Nevada Gold & Casinos (UWN) to Acquire AG Trucano for $5.2 Million

Nevada Gold & Casinos, Inc. (NYSE: UWN) has signed an agreement to purchase AG Trucano, Son & Grandsons, Inc., a slot route operator based in Deadwood, South Dakota, for $5.2 million. AG Trucano is a slot operator that has been in business since gaming was legalized in South Dakota in 1989. AG Trucano currently operates over 900 slots at 20 locations which represents approximately 24% of the slots in Deadwood.

"We feel that the acquisition of AG Trucano is a very attractive opportunity for Nevada Gold. Deadwood is the only community in South Dakota that is permitted to have commercial gaming, and AG Trucano is the only route operator in the market," said Robert Sturges, CEO of Nevada Gold. "The acquisition purchase price represents approximately four times EBITDA, no significant increase in overhead is expected and we expect the transaction to be accretive to earnings before future synergies and efficiencies."

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Is the global equity rally broadening? UBS weighs in
• LivePerson extends special meeting deadline for SoundHound AI merger vote
• JPMorgan Upgrades Diploma Plc. (DPLM:LN) to Overweight