Viva, Viva... Las Vegas
The Deal Nevada Gold & Casinos acquires the Club Fortune Casino in Henderson, Nevada for USD14.2m in cash and USD 1.2m shares of the Company's common stock, exclusive of working capital adjustments.
The Client Nevada Gold is actively seeking collaborations in owning, developing and managing gaming facilities, both domestically and internationally. Personal service is the hallmark of the Nevada Gold's style. The ultimate goal is to provide an extraordinary entertainment experience, while promoting growth and increased profitability for the facilities Nevada Gold owns and manages. Leadership focuses on re-aligning the company's assets, including divesting non-core assets and forming strategic partnerships for new gaming opportunities.
The Perspective The acquisition of Club Fortune will expand the geographic diversity of the Company, which upon closing will operate in Washington State, South Dakota and Nevada.