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Tag Archives: Golden Entertainment

US – Golden Entertainment to buy two casinos from Marnell Gaming

Golden Entertainment is buying the Edgewater Hotel & Casino Resort and the Colorado Belle Hotel & Casino Resort in Laughlin, Nevada, from Marnell Gaming for between $168m and $190m. The purchase price will be based on an 8.0x multiple of the combined trailing 12 months adjusted EBITDA of both properties as of November 2018. Blake…

US – Golden Entertainment installs Konami’s Synkros Management System at all of its casinos

Golden Entertainment has selected Konami Gaming to replace existing systems at The Stratosphere Hotel, Casino & Tower, Arizona Charlie’s Decatur, Arizona Charlie’s Boulder, and Aquarius Casino Resort in Laughlin. All four sites were recently acquired by Golden Entertainment, and through the coming months will connect with existing Sykros sites in Pahrump and Maryland for a…

US – Stratosphere to take gaming to new heights

Golden Entertainment is to spend $140m on redeveloping Stratosphere Casino, Hotel & Tower, in a move that will see a complete refresh of its iconic Top of the World restaurant and Tower experience with the addition of a dedicated casino area conveniently located near access to the tower thrill rides to appeal to a younger…

US – Golden Entertainment completes ACE acquisition

Golden Entertainment has completed the acquisition of American Casino & Entertainment Properties, including the Stratosphere Casino, for $850m. The acquisition of American Casino & Entertainment Properties LLC brings to Golden Entertainment three properties in Las Vegas including the Stratosphere Casino, Hotel & Tower, Arizona Charlie’s Decatur and Arizona Charlie’s Boulder, as well as the Aquarius…

US – Golden Entertainment buys four casinos including the Stratosphere

Golden Entertainment is buying Nevada and Arizona casino operator American Casino & Entertainment Properties for $850m. The deal includes three properties in Las Vegas including the Stratosphere Casino, Hotel & Tower, Arizona Charlie’s Decatur and Arizona Charlie’s Boulder, as well as its fourth property, the Aquarius Casino Resort in Laughlin. American is expected to generate…

US – Golden Entertainment to acquire second distributed gaming Business in Montana

Golden Entertainment has entered into a definitive agreement to acquire substantially all of the assets of Amusement Services. Amusement Services is one of the largest distributed gaming operators in the state of Montana and currently operates more than 1,800 gaming devices located in approximately 180 retail locations across the state, including five Native American locations…

US – Golden Entertainment selects Konami’s Synkros

Konami Gaming’s Synkros casino management system has been selected by Golden Entertainment to replace existing systems at its three casino properties in Pahrump, Nevada. Pahrump Nugget Hotel & Casino, Gold Town Casino, and Lakeside Casino & RV Park will introduce Synkros’ single player card solution, premier bonusing suite, award-winning marketing tools, and advanced reporting to…

US – Sartini Gaming merger with Lakes Entertainment forms Golden Entertainment

The merger between Sartini Gaming and a subsidiary of Lakes Entertainment, has closed, after receiving various approvals from the Lakes’ shareholders at the company’s annual meeting on July 29. In connection with the merger, Lakes has been renamed Golden Entertainment. The newly combined company operates approximately 9,250 slot machines and video lottery terminals in Nevada…