By Dean Seal
Golden Leisure Inc. has signed a deal to divest its distributed gaming operations in Nevada and Montana for $322.5 million in money and one other $39 million in anticipated bought money.
The gaming firm mentioned Monday that J&J Ventures Gaming LLC will purchase its video-based gaming enterprise in Nevada for $213.5 million, plus $34 million in bought money at closing, and its operations in Montana for $109 million, plus $5 million in bought money.
Golden mentioned it has additionally entered right into a five-year deal for J&J Gaming to assist gaming operations at Golden’s branded tavern places in Nevada.
Chief Govt Blake Sartini mentioned the transaction would permit Golden to focus its administration crew and capital on its casinos and taverns in Nevada.
Golden shares rose 2.4% to $41.50 in premarket buying and selling.
Write to Dean Seal at dean.seal@wsj.com