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US: Golden Gaming merger gets final Nevada regulatory approval

By  |  July 23, 2015

Golden Gaming, the company behind the PT’s tavern chain, three Pahrump casinos and many of the slot machines inside Nevada grocery stores, will soon become a publicly traded business that also controls a property in Maryland.

The Nevada Gaming Commission today gave final approval to the merger of Golden Gaming and Lakes Entertainment, a Minnesota-based company that owns Maryland’s Rocky Gap casino. The merger, first announced in January, was approved by the state Gaming Control Board earlier this month.

When the two businesses are merged, the combined company will be known as Golden Entertainment, and it will be traded on the Nasdaq. Golden Gaming said when the merger first came to light that it would pay $9.57 per share of Lakes — a 37 percent premium — and receive about 7.8 million shares of Lakes stock, about 35.7 percent of the post-merger shares.

Full content: Las Vegas Review Journal

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