{"id":11257,"date":"2017-06-12T10:49:14","date_gmt":"2017-06-12T17:49:14","guid":{"rendered":"http:\/\/lasvegasbuffetclub.com\/blog\/?p=11257"},"modified":"2017-06-12T10:53:09","modified_gmt":"2017-06-12T17:53:09","slug":"owner-of-pts-pubs-to-buy-stratosphere-3-other-nevada-casinos","status":"publish","type":"post","link":"https:\/\/lasvegasbuffetclub.com\/blog\/?p=11257","title":{"rendered":"Owner of PT\u2019s Pubs to buy Stratosphere, 3 other Nevada casinos"},"content":{"rendered":"<a class=\"synved-social-button synved-social-button-share synved-social-size-32 synved-social-resolution-single synved-social-provider-facebook nolightbox\" data-provider=\"facebook\" target=\"_blank\" rel=\"nofollow\" title=\"Share on Facebook\" href=\"http:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Flasvegasbuffetclub.com%2Fblog%2Findex.php%3Frest_route%3D%252Fwp%252Fv2%252Fposts%252F11257&#038;t=Owner%20of%20PT%E2%80%99s%20Pubs%20to%20buy%20Stratosphere%2C%203%20other%20Nevada%20casinos&#038;s=100&#038;p&#091;url&#093;=https%3A%2F%2Flasvegasbuffetclub.com%2Fblog%2Findex.php%3Frest_route%3D%252Fwp%252Fv2%252Fposts%252F11257&#038;p&#091;images&#093;&#091;0&#093;=https%3A%2F%2Fwww.reviewjournal.com%2Fwp-content%2Fuploads%2F2017%2F06%2F8714893_web1_stratosphere1_web.jpg&#038;p&#091;title&#093;=Owner%20of%20PT%E2%80%99s%20Pubs%20to%20buy%20Stratosphere%2C%203%20other%20Nevada%20casinos\" style=\"font-size: 0px; 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width:32px;height:32px; margin: 0; padding: 0; border: none; box-shadow: none;\" src=\"https:\/\/lasvegasbuffetclub.com\/blog\/wp-content\/plugins\/social-media-feather\/synved-social\/image\/social\/regular\/64x64\/mail.png\" \/><\/a><a class=\"synved-social-credit\" target=\"_blank\" rel=\"nofollow\" title=\"WordPress Social Media Feather\" href=\"http:\/\/synved.com\/wordpress-social-media-feather\/\" style=\"color:#444; text-decoration:none; font-size:8px; margin-left:5px;vertical-align:10px;white-space:nowrap;\"><span>by <\/span><img style=\"display: inline;margin:0;padding:0;width:16px;height:16px;\" width=\"16\" height=\"16\" alt=\"feather\" src=\"https:\/\/lasvegasbuffetclub.com\/blog\/wp-content\/plugins\/social-media-feather\/synved-social\/image\/icon.png\" \/><\/a><figure style=\"width: 1050px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" class=\"\" src=\"https:\/\/www.reviewjournal.com\/wp-content\/uploads\/2017\/06\/8714893_web1_stratosphere1_web.jpg\" alt=\"Golden Entertainment, operators of the PT\u2019s Pubs chain in Southern Nevada, is acquiring a company that owns four Nevada casinos, including the Stratosphere. (Jeff Scheid\/Las Vegas Review-Journal ...Golden Entertainment, operators of the PT\u2019s Pubs chain in Southern Nevada, is acquiring a company that owns four Nevada casinos, including the Stratosphere. (Jeff Scheid\/Las Vegas Review-Journal) @jlscheid\" width=\"1050\" height=\"700\" \/><figcaption class=\"wp-caption-text\">Golden Entertainment, operators of the PT\u2019s Pubs chain in Southern Nevada, is acquiring a company that owns four Nevada casinos, including the Stratosphere. (Jeff Scheid\/Las Vegas Review-Journal &#8230;Golden Entertainment, operators of the PT\u2019s Pubs chain in Southern Nevada, is acquiring a company that owns four Nevada casinos, including the Stratosphere. (Jeff Scheid\/Las Vegas Review-Journal) @jlscheid<\/figcaption><\/figure>\n<div class=\"rj-field-byline\">By Richard N. Velotta Las Vegas Review-Journal<\/div>\n<div class=\"rj-field-published-time\">June 12, 2017 &#8211; 8:01 am<\/div>\n<div class=\"rj-field-published-time\">*<br \/>\n <script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- LVBC BLOG RESPONSIVE -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-3305383693358973\"\r\n     data-ad-slot=\"8378569513\"\r\n     data-ad-format=\"auto\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<div class=\"rj-field-published-time\"><\/div>\n<div class=\"rj-field-published-time\">\n<p>Golden Entertainment, operators of the PT\u2019s Pubs chain in Southern Nevada, is acquiring a company that owns four Nevada casinos, including the iconic Stratosphere Casino Hotel &amp; Tower, for $850 million.<\/p>\n<p>The deal with American Casino &amp; Entertainment Properties also includes two Arizona Charlie\u2019s properties in Las Vegas as well as the Aquarius in Laughlin.<\/p>\n<p>The transaction, announced early Monday, will include $781 million in cash and about 4 million shares of Golden stock issued to the four casinos\u2019 current owner, Whitehall Street Real Estate Partners 2007, a real estate equity fund managed by the Merchant Banking Division of Goldman Sachs.<\/p>\n<p>*<br \/>\n <script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- LVBC BLOG RESPONSIVE -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-3305383693358973\"\r\n     data-ad-slot=\"8378569513\"\r\n     data-ad-format=\"auto\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/p>\n<p>It isn\u2019t Golden\u2019s first venture into casino operations. The company operates the Pahrump Nugget, Lakeside and Gold Town in Pahrump and the Rocky Gap Casino Resort in Flintstone, Maryland.<\/p>\n<p>In addition to those properties, Golden operates slot routes with more than 12,000 machines in Nevada and Montana.<\/p>\n<p>Golden is best known in Southern Nevada for its dominance of the local tavern market, operating more than 50 locations under six brands \u2014 PT\u2019s Gold, PT\u2019s Brewing, PT\u2019s Ranch, Sean Patrick\u2019s Pub &amp; Grill, Sierra Gold and SG Bar \u2014 through its PT\u2019s Entertainment Group.<\/p>\n<p>*<br \/>\n <script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- LVBC BLOG RESPONSIVE -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-3305383693358973\"\r\n     data-ad-slot=\"8378569513\"\r\n     data-ad-format=\"auto\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/p>\n<p>\u201cThis is a transformational event for our company, creating a significant gaming portfolio centered around Nevada-based casinos that, in addition to our Pahrump properties, will include two well-known Las Vegas locals casinos, a destination resort in Laughlin and the iconic <a href=\"http:\/\/www.hotels.vegas\/Las-Vegas-Hotels\/Stratosphere-Tower\" target=\"_blank\">Stratosphere<\/a> property on the <a href=\"http:\/\/www.deals.vegas\/\" target=\"_blank\">Las Vegas Strip,\u201d<\/a> Golden Chairman and CEO Blake Sartini said in a release announcing the transaction.<\/p>\n<p>The biggest part of the transaction, literally and figuratively, is the 2,427-room Stratosphere and its 1,149-foot tower, the tallest free-standing observation facility in the United States. The site, technically, is just off the Strip within the Las Vegas city limits <a href=\"https:\/\/www.reviewjournal.com\/business\/casinos-gaming\/owner-of-pts-pubs-to-buy-stratosphere-3-other-nevada-casinos\/\">read more&#8230;<\/a><\/p>\n<p><a href=\"http:\/\/lasvegasbuffetclub.com\">lasvegasbuffetclub.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Owner of PT\u2019s Pubs to buy Stratosphere, 3 other Nevada casinos<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[1728,1727,1729,1726,1730,1725],"_links":{"self":[{"href":"https:\/\/lasvegasbuffetclub.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/11257"}],"collection":[{"href":"https:\/\/lasvegasbuffetclub.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lasvegasbuffetclub.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lasvegasbuffetclub.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lasvegasbuffetclub.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11257"}],"version-history":[{"count":8,"href":"https:\/\/lasvegasbuffetclub.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/11257\/revisions"}],"predecessor-version":[{"id":11266,"href":"https:\/\/lasvegasbuffetclub.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/11257\/revisions\/11266"}],"wp:attachment":[{"href":"https:\/\/lasvegasbuffetclub.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lasvegasbuffetclub.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lasvegasbuffetclub.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}