Golden Entertainment to sell gaming operations in Nevada and Montana
| By Robert Fletcher
Gambling operator Golden Entertainment has entered into definitive agreements to divest its distributed gaming operations in Nevada and Montana to J&J Ventures Gaming.
Golden Entertainment will sell the assets for aggregate cash consideration of $322.5m, plus an additional $39.0m of estimated purchased cash at closing.
J&J Ventures, a privately held business and distributed gaming operator with a presence in a number of states, will acquire Golden’s distributed gaming operations for $213.5m plus an estimated $34.0m of purchased cash.