PT’s Owner Golden Entertainment Intends To Sell Slot Routes; To Concentrate On Bars, Casinos
On Monday, March 6, Golden Entertainment, owner of PT’s Taverns Chain and The Strat headquartered in Las Vegas, reported that it is selling its distributed gaming business to J&J Ventures Gaming, an Illinois-based company.
Distributed gaming includes slot machine routes where employees install, maintain and manage slots in taverns, bars, grocery stores, convenience stores and restaurants.
Purchase contract:
The company will receive $322.5 million plus $39 million in estimated purchase money from J&J Ventures Gaming based in Effingham, Illinois for its Nevada and Montana slot routes.
The agreement is predicted to close by the end of the year pending regulatory validation.
Under this purchase agreement, J&J Gaming is require…