NEW ROYAL HOLDCO I INC. (GDEN): M&A transaction — Golden completes Nevada distributed gaming sale for ~$213.5M cash plus $37.5M purchased cash

NEW ROYAL HOLDCO I INC.

Sale of Nevada distributed gaming ops to J&J Ventures Gaming closed Jan 10, 2024 for ~$213.5M plus ~$37.5M purchased cash.
Earlier Montana distributed gaming ops sold to J&J on Sep 13, 2023 for ~$109M; combined with prior Rocky Gap sale for $260M.
Total divestiture proceeds used to repay $175M term loan B; pro forma cash rises to $501M as of Sep 30, 2023.
Pro forma net income for 9M 2023 is $3.5M vs $265.1M as reported, reflecting removal of divested ops and gains.
Company retains branded Nevada tavern locations; records rental income from sub-lease to J&J Nevada.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

NEW ROYAL HOLDCO I INC. completed a disposition involving J&J Ventures Gaming of Nevada, LLC for $213.5 million (closed 2024-01-10).

Action: disposition
Counterparty: J&J Ventures Gaming of Nevada, LLC
Consideration: $213.5 million
Closing: 2024-01-10

Exact text from the filing

On January 10, 2024, Golden Entertainment, Inc. (the “Company”) completed the sale of its distributed gaming operations in Nevada to J&J Ventures Gaming of Nevada, LLC (“J&J Nevada”) for cash consideration of $213.5 million, subject to adjustments, pursuant to the previously announced Membership Interest Purchase Agreement

View on SEC.gov

Browse all m&a transactions →

NEW ROYAL HOLDCO I INC. filing history →

Source: SEC EDGAR

accession 0001071255-24-000006

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.