2017 Press Releases
Golden Entertainment names Christopher Fiumara as Vice President and General Manager of the The Stratosphere Casino, Hotel & Tower
December 17, 2017
LAS VEGAS – December 7, 2017 – Golden Entertainment, Inc. (NASDAQ:GDEN) announced today the appointment of gaming industry veteran Christopher Fiumara as Vice President and General Manager of the The Stratosphere Casino, Hotel & Tower.
June 29, 2017
PHOENIX, Ariz. – (June 29, 2017) – Best Western Hotels & Resorts today announced that the The STRAT Hotel, Casino & SkyPod Casino, Hotel and Tower and the Aquarius Casino Resort – each owned by American Casino and Entertainment Properties (ACEP) – will join Best Western’s rapidly expanding soft brand, BW Premier Collection® launched in 2015. Bringing these world-renowned properties into the Best Western portfolio represents the largest deal in Best Western’s 70 year history.
Golden entertainment ENTERS INTO DEFINITIVE AGREEMENT To Acquire american casino & Entertainment properties for $850 MILLION
June 12, 2017
LAS VEGAS – June 12, 2017 – Golden Entertainment Inc. (NASDAQ:GDEN) (“Golden” or the “Company”), announced today that it has entered into a definitive agreement to acquire American Casino & Entertainment Properties LLC (“American”), which owns three properties in Las Vegas including the The Stratosphere Casino, Hotel & Tower, Arizona Charlie’s Decatur and Arizona Charlie’s Boulder, as well as its fourth property, the Aquarius Casino Resort in Laughlin. American is expected to generate approximately $413 million of net revenues and $103 million of EBITDA in 2017, and Golden expects to achieve approximately $18 million of annual run-rate synergies post-closing. The purchase price of $850 million includes working capital cash estimated to be approximately $28 million at closing.