Golden Entertainment Buys American Casino and Entertainment, Adding Stratosphere in vegas to Gaming Portfolio

Golden Entertainment Buys American Casino and Entertainment, Adding Stratosphere in vegas to Gaming Portfolio

Las Vegas-based gaming distributor and casino conglomerate Golden Entertainment is adding to its holdings, the company announced on Monday. Stratosphere owner American Casino and Entertainment is being snapped up by Golden for an $850 million price tag, which includes $781 million on the dining table in cash, plus four million stocks of the new owner’s shares right back to the seller.

The Stratosphere has an owner that is new after Golden Entertainment bought the property along with three other resorts for $850 million in money and stock.

After the deal is completed, Golden Entertainment will own eight casino resorts in total, with the best-known coming into the sale through the Stratosphere, which stands 1,149 legs high at the far north end of the nevada Strip.

Created in Taverns and Supermarkets

The business’s other gaming properties have been in Pahrump, Nevada and Flintstone, Maryland. Also in Golden’s pre-existing portfolio are PT’s Entertainment Group and its more than 50 Nevada-based taverns with gaming, along with the profitable lock on one of the gaming device distribution companies that are largest in the united states, which brings slot machines to nearly 1,000 supermarkets in Nevada and Montana.

Upon completion of the transaction, Golden Entertainment will operate 15,800 slots, 114 dining table games, and over 5,100 hotel spaces in Nevada. Traded o

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Miami Beach Pushes Back Against Casinos, Approves Two Ordinances to Block Gambling

Miami Beach Pushes Back Against Casinos, Approves Two Ordinances to Block Gambling

Miami Beach will probably make it extremely hard for a casino to take a foothold in the seaside island city. Late the other day in a special meeting, the city payment voted unanimously in favor of two ordinances that would ban all future efforts to get gambling into Miami Beach.

Miami Beach won’t be welcoming a casino to its shores anytime soon, as new town ordinances will block gambling projects from moving ahead.

The state senate’s consideration of expanding gambling and authorizing commercial casinos in South Florida has spurred local governments towards taking their own proactive measures though politicians in Tallahassee failed to reach a new gaming compact with the powerful Seminole Tribe during the 2017 legislative calendar.

Miami Beach first voted in early May to discuss adopting new land-use regulations that bar gambling venues within town restrictions. May 13, the commission ratified two ‘future land use element’ chapters that mandate that ‘All casino and gambling operations … are hereby forbidden in every land usage category within the City of Miami Beach.’

No Miami (Beach) Vice

Miami Beach is famed for the Art Deco roads, scantily-attired sunbathers, and nightlife that is flashy. However when it involves gambling, it’s no dice for South Beach residents and site visitors.

The commission cited several reasons for voting to block future gambling projects from taking hold in a

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FBI Nabs Russian Mob that Hacked Casino Slots and Stole Five Tons of Chocolate

FBI Nabs Russian Mob that Hacked Casino Slots and Stole Five Tons of Chocolate

A gang of sweet-toothed, casino slot-machine-hacking Russian mobsters was busted by the FBI in New York on Wednesday, its members charged with running a crime empire that is sprawling.

The Russian criminal gang arrested in ny was behind a ‘dizzying array of criminal schemes’ including the theft and trafficking of more than five a great deal of chocolate.

The outfit allegedly engaged in racketeering, narcotics, firearms offenses and murder-for-hire, as well as the theft and trafficking of over five tons of illegal chocolate into the United States, according to the indictment in addition to casino fraud.

Thirty-three alleged members of the so-called ‘Shulaya Enterprise’ are actually under arrest, as part of an investigation that is joint the FBI, Customs and Border Protection, as well as the New York Police Department. Almost all were detained in the Brooklyn area.

‘The dizzying array of unlawful schemes committed by this organized criminal activity syndicate allegedly come with a murder-for-hire conspiracy, a plot to rob victims by seducing and drugging these with chloroform, the theft of cargo shipments containing over 10,000 pounds of chocolate, and a fraud on casino slots using electronic hacking devices,’ said Acting Manhattan US Attorney Joon Kim.

Illegal Poker Den

According to the indictment, Razhden Shulaya, 40, of New Jersey, and Zurab Dzhanashvili, 37, of Brooklyn, the alleged ringleader

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