The acquisition is subject to customary closing conditions
Nevada Gold receives South Dakota gaming license
2012-01-25
Reading time 33 seg
(US).- Nevada Gold & Casinos announced that it has received approval for its state gaming license from the South Dakota Commission on Gaming. "We continue to believe that the acquisition of AG Trucano is a very attractive opportunity for Nevada Gold. This approval is one of the final steps before closing our pending acquisition," said Robert Sturges, CEO of Nevada Gold.
"We are delighted to have received approval from the South Dakota Commission on Gaming and appreciate the efforts of the Commission in the timely evaluation of our application," Sturges added.
On October 18, 2011, the company announced that it had signed an agreement to purchase AG Trucano, Son & Grandsons, a slot route operator comprised of more than 900 slots based in Deadwood, South Dakota, for us$ 5.2 million. Closing of the acquisition is subject to customary closing conditions.
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