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Golden Entertainment agrees to buy American Casino for $850m

by Released

Golden Entertainment has entered into a definitive agreement to acquire American Casino & Entertainment Properties for $850 million.

American Casino owns several properties in Las Vegas, which include the Stratosphere Casino, Hotel & Tower, Arizona Charlie’s Decatur, the Aquarius Casino Resort in Laughlin, and Arizona Charlie’s Boulder.

“This is a transformational event for our company, creating a significant gaming portfolio centered around Nevada-based casinos that, in addition to our Pahrump properties, will include two well-known Las Vegas locals casinos, a destination resort in Laughlin, and the iconic Stratosphere property on the Las Vegas Strip,” says Blake Sartini, chairman and CEO of Golden, in a statement.

Upon completion of the transaction, Golden will operate more than 15,800 slot machines, 114 table games and more than 5,100 hotel rooms across eight casino properties and almost 1,000 distributed gaming locations including the largest branded tavern portfolio in Nevada.

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