Golden said last week its Nevada and Montana route operations had revenue of $365.4 million in 2022, a little less than one-third of Golden’s $1.12 billion in revenue last year. The transaction is expected to close this summer. Last August, Golden agreed to sell its Rocky Gap Casino Resort in Maryland to Century Gaming and VICI Properties for $260 million. J&J operates video lottery gaming terminals in Illinois and Pennsylvania. Golden, which owns nine casinos in Nevada, including The STRAT Hotel, Casino & SkyPod said the gaming operations at its chain of 64 Nevada taverns, operated under the PT’s, Sierra Gold and other brands, will be managed by J&J under a five-year agreement. “We anticipate our distributed gaming team members will continue to serve our route partners with the same dedication under J&J Gaming’s ownership.” “We believe this transaction will provide further success for our route partners through sharing of best practices and new technology,” Golden Entertainment Chairman and CEO Blake Sartini said in a statement. J&J will also pay $39 million for the estimated closing costs. Golden operates roughly 10,500 slot machines at more than 1,000 non-casino locations in Nevada and Montana. Las Vegas-based Golden Entertainment said Monday the transaction with J&J Ventures Gaming is expected to close by the end of the year.

Nevada’s largest slot machine route operator is selling its businesses in Nevada and Montana for a combined $322.5 million to a privately held Illinois-based company.

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