Nevada Gold to purchase tenth mini-casino in Washington
Upon closing of this transaction Nevada Gold will own and operate the only two mini-casinos currently operating in Mountlake Terrace.
"This is an attractive acquisition opportunity that includes many of the attributes found in our previous Washington mini-casino purchases. This acquisition will build on the success of our existing Mountlake Terrace mini-casino and will be integrated seamlessly, with no significant additional overhead expense, into our excellent management infrastructure in Washington. We expect to reenergize the operation of this facility and apply some of the same management techniques and strategies that are driving very positive results at the other mini-casinos we acquired," said Robert Sturges, CEO of Nevada Gold.
Closing of the acquisition is subject to customary closing conditions, including licensing and necessary approvals among other conditions. Details of the transaction will be available in the Form 8-K to be filed by the company later this week.
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