Search
 

Nevada Gold Sells Interest in Casinos to Partner

BLACK HAWK, CO-Nevada Gold & Casinos sells its 43% interest in the Black Hawk and Colorado Central Station casinos here to co-owner Isle of Capri Casinos.

By Brian K. Miller | Updated on January 24, 2008

BLACK HAWK, CO-The Black Hawk and Colorado Central Station casinos will soon be 100% owned by Isle of Capri Casinos of St. Louis. Houston-based Nevada Gold & Casinos said this week that it has received shareholder approval to sell its 43% interested in the ownership entity to Isle, which currently owns of the remaining 57% interest.

Isle of Capri will pay Nevada Gold $64.6 million for its interest. The transaction is expected to close any day now.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.