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Strat operator, Vici complete $1.16 billion sale, leaseback deal

Las Vegas Review-Journal·David Danzis·about 1 month ago
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Las Vegas-based Golden Entertainment has officially completed its transition to a private, family-owned operation following the closing of a transaction between chairman and CEO Blake L. Sartini and real estate investment trust Vici Properties Inc. The deal, which closed Thursday, marks the end of Golden’s tenure as a publicly traded company. Shareholders received $2.75 cash dividend and 0.902 shares of Vici stock for each share of Golden stock they owned, the company said in a news release. As part of the agreement, Vici Properties acquired the real estate assets tied to seven of Golden’s casino resorts and entered into a long-term triple-net master lease with entities controlled by Sartini. Golden will continue to operate all of its casino and PT’s-branded tavern properties going forward.…

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