The deal negotiated by Golden Entertainment and J&J Ventures Gaming focused on both Montana and Nevada, with the Silver State’s Nevada Gaming Commission seconding the opinion of the Nevada Gaming Control Board and confirming that the transaction may proceed.

Nevada Oks Long-Anticipated J&J-Golden Entertainment Dela

The operations in Montana had already been acquired for $109 million and $5 million in purchased cash in September, in line with the initially stated transaction window.

J&J Ventures Gaming is spending $213.5 million to pay for the acquisition along with $34 million in purchased cash. The deal is yet to be finalized, though, and will probably be completed by the end of January 2024.

There are customary regulatory filings to now be provided as part of the deal before the transaction can be finalized. The Nevadan sale will create a five-year agreement between the two parties, with J&J Ventures Gaming supporting Golden Entertainment branded establishments in the Silver State.

J&J is, however, hoping to synergize its broader operations with its newly-acquired business in Nevada in due time and derive an even greater value from the acquisition.

The deal was partially orchestrated by Oaktree Capital Management, the majority owner at J&J Gaming and not least owing to familiarity between Golden Entertainment president and CFO Charles Protell and Oaktree’s managing director Matthew Wilson, who attended the same college.

Confidence in Golden Entertainment’s Tavern Business

Protell himself sold 35,946 shares in Golden Entertainment earlier this week, gaining $1.46 million on the sale. Golden Entertainment owns and operates casinos and taverns as well as distributed gaming solutions in Southern Nevada.

The change of leadership is nothing that Golden Entertainment fears with the company confident that the product it built over years of hard work serves well to both companies and especially shareholders.

J&J’s decision to support the Golden Entertainment tavern portfolio attests to the high degree of professionalism and result-driven businesses that the latter company has been running. The companies have also felt confident in working together and seeing this deal through.

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Moving forward, St8.io will be able to supply local operators in the regulated Eastern European market with various casino and gaming content that will be injected directly into the libraries of partner operators through the powerful and lightweight aggregation platform.

St8.io Becomes Latest Aggregation Platform to Be Licensed in Romania

The company has a Class II license that allows it to collaborate with other operators that have been licensed locally by ONJN and have the necessary license to offer online gambling products lawfully. St8.io CEO Vladimir Negine has welcomed the opportunity as well and added that the company was very happy to put its mark on the Romanian iGaming market, something that the company had planned for.

“We see significant growth potential but at the same time operators are telling us they need a content pipeline to deliver the truly exceptional experience players are demanding,” Negine added. He also said that the aggregator is capable of bringing operators locally the type of experience that will help promote their offer and give them a competitive edge.

Negine further praised the functionalities of the aggregation solution and said that his company’s product offered features that were not normally associated with aggregation platforms. The company also uses an API to seamlessly integrate its content and deliver cutting-edge solutions for the market.

St8 Brings a Host of Solutions and Features to Help Partner Operators

St8.io brings a host of options along with it, including a number of marketing and bonus tools that will help partner operators not only access the aggregator’s library of games but also ensure that they have a quick and easy way to engage with its library.

Slotmill, Peter & Sons and BGaming are among some of the exciting suppliers that have already agreed to collaborate with St8.io which is determined to continue and scale up its offer further.

St8.io similarly offers a lot of control over what products do well and how, featuring a powerful back office with powerful real-time data and instant support.

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