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Nevada Gold & Casinos, Inc has been approved by a bankruptcy judge to purchase seven mini-casinos in Washington out of bankruptcy from Evergreen Gaming Corporation.
The closing is pending customary closing conditions including licensing and lease transfers but is expected to be final within the next 30 to 60 days.
“The process of purchasing the mini-casinos has continued to go smoothly and we are excited about the court’s decision. This decision is a very important step in the process. We hope to close the deal within 30-60 days and are currently in the process of obtaining the gaming and liquor board licenses for these properties and finalizing our loan documents with our lender,” said Robert Sturges, CEO of Nevada Gold.
“Our well established team in Washington is preparing for the sale to be completed so we can put our experience from our other properties in that area to good use.” Sturges concluded.
The seven casinos include The Silver Dollar Seatac, The Silver Dollar Renton, The Silver Dollar Mill Creek, The Silver Dollar Tukwila, Club Hollywood, located in Shoreline, the Royal Casino located in Everett and The Golden Nugget Casino located in Tukwila.
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