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Golden Entertainment, Inc. is an American gaming company based in Enterprise, Nevada that operates casinos and taverns. It was formed in 2015 by the merger of Golden Gaming (founded in 2001 by Blake Sartini ) and Lakes Entertainment .
Golden Gaming head Blake Sartini would own 35% of the company and serve as its chief executive officer, while Lakes head Lyle Berman would be a board member and consultant. [17] In preparation for the merger, Lakes sold its 10 percent interest in Rock Ohio Ventures , which owns five casinos and racetracks in Ohio and Kentucky. [ 18 ]
Golden Entertainment owns and operates a diversified portfolio of gaming and hospitality assets, including eight casinos and more than 70 gaming taverns in Nevada with more than 5,400 employees, 5,600 slots, 100 table games, and 6,000 hotel rooms in operation.
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It was purchased by Golden Entertainment in October 2017 for $850 million. [1] ACEP was a casino holding company headquartered at the Stratosphere Las Vegas . [ 2 ] [ 3 ] ACEP was a wholly owned subsidiary of American Real Estate Partners before it was sold to Whitehall Street Real Estate Funds, an investment arm of Goldman Sachs , in February ...
The company was seeing solid progress in mobile gaming, and was strengthening its online gaming portfolio at the same time. Hence, it is not surprising to see This Dividend-Paying Gaming Stock Is ...