<\/p>\n
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.<\/p>\n
The deal, which closed Thursday, marks the end of Golden\u2019s 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.<\/p>\n
As part of the agreement, Vici Properties acquired the real estate assets tied to seven of Golden\u2019s 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\u2019s-branded tavern properties going forward.<\/p>\n
\u201cReturning to private family ownership means we can focus on running our operations without the distractions of being publicly traded, while continuing to deliver an exceptional guest experience across all of our casino properties and taverns,\u201d Sartini said in a statement.<\/p>\n
Thursday\u2019s announcement confirms the completion of a deal first announced in November, when Golden announced plans to go private through a deal combining Sartini\u2019s acquisition of the operating business with Vici\u2019s purchase of several of Golden\u2019s real estate holdings.<\/p>\n
Shareholders overwhelmingly approved the move during a special meeting earlier this year. According to a Form 8-K filing, investors voted 20,430,245 to 208,131, with 20,158 abstentions, to adopt the master transaction agreement, representing nearly 78 percent of the company\u2019s outstanding shares.<\/p>\n
Under the transaction terms, Vici acquired the underlying real estate for The Strat, both Arizona Charlie\u2019s casinos in Las Vegas, the Aquarius and Edgewater in Laughlin, and the Pahrump Nugget. The real estate portion of the deal was valued at roughly $1.16 billion.<\/p>\n
Vici will lease those properties back to Sartini\u2019s operating company under a 30-year triple-net master lease with an initial annual rent payment of $87 million. Rent increases of 2 percent annually begin in the third year of the agreement.<\/p>\n
Golden\u2019s move to go private had already cleared major regulatory hurdles. In mid-April, the Nevada Gaming Control Board unanimously recommended approval of the necessary licensing, suitability and ownership transfers after a 70-minute hearing in Carson City. The Nevada Gaming Commission gave final approvals on April 23.<\/p>\n
During the GCB hearing, Sartini told regulators the transaction would sharpen Golden\u2019s focus on Southern Nevada, where the company operates its hotel-casinos and the state\u2019s largest tavern network, with more than 70 PT\u2019s pubs.<\/p>\n
\u201cWe intentionally reset in Southern Nevada,\u201d he said at the meeting. \u201cI\u2019m a big proponent of being able to drive and visit, touch our properties on a daily basis.\u201d<\/p>\n
He described the Las Vegas Valley\u2019s economy as stable to strong, crediting population growth, construction activity and business diversification. While acknowledging a \u201cdisconnect\u201d between lower visitation and rising gaming revenue on the Strip, Sartini said the local market has proven resilient and less dependent on Strip trends than in the past.<\/p>\n
Golden emphasized that the deal\u2019s completion does not alter its day-to-day operations. The company will continue managing its full portfolio of casino resorts and taverns, including PT\u2019s, Sierra Gold and Sean Patrick\u2019s locations.<\/p>\n
Contact David Danzis at ddanzis@reviewjournal.com or 702-383-0378. Follow @AC2Vegas_Danzis on X.<\/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 www.reviewjournal.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":" 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\u2019s tenure as a publicly traded company. Shareholders received $2.75 cash […]<\/p>\n","protected":false},"author":2,"featured_media":2396934,"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-2397364","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\/Golden-Entertainment-Vici-complete-116-billion-sale-leaseback-deal.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2397364","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=2397364"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2397364\/revisions"}],"predecessor-version":[{"id":2397365,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2397364\/revisions\/2397365"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2396934"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2397364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2397364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2397364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}