J&J Ventures Gaming, LLC entered into definitive agreement to acquire distributed gaming operations in Nevada of Golden Entertainment, Inc. (NasdaqGM:GDEN) for approximately $213.5 million on March 3, 2023. As per the terms J&J Ventures Gaming, LLC will pay $213.5 million in cash plus $34million purchased cash, comprised of cash and cash equivalents related to such operations at the time of closing (subject to adjustment based on working capital and purchased cash at closing). The transaction is subject to customary regulatory approvals and closing conditions. Kirkland & Ellis LLP served as legal advisor to J&J Ventures Gaming, LLC and Latham & Watkins LLP served as legal advisors to Golden Entertainment, Inc. (NasdaqGM:GDEN). The transaction is expected to close during the fourth quarter of 2023.

J&J Ventures Gaming, LLC completed the acquisition of distributed gaming operations in Nevada of Golden Entertainment, Inc. (NasdaqGM:GDEN) on January 10, 2024. Taft Stettinius & Hollister LLP served as legal advisors and Macquarie Capital (USA) Inc. served as financial advisor to J&J Ventures Gaming, LLC