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Golden Entertainment completes sale of Montana distributed gaming operations14 September 2023(PRESS RELEASE) -- Golden Entertainment, Inc. announced that it completed the previously disclosed sale of its distributed gaming operations in Montana to J&J Ventures Gaming, LLC. Pursuant to the terms of the purchase agreement entered into among Golden Entertainment, J&J Gaming and the other parties thereto, J&J Gaming acquired Golden Entertainment’s Montana Distributed Gaming Operations for aggregate cash consideration of approximately $109 million, subject to customary working capital adjustments, plus purchased cash (comprised of cash and cash equivalents related to such operations at the time of closing) of approximately $5 million. The Company’s previously disclosed sale of its Nevada distributed gaming operations to J&J Gaming remains pending, subject to satisfaction of customary closing conditions, including receipt of gaming regulatory approvals. Latham & Watkins LLP acted as a legal counsel to Golden Entertainment in connection with this transaction. |