M&A
confidence high
sentiment neutral
materiality 0.65
Golden Entertainment completes sale of Montana distributed gaming for ~$109M
NEW ROYAL HOLDCO I INC.
- Sale closed on Sep 13, 2023 for aggregate cash consideration of ~$109M, subject to adjustments, plus ~$5M purchased cash.
- Buyer is J&J Ventures Gaming; Nevada distributed gaming sale to same buyer remains pending, subject to gaming regulatory approvals.
- Transaction was previously disclosed on March 6, 2023; completion triggers receipt of cash proceeds.
- Latham & Watkins acted as legal counsel to Golden Entertainment in the transaction.