Golden Entertainment Completes Sale of Nevada Distributed Gaming Operations
Golden Entertainment Inc. announced 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 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.
