🤑 Golden Entertainment agrees to buy American Casino for $ mln | PE Hub

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The acquisition of American Casino & Entertainment Properties LLC brings to four million shares of Golden Entertainment common stock.


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Golden Entertainment bought American Casino & Entertainment from Whitehall Street Real Estate Partners for $ million in cash plus 4 million shares.


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American Casino & Entertainment's portfolio features 3, slot machines, Entertainment stock issued to American Casino & Entertainment's.


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Golden Entertainment bought American Casino & Entertainment from Whitehall Street Real Estate Partners for $ million in cash plus 4 million shares.


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Golden Entertainment bought American Casino & Entertainment from Whitehall Street Real Estate Partners for $ million in cash plus 4 million shares.


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Golden Entertainment has agreed to acquire American Casino four million shares of Golden stock issued to American's current owner.


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The acquisition of American Casino & Entertainment Properties LLC brings to four million shares of Golden Entertainment common stock.


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The Company is licensed in Illinois to operate video gaming terminals. In addition, we have the ability to develop approximately 15 acres of excess real estate surrounding the Stratosphere, which we believe has enormous long-term potential. Through its distributed gaming business in Nevada and Montana, Golden Entertainment operates video gaming devices at nearly 1, locations and owns nearly 60 traditional taverns in Nevada. The Company undertakes no obligation to update any forward-looking statements as a result of new information, future developments or otherwise.

Golden now operates 16, slot machines, table games and 5, hotel rooms across eight casino properties american casino and entertainment stock almost 1, distributed gaming locations including the largest branded tavern portfolio in Nevada. We believe that our expanded asset base, strong operating discipline american casino and entertainment stock ability to quickly realize synergies will result in increased free cash flow, allowing us to reduce leverage as well as reinvest in our existing businesses and new growth opportunities.

This press release contains forward-looking statements regarding future events and our future results that are subject to the more info harbors created under the Securities Act of and the Securities Exchange Act of These forward-looking statements are subject to assumptions, risks and uncertainties that may change at any time, and readers are therefore cautioned that actual results could differ materially from those expressed in any forward-looking statements.

For more information, visit www. All forward-looking statements in this press release are qualified in their entirety by this cautionary statement.

Golden Entertainment is focused on maximizing the value of its portfolio by leveraging its scale, leadership position and proven management capabilities across its two divisions. Golden Entertainment owns eight casino resorts — seven in Southern Nevada and one in Maryland. We look forward to quickly integrating the American operations and welcoming their guests and team american casino and entertainment stock to the Golden family.

Forward-Looking Statements This press american casino and entertainment stock contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Securities Act of and the Securities Exchange Act of Log In Sign Up.

This information is not meant to be considered in isolation or as a substitute for measures of financial performance prepared in accordance with GAAP. Blake L. The Company operates approximately 16, gaming devices, table games, 5, hotel rooms, and provides jobs for more than 7, team members. Golden Entertainment, Inc.