Golden Entertainment took a step further to complete the state's Game Management Board just before it completed the merger with companies on Oct. 20.
Once the acquisition deal is completed, Golden will pay a total of $850 million to acquire ACEP, which is known to operate three properties and Loughlin's Aquarius Casino Resort in Las Vegas, including Stratosphere Casino, Hotel & Tower, Arizona Charlie Decatur and Arizona Boulder. At a meeting in Carson City on October 4, it approved the approval of the game management committee and even recommended the approval of the golden piece.
Earlier this year, Blake Sartini, Golden's chairman and CEO, noted that ACEP real estate acquisitions perfectly align with Golden's strategy of expanding into the market through the operation of multiple brands. Once the deal is complete, Golden will own more than 114 table games and more than 5,100 hotel rooms and expand more than eight casino properties and more than 1,100 other gaming venues in three states, more specifically Nevada, Maryland and Montana.
Before approving the acquisition agreement, the state's Game Management Committee expressed concern about the company's significant rise. Golden is estimated to rise three times at the end of the contract. The meeting between Mr. Sartini and the board lasted almost two hours. In response to a question from the board, Mr. Sartini noted that the company has the ability to successfully manage all of its properties. Sean Reid said he has the confidence to meet the company over the years because he hasn't asked for the company's approval for Nevada's business.
integration as a trend
Mergers have become a leading trend in the global gambling scene. That's not surprising considering regulatory pressures, high taxes, and fierce competition. To solve all these problems, many companies have decided to join forces through mergers and acquisitions.