M&A Deal Summary

Golden Entertainment Acquires American Casino & Entertainment Properties

On October 23, 2017, Golden Entertainment acquired gaming company American Casino & Entertainment Properties for 850M USD

Acquisition Highlights
  • This is Golden Entertainment’s 2nd transaction in the Gaming sector.
  • This is Golden Entertainment’s largest (disclosed) transaction.
  • This is Golden Entertainment’s 3rd transaction in the United States.
  • This is Golden Entertainment’s 2nd transaction in Nevada.

M&A Deal Summary
Date 2017-10-23
Target American Casino & Entertainment Properties
Sector Gaming
Buyer(s) Golden Entertainment
Deal Type Add-on Acquisition
Deal Value 850M USD

Target

American Casino & Entertainment Properties

Las Vegas, Nevada, United States
website
American Casino & Entertainment Properties LLC owns and operates gaming and entertainment properties in Clark County, Nevada. Its properties include Stratosphere Casino Hotel & Tower, which is located on the Las Vegas Strip and caters to visitors to Las Vegas.

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Buyer(S) 1

Buyer

Golden Entertainment

Las Vegas, Nevada, United States

website

Category Company
Founded 1998
Sector Gaming
Employees6,700
Revenue 1.1B USD (2021)
DESCRIPTION
Golden Entertainment's corporate headquarters in Las Vegas, Nevada.
Golden Entertainment's corporate headquarters in Las Vegas, Nevada.

Golden Entertainment owns and operates gaming properties across two divisions – distributed gaming and resort and casino operations. Golden Entertainment operates more than 12,000 gaming devices and over 30 table games in Nevada, Maryland and Montana. The Company owns four casino properties, 50 taverns and operates approximately 980 distributed gaming locations in Nevada, Maryland and Montana. Golden Entertainment was founded in 1998 and is based in Las Vegas, Nevada.

DEAL STATS #
Overall 3 of 3
Sector (Gaming) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Nevada) 2 of 2
Country (United States) 3 of 3
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-19 Amusement Services

Billings, Montana, United States

Amusement Services LLC is a distributor of gaming and amusement devices, as well as maintaining ATM machines.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-25 Rocky Gap Casino Resort & Golf

Flintstone, Maryland, United States

Rocky Gap Casino, Resort & Golf is a full-service casino resort that offers a casino, hotel, conference center, Bonkerz Comedy Club, five dining options, indoor and outdoor event spaces, the only Jack Nicklaus Signature Golf Course in Maryland, a spa, indoor pool, fitness center, pro shop, complimentary valet parking, individual parking, and several outdoor recreational activities. Rocky Gap Casino, Resort & Golf is based in Flintstone, Maryland.

Sell $260M
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