Golden Entertainment Acquires American Casino & Entertainment for $850 Million

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Gambling company consortium Golden Entertainment Inc..   () has agreed to acquire American Casino & Entertainment Properties LLC for $850 million on Monday.

The purchase will include $781 million in cash and approximately 4 million shares of Golden Entertainment issued to American’s present proprietor. On closing, Whitehall will have about 15% of Golden stocks.  

Golden expects the transaction to result in net earnings in 2017 in $ 847 million. Golden stocks remained unchanged in premarket trading Monday.  

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