M&A Deal Summary

Spectacle Entertainment Acquires The Majestic Star Casino

On November 28, 2018, Spectacle Entertainment acquired leisure company The Majestic Star Casino from Wayzata Investment Partners

Acquisition Highlights
  • This is Spectacle Entertainment’s 1st transaction in the Leisure sector.
  • This is Spectacle Entertainment’s 1st transaction in the United States.
  • This is Spectacle Entertainment’s 1st transaction in Nevada.

M&A Deal Summary
Date 2018-11-28
Target The Majestic Star Casino
Sector Leisure
Buyer(s) Spectacle Entertainment
Sellers(s) Wayzata Investment Partners
Deal Type Add-on Acquisition
Advisor(s) Nomura Investment Bank (Financial)
Taft Stettinius & Hollister (Legal)

Target

The Majestic Star Casino

Las Vegas, Nevada, United States
The Majestic Star Casino LLC is a regional gaming company that owns and operates three casino properties: Majestic Star and Majestic Star II located at Buffington Harbor in Gary, Indiana, Fitzgerald’s Hotel & Casino in Tunica County, Mississippi. Majestic Star’s properties are well established within their markets, each having been in operations for more than ten years.

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Buyer(S) 1

Buyer

Spectacle Entertainment

Indiana, United States
Category Company
Sector Gaming
DESCRIPTION

Spectacle Entertainment is an Indiana based gaming business owned and managed by Hoosiers.

DEAL STATS #
Overall 1 of 1
Sector (Leisure) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Nevada) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

Wayzata Investment Partners

Plymouth, Minnesota, United States

Investor

Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Wayzata Investment Partners is a private equity group focused on acquiring controlling interests in companies through distressed debt investing. The Firm targets companies valued between $100 million and $1 billion. Wayzata was formed in 2004 and is based in Wayzata, Minnesota.

DEAL STATS #
Overall 19 of 22
Sector (Leisure) 1 of 1
Type (Add-on Acquisition) 11 of 12
State (Nevada) 1 of 1
Country (United States) 19 of 22
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-27 Lazydays

Tampa, Florida, United States

Lazydays is an operator of a recreational vehicle company located on 126 acres outside Tampa, FL and also has regional dealerships in Tucson, AZ, and Loveland, Denver, and Longmont, CO. Lazydays has the largest selection of RV brands in the nation featuring more than 2,500 new and pre-owned RVs. Lazydays was founded in 1976 and is based in Tampa, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-31 Super Service

Grand Rapids, Michigan, United States

Super Service LLC is an operator of a trucking and logistics company that provides services across the continental United States. Super Service is based in Grand Rapids, Michigan.

Sell -
Mergr

Product

Company

Legal