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Black Hawk Gaming Getting New Owner

BLACK HAWK, CO-Gameco Inc. is paying nearly $100 million for controlling interest in the company that owns and operates the Gilpin Hotel Casino here as well as the Gold Dust West Casino in Reno, NV.

By John Rebchook | Updated on January 07, 2002

BLACK HAWK, CO-Black Hawk Gaming & Development Co. is getting a new owner. Shareholders voted to sell the company to a company controlled chairman and chief executive officer Jeffrey P. Jacobs for about $100 million.

Jacob’s Gameco Inc. will take the firm private by paying $12 per share for the 68% of the stock not owned by Jacobs or his affiliates.

The deal includes the assumption of about $60 million in debt.

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