More than a decade ago, Las Vegas-based Golden Entertainment went public through a $341 million merger with a Minnesota-based company that owned one property in northern Maryland.
Then last month, Golden left the Nasdaq and is again a privately owned business through a $1.16 billion sale and leaseback with real estate investment trust VICI Properties.
It’s a trend.
Last year, two Nevada-based gaming equipment providers, IGT and AGS, were bought out by large hedge funds and delisted from the New York Stock Exchange. By going private, financial information is hidden and only available to company insiders and advisers.
