Daily News: December 1, 2015

Mutual of Omaha Bank Finances Nevada Gold & Casinos Acquisition


Nevada Gold & Casinos completed the previously announced purchase of Club Fortune Casino in Henderson, NV for total consideration of $14.1 million cash and 1.2 million common shares, plus a working capital adjustment. The transaction was financed with an amended and restated reducing revolving credit agreement with Mutual of Omaha Bank.

Club Fortune Casino includes a 35,000 square foot building and eight acres of land. The casino features approximately 25,000 square feet and includes 541 slot machines, seven table games, a poker room and a sports book. The facility also has a restaurant, two bars, an entertainment lounge, snack bar and gift shop.