VICI Properties and Century Casinos to Acquire Rocky Gap Casino Resort From Golden Entertainment for $260M
Rocky Gap Casino Resort | August 25, 2022
NEW YORK--VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, today announced it has, together with Century Casinos, Inc. (NASDAQ: CNTY) (“Century”), entered into definitive agreements to acquire Rocky Gap Casino Resort (“Rocky Gap”), located in Flintstone, Maryland from Golden Entertainment, Inc. (NASDAQ: GDEN) (“Golden Entertainment”) for an aggregate purchase price of $260.0 million in cash. Pursuant to the transaction agreements, the Company will acquire an interest in the land and buildings associated with Rocky Gap for approximately $203.9 million, ...
Golden Entertainment Reports 2020 Third Quarter Results
Golden Entertainment | November 5, 2020
LAS VEGAS - Golden Entertainment, Inc. (NASDAQ: GDEN) (“Golden Entertainment” or the “Company”) today reported financial results for the third quarter ended September 30, 2020. Blake Sartini, Chairman and Chief Executive Officer of Golden Entertainment, commented, “Our financial performance quickly recovered from the impact of the mandated shutdowns in March reflecting the benefit of our diversified portfolio of local and regional gaming operations as well as adjustments we made to managing the business. Our third quarter results demonstrate the continued strong operating trends at most of our properties since reopening as we ge...
Golden Entertainment to Acquire Edgewater Hotel & Casino Resort and Colorado Belle Hotel & Casino Resort from Marnell Gaming
Golden Entertainment, Inc. | July 17, 2018
LAS VEGAS--Golden Entertainment, Inc. (NASDAQ: GDEN) ("Golden" or the "Company") today announced that it has entered into a definitive agreement with Marnell Gaming LLC, to acquire the Edgewater Hotel & Casino Resort and the Colorado Belle Hotel & Casino Resort in Laughlin, Nevada. The purchase price will be based on an 8.0x multiple of the combined trailing twelve months adjusted EBITDA of both properties as of November 2018, with a minimum price of $168 million and a maximum price of $190 million. Including expected cost synergies and cash acquired, the purchase price is expected to represent an implied trailing twelve months ...
Golden Entertainment Completes Acquisition of American Casino & Entertainment Properties for $850 Million
Golden Entertainment, Inc. | October 23, 2017
Golden Entertainment Expects to Generate Pro Forma 2017 Net Revenue of Approximately $847 Million and EBITDA of Approximately $180 Million Following Addition of Four New Casinos Addition of Iconic Stratosphere Casino, Hotel & Tower and Two Arizona Charlie's Casinos in Las Vegas and Market-leading Aquarius Casino Resort in Laughlin Complements Golden Entertainment's Existing Operations and Positions Company to Further Benefit from Nevada's Strong Economic Trends LAS VEGAS--October 23, 2017--Golden Entertainment Inc. (NASDAQ:GDEN) ("Golden" or the "Company"), announced today that it completed its previously announced acquisition of Am...
Golden Entertainment Enters into Definitive Agreement to Acquire American Casino & Entertainment Properties for $850 Million
Golden Entertainment Inc. | June 12, 2017
Four Casino Acquisition Includes the Iconic Stratosphere Casino, Hotel & Tower and Two Arizona Charlie's Casinos in Las Vegas as well as the Market-leading Aquarius Casino Resort in Laughlin Acquisition to Significantly Increase Revenues and EBITDA, Expected to be Immediately Accretive to Cash Flow and Earnings per Share LAS VEGAS--(June 12, 2017)--Golden Entertainment Inc. (NASDAQ:GDEN) ("Golden" or the "Company"), announced today that it has entered into a definitive agreement to acquire American Casino & Entertainment Properties LLC ("American"), which owns three properties in Las Vegas including the Stratosphere Casino, Hote...
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