When the deal closes by the end of 2017, Golden will operate more than 15,800 slot machines, 114 table games and more than 5,100 hotel rooms across eight casino properties and almost 1,000 distributed gaming locations, including the largest branded tavern portfolio in Nevada.
When the transaction is complete, Whitehall will control about 15 percent of Golden’s stock.
Golden is best-known in Southern Nevada for its dominance of the local tavern market, operating 56 locations under six brands — PT’s Gold, PT’s Brewing, PT’s Ranch, Sean Patrick’s Pub & Grill, Sierra Gold and SG Bar — through its PT’s Entertainment Group.
The biggest part of the transaction, literally and figuratively, is the 2,427-room Stratosphere and its 1,149-foot tower, the tallest freestanding observation facility in the United States.
The site, technically, is just off the Strip within the Las Vegas city limits.