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$uwn US Supreme court gave the "ok" for sports betting. There really is no way to know how the needle will move politically in Washington state -- but given there has been a fair number of cardroom closures in Washington in past couple years, I could see the legislature allowing sports betting in cardrooms resulting in a boost for Nevada Gold's main business. This potential should also be calculated into any sale price; and management's decision whether or not to sell
$uwn As a shareholder--seeing that UWN is poised for a solid year-- I am in no hurry for management to sell. Right price--OK, but otherwise: hold off a year. There is a reason UWN is being pursued for purchase now: their books are solid--they are nearing point of having to stockpile cash as they are close to the minimum amount allowed for their bank loan. Looks like others in the industry see this as well-- and want to use last year's EBITA to determine sale price, and downplay the obvious positive growth EBITA heading forward.
$uwn UWN: AH news. Nevada Gold & Casinos Announces Completion of the Sale of Club Fortune Casino in Henderson
Date : 01/02/2019 @ 4:15PM
HI THERE, BEEN AH GOOD TRADING COMPANY/ $UWN
UWN: AH news. Nevada Gold & Casinos Announces Completion of the Sale of Club Fortune Casino in Henderson
Date : 01/02/2019 @ 4:15PM
Nevada Gold & Casinos, Inc. (NYSE MKT: UWN) today announced that effective December 31, 2018, Nevada Gold & Casinos LV, LLC, a wholly-owned subsidiary of the Company (“NGC LV”), completed the sale of substantially all of their assets related to Club Fortune Casino located in Henderson, Nevada (“Club Fortune”) to Truckee Gaming, LLC (“Truckee”). The sale was effected pursuant to a previously announced Asset Purchase Agreement dated as of June 26, 2018 (the “Asset Purchase Agreement”), by and among Truckee, NGC LV, and the Company.
The purchase price was approximately $14.65 million, subject to certain post-closing purchase price adjustments, including a post-closing working capital true-up. A portion of the purchase price was used by the Company to pay in full the outstanding principal and other amounts due under the Company’s credit agreement with Mutual of Omaha Bank.
Forward-Looking Statements
This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We use words such as "anticipate," "believe," "expect," "future," "intend," "plan," and similar expressions to identify forward-looking statements. Forward-looking statements include, without limitation, satisfaction of the conditions to closing the transaction in the anticipated timeframe or at all, the financing of the transaction, risks related to the financing of the transaction, the effect of the announcement of the transaction on the ability of the Company to retain and hire key personnel and maintain relationships with its customers, suppliers, partners and others with whom it does business, or on its operating results and businesses generally, and the Company’s ability to increase income streams, to grow revenue and earnings, and to obtain additional gaming and other projects. These statements are only predictions and are subject to certain risks, uncertainties and assumptions, which include, but are not limited to, those identified and described in the Company's public filings with the Securities and Exchange Commission. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not undertake any obligation to update any forward-looking statements as a result of new information, future developments or otherwise, except as expressly required by law.
Contacts:
Nevada Gold & Casinos, Inc.
Michael P. Shaunnessy / James Meier
(702) 685-1000
Preston Graham
Stonegate Capital Partners
(972) 850-2001
Nevada Gold Logo.jpg
Nevada Gold & Casino (UWN)
1.9741 ? 0.0241 (1.24%)
Volume: 22,056 @ 3:06:10 PM EDT ET
Bid Ask Day's Range
- - 1.95 - 1.9899
UWN Detailed Quote
Nevada Gold & Casino (UWN)
2.16 ? 0.02 (0.93%)
Volume: 7,799 @ 4:00:00 PM EDT ET
Bid Ask Day's Range
- - 2.14 - 2.2
UWN Detailed Quote
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 1/8/2018 2:29:49 PM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 12/14/2017 4:19:02 PM
Statement of Beneficial Ownership (sc 13d) "Edgar (US Regulatory)" - 10/27/2017 4:44:28 PM
Nevada Gold & Casino (UWN)
2.7 ? 0.04 (1.50%)
Volume: 24,172 @ 4:00:00 PM EST ET
Bid Ask Day's Range
- - 2.5978 - 2.74
UWN Detailed Quote
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Management Services |
In addition to owning and operating its own properties, Nevada Gold provides development, marketing and management expertise to selected properties by providing strategic consulting services to help meet the objectives in developing, operating and positioning their business enterprise. Nevada Gold's management team brings an ownership philosophy to gaming facilities in casino management/operations for all types of gaming venues. Our mission is to improve the quality of our guests' experience by providing innovative services, excellent food, a quality gaming experience and unrivaled service as well as cultivate a warm and inviting atmosphere for our guests and employees. Nevada Gold establishes consistency and quality in service resulting in higher guest satisfaction and improved profit margins. We continuously strive to create bottom-line performance and generate the profitability required to assure the long-term viability of the facility and owners we serve. |
Silver Dollar Casino - Renton
Silver Dollar Casino - Bothell
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Club Hollywood Casino
Royal Casino
Golden Nugget Casino
www.wagoldcasinos.com
Red Dragon Casino
www.wagoldcasinos.com
South Dakota |
On January 27, 2012, we acquired A.G. Trucano, Son & Grandsons, Inc., a slot route operation based in Deadwood, South Dakota. Currently, we operate approximately 950 slot machines in 20 Deadwood locations. We offer our customers the ability to earn cash back and other amentities through our Dakota Player Club. Deadwood is a town of 1,300 residents located in the Black Hills, South Dakota, in the southwest corner of the state. Deadwood sees million of visitors each year, as this was the town in which "Wild Bill" Hickock met his demise in 1876. Deadwood is a 40 minute drive from Mount Rushmore and 40 minutes drive from Rapid City. Initiated in 1989, Deadwood was only the third jurisdiction in the United States to host legalized gambling. Contact: |
About Nevada Gold & Casinos
Nevada Gold & Casinos, Inc. (NYSE MKT:UWN) of Las Vegas, Nevada is a developer, owner and operator of 10 gaming operations in Washington .(wagoldcasinos.com) and a slot route operation in Deadwood, South Dakota http://www.dakotaplayersclub.com . The Company also has a social gaming application, Gold Star Slots, available on Facebook or from the Apple App Store, and a gaming license in Nevada. For more information, visit www.nevadagold.com.
http://www.nevadagold.com/
Nevada Gold Receives State of Nevada Gaming License Jan 27, 2012 | 16.0 KB | |
HOUSTON, Jan. 27, 2012 (GLOBE NEWSWIRE) -- Nevada Gold & Casinos, Inc. (NYSE Amex:UWN) today announced that it has received approval for its state gaming license from the Nevada Gaming Commission. "We are thrilled to have been approved for a gaming license in the state of Nevada," said Robert Sturges, Chief Executive Officer of Nevada Gold.... | ||
Nevada Gold Receives South Dakota Gaming License Jan 24, 2012 | 16.1 KB | |
HOUSTON, Jan. 24, 2012 (GLOBE NEWSWIRE) -- Nevada Gold & Casinos, Inc. (NYSE Amex:UWN) today announced that it has received approval for its state gaming license from the South Dakota Commission on Gaming. "We continue to believe that the acquisition of AG Trucano is a very attractive opportunity for Nevada Gold. The approval for a gaming l... | ||
Nevada Gaming Control Board Recommends Nevada Gold Jan 11, 2012 | 17.1 KB |
http://finviz.com/quote.ashx?t=uwn
Shs Outstand 16.06M
Shs Float 14.80M
Short Float 0.12%
Inst Own 15.36%
very little debt; Debt/Eq 0.58 - LT Debt/Eq 0.51
Employees 1458 /\ this has change?
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