. About Golden Entertainment Inc. 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. Email Sign In. Click here to register. Log into your account. Golden operates approximately 12, gaming devices and 25 table games in Nevada, Maryland and Montana. Unsave Article. Sign in.

We have just sent you an email so american casino & entertainment properties linkedin can verify your account. Recover your password. Upon completion of the transaction, Golden will operate over 15, slot machines, american casino & entertainment properties linkedin 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.

In addition, we expect that our new credit facility will provide us with the flexibility and liquidity to pursue future organic and strategic opportunities.

Share this: Twitter LinkedIn. A link has been emailed to you - check your inbox. PE Deals 5 June Pathway promotes three to director and hires another People 5 June Added to your Saved Articles.

For the webcast, please allow 15 minutes to register, download and install any necessary software. Email me an authentication link. News Briefs. If you do not receive this within five minutes, please try and sign in again. The Aquarius Casino Resort, located in Laughlin, Nevada, is an award-winning destination resort located on the american casino & entertainment properties linkedin of the Colorado River.

Click here to register Nearly there! 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.

Post-closing, we anticipate leverage will be reduced by operating cash flow of the combined businesses.

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If the problem persists, please email: subscriptions peimedia. Please check your spam or junk folder just in case it's been delivered there. The deal is expected to close by the end of this year. The transaction is subject to customary regulatory approvals and is expected to close by the end of ET to review the transaction. Please confirm you would like to remove this article from your saved articles. Sign in to your account Email address Email address not recognised.