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Golden Entertainment

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Adapted from the English Wikipedia article Golden Entertainment, available under CC BY-SA 4.0Updated 28 November 20255 sources
Golden Entertainment, Inc.
Company typePublic
IndustryGaming
Founded2015; 11 years ago (2015)
FounderBlake Sartini
Headquarters
Enterprise, Nevada
,
United States
Area served
Nevada, Colorado, Montana, Illinois
Key people
Blake Sartini (CEO)
ProductsCasinos, taverns, slot routes
Websitegoldentertainment.com

Golden Entertainment, Inc. is a U.S.-based gaming enterprise headquartered in Enterprise, Nevada, specializing in the operation of casinos and taverns. Established in 2015 through the consolidation of Golden Gaming—originally founded in 2001 by Blake Sartini—and Lakes Entertainment, it holds the distinction of being Nevada's leading tavern operator.[1][2] In October 2017, Golden finalized an $850 million purchase of American Casino & Entertainment Properties, broadening its holdings to eight casino resorts, all situated within Southern Nevada.

History

Golden Gaming was launched in October 2001 following Blake L. Sartini’s reacquisition of Southwest Gaming Services, a firm he initially established and later sold to Station Casinos.[3]

The formation of Golden Tavern Group occurred in 2002, marked by the acquisition of the PT's tavern chain.[3]

Expansion into Colorado took place in 2004 when the company purchased three casinos located in Black Hawk, Colorado: Golden Gates, Golden Gulch, and Golden Mardi Gras.Cite error: The opening <ref> tag is malformed or has a bad name</ref>

In 2006, Golden Gaming acquired the Pahrump Nugget Hotel & Gambling Hall.Cite error: The opening <ref> tag is malformed or has a bad name</ref>

Between 2007 and early 2008, Golden managed the casino operations at the Hard Rock Hotel and Casino (Las Vegas), incurring annual lease payments of $20.7 million plus management fees and revenue sharing arrangements before withdrawing to concentrate on other business areas.[4]Cite error: The opening <ref> tag is malformed or has a bad name</ref>

Although Golden intended to buy the Saddle West casino in Pahrump in 2007, the deal was abandoned in 2008 so resources could be allocated toward an $11 million upgrade of the Pahrump Nugget.Cite error: The opening <ref> tag is malformed or has a bad name</ref>

In 2010, Golden assumed control over four smaller properties owned by The Siegel Group: Gold Spike, Siegel Slots and Suites, Resort on Mount Charleston, and Rumor.Cite error: The opening <ref> tag is malformed or has a bad name</ref>

March 2012 saw Golden acquire Terrible's Town Casino and Terrible's Lakeside Casino & RV Park in Pahrump from Affinity Gaming, along with Affinity’s slot route operations excluding Terrible Herbst locations. This acquisition positioned Golden as both Nye County’s largest employer and gaming operator, as well as Nevada’s top slot route operator with roughly 8,500 machines distributed across 650 sites—capturing approximately 45% market share.[1]Cite error: The opening <ref> tag is malformed or has a bad name</ref> In exchange, Affinity obtained Golden’s three Black Hawk casinos.[1]

In January 2015, an agreement was reached for Golden to merge with Lakes Entertainment, with Sartini holding a 35% stake and acting as CEO. The merger was finalized on August 3, 2015, resulting in the creation of Golden Entertainment.Cite error: The opening <ref> tag is malformed or has a bad name[5]

Golden entered the Montana market in 2016 through a $45 million acquisition of slot routes encompassing 2,800 machines.Cite error: The opening <ref> tag is malformed or has a bad nameCite error: The opening <ref> tag is malformed or has a bad name</ref> By June 2017, it had secured its fourth state license for slot route operations in Illinois.Cite error: The opening <ref> tag is malformed or has a bad name</ref>

The October 2017 takeover of American Casino & Entertainment Properties for $850 million brought four additional casinos into Golden’s portfolio: the Stratosphere Las Vegas, Arizona Charlie's Boulder, Arizona Charlie's Decatur, and the Aquarius Casino Resort.Cite error: The opening <ref> tag is malformed or has a bad nameCite error: The opening <ref> tag is malformed or has a bad name</ref> In 2018, Golden announced plans for a $140 million refurbishment of the Stratosphere.Cite error: The opening <ref> tag is malformed or has a bad name</ref>

In January 2019, Golden acquired the Colorado Belle and Edgewater casinos located in Laughlin, Nevada from Marnell Gaming for $190 million. This acquisition gave Golden ownership of three out of Laughlin’s eleven gaming establishments, including the Aquarius.Cite error: The opening <ref> tag is malformed or has a bad nameCite error: The opening <ref> tag is malformed or has a bad nameCite error: The opening <ref> tag is malformed or has a bad name</ref>

In 2023, Golden divested the Rocky Gap Casino Resort to Vici Properties and Century Casinos for $260 million.Cite error: The opening <ref> tag is malformed or has a bad name</ref> Additionally, it sold its slot route operations in Nevada and Montana to J&J Ventures.Cite error: The opening <ref> tag is malformed or has a bad name

October 2025 marked the launch by PT's Taverns of the "Giant Keno Progressive," a linked progressive jackpot initiative spanning its network of 65 Southern Nevada taverns. The program features more than 820 machines with jackpots initiating at $100,000 and capping at $200,000.Cite error: The opening <ref> tag is malformed or has a bad name

Golden Casino Group

PT's Entertainment Group

  • PT's Brewing Co — Las Vegas
  • Great American Pub
    • Henderson (1 location)
    • Las Vegas (2 locations)
  • Lucky's
    • Henderson (1 location)
    • Las Vegas (2 locations)
    • Reno (1 location)
  • PT's Gold
    • Henderson (5 locations)
    • Las Vegas (24 locations)
    • North Las Vegas (2 locations)
  • PT's Place — Las Vegas (3 locations)
  • PT's Pub
    • Henderson (2 locations)
    • Las Vegas (15 locations)
    • North Las Vegas (1 location)
  • PT's Ranch
    • Henderson (1 location)
    • Las Vegas (2 locations)
  • Sean Patrick's
    • Las Vegas (2 locations)
    • North Las Vegas (2 locations)
  • SG Bar — Las Vegas
  • Sierra Gold
    • Las Vegas (4 locations)
    • North Las Vegas (1 location)
    • Reno (2 locations)

Former

External links

  1. ↑ 1.0 1.1 1.2 Cite error: Invalid <ref> tag; no text was provided for refs named stutz2
  2. ↑ PT's brand grows locally
  3. ↑ 3.0 3.1 Cite error: Invalid <ref> tag; no text was provided for refs named Strow
  4. ↑ Cite error: Invalid <ref> tag; no text was provided for refs named jan7
  5. ↑ Cite error: Invalid <ref> tag; no text was provided for refs named stutz3
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