![]() He also added: “We anticipate our Distributed Gaming team members will continue to serve our route partners with the same dedication under J&J Gaming’s ownership. “The transaction will enable Golden to focus on its wholly-owned casinos and taverns.” “We believe this transaction will provide further success for our route partners through sharing of best practices and new technology. Purchased cash represents the sum inside the machines on the route.Ĭommenting on the agreement, Blake Sartini, Chairman and Chief Executive Officer of Golden Entertainment, said: “My company has built the distributed gaming model in Nevada and Montana over the past 20 years. Under this purchase agreement, J&J Gaming is required to pay $213.5 million plus an estimated $34 million in purchase money for the Nevada route and $109 million plus an estimated $5 million in purchase money for the Montana route. ![]() The agreement is predicted to close by the end of the year pending regulatory validation. The company will receive $322.5 million plus $39 million in estimated purchase money from J&J Ventures Gaming based in Effingham, Illinois for its Nevada and Montana slot routes. On Monday, March 6, Golden Entertainment, owner of PT’s Taverns Chain and The Strat headquartered in Las Vegas, reported that it is selling its distributed gaming business to J&J Ventures Gaming, an Illinois-based company.ĭistributed gaming includes slot machine routes where employees install, maintain and manage slots in taverns, bars, grocery stores, convenience stores and restaurants. ![]()
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