---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-060720"
form_type: "8-K"
ticker: "GDEN"
cik: "0001071255"
company_name: "NEW ROYAL HOLDCO I INC."
filed_at: "2023-03-06T23:59:59+00:00"
generated_at: "2026-06-18T11:06:03.477808+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Golden Entertainment to divest distributed gaming ops in NV and MT for $322.5M plus $39M purchased cash

## Summary
- Aggregate cash consideration $322.5M plus estimated $39M purchased cash; total ~$361.5M.
- Nevada ops sold for $213.5M + $34M purchased cash; Montana for $109M + $5M purchased cash.
- Transaction valued at ~9.0x Distributed Gaming segment Adjusted EBITDA of $44M for 2022.
- Golden will enter five-year agreement with J&J Gaming to support gaming ops at Golden's branded taverns.
- Expected close before year end, subject to regulatory approvals.

## SEC filing metadata
- accession: 0001193125-23-060720
- form_type: 8-K
- ticker: GDEN
- cik: 0001071255
- company_name: NEW ROYAL HOLDCO I INC.
- filed_at: 2023-03-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1071255/000119312523060720/0001193125-23-060720-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1071255/000119312523060720/d463220d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-060720
- JSON: https://secwatch.observer/filing/0001193125-23-060720.json
- Plain text: https://secwatch.observer/filing/0001193125-23-060720.txt

## Key facts
- Material Agreements
  NEW ROYAL HOLDCO I INC. entered into Membership Interest Purchase Agreement (the "Montana Purchase Agreement") with J&J Ventures Gaming of Montana, LLC valued at approximately $109.0 million in cash plus an estimated $5.0 million of purchased cash (effective 2023-03-03).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: J&J Ventures Gaming of Montana, LLC
  - Value: approximately $109.0 million in cash plus an estimated $5.0 million of purchased cash
  - Effective: 2023-03-03
  source text: (ii) a Membership Interest Purchase Agreement (the “Montana Purchase Agreement,” and together with the Nevada Purchase Agreement, the “Purchase Agreements”) with J&J Ventures Gaming of Montana, LLC (“J&J Montana”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1071255/000119312523060720/0001193125-23-060720-index.htm
- Material Agreements
  NEW ROYAL HOLDCO I INC. entered into Membership Interest Purchase Agreement (the "Nevada Purchase Agreement") with J&J Ventures Gaming of Nevada, LLC valued at approximately $213.5 million in cash plus an estimated $34.0 million of purchased cash (effective 2023-03-03).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: J&J Ventures Gaming of Nevada, LLC
  - Value: approximately $213.5 million in cash plus an estimated $34.0 million of purchased cash
  - Effective: 2023-03-03
  source text: On March 3, 2023, Golden Entertainment, Inc. (“Golden”) and certain of its subsidiaries entered into (i) a Membership Interest Purchase Agreement (the “Nevada Purchase Agreement”) with J&J Ventures Gaming of Nevada, LLC (“J&J Nevada”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1071255/000119312523060720/0001193125-23-060720-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.