GOLDEN ENTERTAINM. DL-,01

Golden Entertainment completed its conversion into a privately held family company on April 30. Shareholders received $2.75 in cash plus 0.902 VICI shares for each Golden share; VICI acquired the real estate of seven casino resorts and entered into a triple-net master lease with entities controlled by Blake L. Sartini. Golden Entertainment remains the operator of its portfolio of casinos and taverns, and the transaction was advised by lawyers from Greenberg Traurig. » Plus sur de.investing.com

Golden Entertainment sold its operating assets, formed New HoldCo and New OpCo, sold New OpCo to Argento and then merged New HoldCo with a subsidiary of VICI Properties. New HoldCo paid a special dividend of $2.75 per share, and each New HoldCo share was converted into the right to 0.902 VICI shares (cash settlement for fractional shares). All obligations under the First Lien Credit Agreement were satisfied, outstanding stock-based compensation was settled as fully vested, and the board and certain executives, including Blake L. Sartini, resigned; Sartini will receive a contractually specified severance. The company applied to suspend trading and delist from NASDAQ, intends to terminate its registration and suspend SEC reporting obligations; VICI is advancing the acquisition of seven casino properties totaling $1.16 billion. » Plus sur de.investing.com

Shareholders of Golden Entertainment approved a framework transaction agreement with Blake L. Sartini, affiliated companies and VICI Properties. Closing is expected in the second quarter of 2026 and is subject to regulatory approvals and customary closing conditions; upon completion the company will be delisted and deregistered from NASDAQ. The stock is rated undervalued by InvestingPro; Golden operates several casinos in Nevada and was not profitable over the past twelve months, but analysts expect a return to profitability. » Plus sur de.investing.com