Source link : https://las-vegas-news.com/golden-entertainment-shifts-to-family-ownership-coo-blake-sartini-ii-eyes-better-service-for-southern-nevada-customers/
Golden Entertainment casino exec says ‘family-owned’ business will better serve customers – Image for illustrative purposes only (Image credits: Unsplash)
Las Vegas – Neighborhood casino regulars and tavern-goers in Southern Nevada could soon notice a sharper focus on their preferences. Golden Entertainment completed its return to private, family-owned operations on April 30, 2026, a strategic pivot its Executive Vice President and Chief Operating Officer Blake Sartini II called the best approach to serve local customers.[1][2] Many of the company’s loyal patrons hail from the region, where Golden runs a robust network of gaming venues tailored to everyday players rather than high-rollers.
A Strategic Transaction Closes the Chapter
The deal marked the culmination of months of planning. Golden Entertainment sold its operating assets to entities controlled by Chairman and CEO Blake L. Sartini and its real estate for seven key casino resorts to VICI Properties Inc.[1] Shareholders received a $2.75 cash dividend and 0.902 shares of VICI stock per Golden share, providing substantial returns as the company delisted from public markets.[3]
VICI acquired the properties in a $1.16 billion sale-leaseback arrangement. Golden now operates under a 30-year triple-net master lease with an initial annual rent of $87 million, escalating by 2 percent starting in the third year.[2] This structure freed the Sartini family to steer the business without quarterly earnings scrutiny,…
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Author : nvm_admin
Publish date : 2026-05-05 13:35:00
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