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In 2010, Golden Gaming agreed to take over operation of four small casinos owned by The Siegel Group, previously operated by United Coin: the Gold Spike, Siegel Slots and Suites, the Resort on Mount Charleston, and Rumor. [12] Gold Town Casino in Pahrump, Nevada, the former Terrible's Town Casino, seen in 2019, which Golden Gaming acquired in 2012.
In June 2017, Golden agreed to purchase American Casino & Entertainment Properties for $850 million, closing the acquisition in October 2017. The acquisition expanded the company’s portfolio with four casinos: the Stratosphere Las Vegas, Arizona Charlie's Boulder, Arizona Charlie's Decatur and the Aquarius Casino Resort.
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ACEP registered its first positive net income since 2007 of $7.0 million in 2014 and $12.1 million in 2015. [8] [9] In 2007, Whitehall Street Real Estate Funds, who owned 40% of the Las Vegas Hilton and was a passive investor in other casino properties, made an offer of $1.3 billion for the four properties.
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