<\/p>\n
Golden Entertainment Inc., the parent company of Pahrump Nugget Hotel & Casino, Gold Town Casino and Lakeside Casino & RV Park, is one step closer to transitioning from a public company to private operation last week following a unanimous vote of the Nevada Gaming Control Board.<\/p>\n
Board members recommended a series of suitability, transfer and licensing measures for Golden and top executive Blake Sartini and the deregistration of Golden as a publicly traded corporation after a 70-minute hearing.<\/p>\n
The Nevada Gaming Commission will consider final approval at its April 23 meeting.<\/p>\n
Meeting in Carson City, Sartini said the future focus of Golden is expected to continue in Southern Nevada.<\/p>\n
\u201cWe intentionally reset in Southern Nevada,\u201d Sartini said. \u201cI\u2019m a big proponent of being able to drive and visit, touch our properties on a daily basis. And when we were spread out from Maryland to Montana to Northern Nevada and Southern Nevada, that\u2019s taxing on a management team. It\u2019s uncomfortable for me being an operator, which is where I initially started, not being able to be on those properties every day and being able to drive your car from your home to your property, I think is a huge advantage.\u201d<\/p>\n
Sartini said he would \u201cnever say never\u201d to expanding outside Nevada\u2019s borders \u201cbut I think we are pretty focused on Southern Nevada in particular and Nevada as to where we would continue to plant our flag in terms of growth.\u201d<\/p>\n
Golden partners with Vici Properties Inc., a real estate investment trust that serves as a landlord on the land beneath the properties and collects rent through a master agreement. Sartini explained that the partnership agreement enables Golden to keep rent payments constant.<\/p>\n
Board member George Assad asked Sartini to assess the current locals and tourism market and give his view on why visitation numbers are down while gross gaming revenue is up.<\/p>\n
\u201cThere is a dynamic occurring, which you see the numbers publicly now, that fewer people are coming to Las Vegas but spending more,\u201d he said. \u201cThere\u2019s a bit of a disconnect there. And I think maybe the expectation is when the Strip gets a cough, the local markets get a cold.<\/p>\n
He views the local market as resilient and no longer as reliant on the Strip as it once was.<\/p>\n
\u201cI think there are some remnants of what\u2019s occurring on the Strip that do bleed over into the locals here and there,\u201d he said. \u201cBut generally speaking, I would say the local economy is not only stable, but I might dare say consistent to strong, given what\u2019s going on in the rest of the gaming community.\u201d<\/p>\n
Assad said he was happy that Golden is going private and it\u2019ll give the company better opportunities over time.<\/p>\n
\u201cAs far as you wanting to go private, I don\u2019t blame you,\u201d Assad said. \u201cI think it\u2019s a great idea. You don\u2019t have to deal with 10Ks, quarterly reports, Wall Street breathing down your neck, looking for prognosis in terms of which type of growth and numbers you\u2019re going to be projecting forward. It\u2019s just basically taking the yoke around your neck and getting rid of it.\u201d<\/p>\n
Contact Richard N. Velotta at <\/em>rvelotta@reviewjournal.com<\/a><\/em> or 702-477-3893. Follow <\/em>@RickVelotta<\/a><\/em> on X.<\/em><\/p>\n<\/p><\/div>\n \u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n \u2018 Some details of this article were extracted from the following source pvtimes.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Golden Entertainment Inc., the parent company of Pahrump Nugget Hotel & Casino, Gold Town Casino and Lakeside Casino & RV Park, is one step closer to transitioning from a public company to private operation last week following a unanimous vote of the Nevada Gaming Control Board. Board members recommended a series of suitability, transfer and […]<\/p>\n","protected":false},"author":2,"featured_media":2374306,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25172],"tags":[],"class_list":["post-2374305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2026\/04\/1776257348_Golden-Entertainment-takes-next-step-toward-deregistration-as-a-public.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2374305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=2374305"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2374305\/revisions"}],"predecessor-version":[{"id":2374307,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2374305\/revisions\/2374307"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2374306"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2374305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2374305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2374305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}