SEARCH NEWS:

 

Herbst Gaming acquires Sands Regent

LAS VEGAS, Nevada -– (PRESS RELEASE) -- Herbst Gaming, Inc. (the "Company") today announced that the Company has completed the acquisition of The Sands Regent, paying approximately $119 million in cash for the outstanding securities of The Sands Regent.

On May 16, 2006, the Company entered into an agreement to acquire The Sands Regent, pursuant to which The Sands Regent's shareholders received $15.00 per share in cash. The Sands Regent operates casinos and tourist-based facilities, including Rail City Casino in Sparks, Nevada; the Sands Regency Casino Hotel in downtown Reno, Nevada; the Gold Ranch Casino and RV Resort in Verdi Nevada and, Depot Casino and Red Hawk Sports Bar in Dayton, Nevada.

< Gaming News