The $114m deal, first announced in March, includes Golden Entertainment’s Distributed Gaming Operations all through the state. These embrace its video gaming terminals, which it traditionally operated at over 1,000 areas in Nevada and Montana.

For its video terminal enterprise in Montana, Golden obtained an combination money consideration of $109m, in addition to $5m in bought money, for a $114m whole.

As a part of the deal, J&J additionally agreed to provide the video terminals to Golden Entertainment’s taverns in Nevada for a five-year interval.  

In addition, Golden Entertainment agreed to promote its Nevada video terminal operations to J&J for $247.5m. According to the operator, this deal stays pending.

This latest bout of M&A builds on high of final 12 months’s exercise. In August 2022, Golden Entertainment agreed to promote the land and buildings of its Rocky Gap Casino Resort in Maryland to actual property funding belief Vici Properties for $203.9m. This deal was accomplished in July 2023.

In addition, it offered the on line casino’s working belongings to Century Casinos for $56.1m, for a complete deal value $260m.

Will Golden Entertainment interact in additional M&A?

In its Q2 monetary report, chief monetary officer Charles Protell stated the enterprise would possibly contemplate buying new companies with its new sources.

He stated targets would must be within the west and be casinos of a significant dimension that would create synergies with its present portfolio.

While Protell admitted it is a “fairly narrow lens” to take a look at acquisitions, he stated any deal can be weighed in opposition to simply shopping for Golden Entertainment inventory.