Golden Entertainment goes private through a $1.16 billion sale-leaseback with VICI Properties, shifting focus to regional growth and internal strategy.
Las Vegas-based Golden Entertainment has completed its transition from a publicly traded entity back to a private, family-owned business. The transition was finalized through a $1.16 billion sale-leaseback agreement with real estate investment trust VICI Properties, which included the transfer of ownership of several Nevada casino properties. Under the 30-year lease agreement, VICI will receive $87 million in annual rent, with annual escalations of 2 percent beginning in the third year. VICI also assumed $426 million in Golden's debt.
Following the deal, Golden retains operations for over 5,500 slot machines, 80 table games, and 6,000 hotel rooms across 73 taverns and seven casinos. The company, led by the Sartini family, intends to leverage its newfound private status to pursue regional expansion, with specific interest in potential developments in Northern Nevada and rural areas. Notable plans include future redevelopment efforts for the currently closed Colorado Belle in Laughlin, where Golden controls 22 acres of riverfront land.
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