Golden Entertainment to Acquire Edgewater Hotel & Casino Resort and Colorado Belle Hotel & Casino Resort from Marnell Gaming

Golden Entertainment, Inc. | July 17, 2018

LAS VEGAS--Golden Entertainment, Inc. (NASDAQ: GDEN) ("Golden" or the "Company") today announced that it has entered into a definitive agreement with Marnell Gaming LLC, to acquire the Edgewater Hotel & Casino Resort and the Colorado Belle Hotel & Casino Resort in Laughlin, Nevada. The purchase price will be based on an 8.0x multiple of the combined trailing twelve months adjusted EBITDA of both properties as of November 2018, with a minimum price of $168 million and a maximum price of $190 million. Including expected cost synergies and cash acquired, the purchase price is expected to represent an implied trailing twelve months ...