Nevada Gold & Casinos announces merger agreement

18 September 2018

(PRESS RELEASE) -- Nevada Gold & Casinos, Inc. today announced the signing of a definitive merger agreement with Maverick Casinos, LLC (“Maverick”). Under the terms of the merger agreement, Maverick will acquire all of the outstanding shares of the company’s common stock for $2.50 per share in cash, subject to certain minor adjustments. The transaction will result in the Company becoming a private company.

The Manager of Maverick is Eric Persson. An affiliate of Maverick owns the Wendover Nugget Hotel & Casino and Red Garter Hotel and Casino in Wendover, Nevada, along with various other assets.

Maverick intends to fund the transaction primarily with debt financing from Nevada State Bank plus equity financing from Maverick. The transaction is not subject to a financing condition.

William Sherlock, Chairman of Nevada Gold, said, “Our goal was to obtain the highest value in a sale of the Company. We believe the transaction announced today achieves our objective and provides immediate cash consideration for our shareholders.”

The transaction is subject to approval of a majority of the shareholders of Nevada Gold, the approval of applicable gaming authorities, completion of the sale of the Company’s Club Fortune casino in Henderson, Nevada, which is under contract, and other customary closing conditions. The companies expect the transaction to close by the end of 2018.

The Company’s Board of Directors has unanimously approved the merger agreement.

Related Links
Wendover Nugget Hotel & Casino Details
Red Garter Hotel and Casino Details

Featured Vendors
Castle Merchandising Inc
Bar Maid Corporation
Castle Merchandising Inc
Brand Name Products for your Player Rewards and Loyalty Programs
Bar Maid Corporation
Clean and dry thousands of chips, dice and tiles per hour with the high-speed CHIP CHAMPION machine!
Slot-Tickets Worldwide
Casino Schedule Ease
Slot-Tickets Worldwide
Slot-Tickets® Worldwide, The Original and Still the Best.
Casino Schedule Ease
Get a 90-Day Free Trial of 100% contactless, customizable table game & full casino scheduling
Elite Gaming USA
Betson Imperial Parts & Service
Elite Gaming USA
Provides a diverse inventory of refurbished gaming equipment and supplies from top manufacturers
Betson Imperial Parts & Service
You one stop shop for all your gaming and OEM needs!
Gaming Tickets, Inc.
Sunkist Graphics, Inc.
Gaming Tickets, Inc.
35 years in the gaming industry - premium quality slot tickets, lottery tickets on time under budget
Sunkist Graphics, Inc.
Specializing in the creation of best-of-breed gaming graphics - slot glass, sign faces, and more
Rymax Marketing Services, Inc.
Breathe Easy with Smokefree Casinos- a project of the American Nonsmokers’ Rights Foundation
Rymax Marketing Services, Inc.
Leader in creating award winning player & employee loyalty programs & events proven to increase ROI
Breathe Easy with Smokefree Casinos- a project of the American Nonsmokers’ Rights Foundation
Breathe easier during COVID-19. We can help you reopen smokefree for everyone’s health.
TribalHub
Slot Machines Unlimited
TribalHub
21st Annual TribalNet Conference & Tradeshow Nov 9-12, 2020 Gaylord Texan Resort, Grapevine TX
Slot Machines Unlimited
Exporter of IGT, Williams, AVP, Trimline, Aristocrat, Konami, Bally, & parts over 20 yrs experience
Casino Essentials
Casino Essentials
The Ultimate Online Training Platform for the Casino Industry


Your Guide to 15,738 Gaming Industry Suppliers