Originally published July 26, 2010 at 4:31 PM | Page modified July 26, 2010 at 4:33 PM
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Houston company buys Puget Sound minicasinos
Houston-based Nevada Gold & Casinos said Monday it completed the $11 million acquisition of six Puget Sound minicasinos from SeaTac to Everett.
Houston-based Nevada Gold & Casinos said Monday it completed the $11 million acquisition of six Puget Sound minicasinos from SeaTac to Everett.
The sale, arranged in U.S. Bankruptcy Court in Seattle, brings the number of Washington minicasinos owned by Nevada Gold to nine, more than any other operator.
The gambling halls had been owned by British Columbia-based Evergreen Gaming, which last year slid into the Canadian equivalent of Chapter 11. About half the purchase price is financed by the senior lender to Evergreen.
Nevada Gold acquired Silver Dollar minicasinos in SeaTac, Renton and Mill Creek, as well as Club Hollywood in Shoreline, the Royal Casino in Everett, and the Golden Nugget Casino in Tukwila. The company said it decided not to buy the Silver Dollar Tukwila "due to consistent losses."
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