GOLDEN GAMING, INC. TO ACQUIRE THE SADDLE WEST HOTEL, CASINO & RV RESORT IN
PAHRUMP, NEVADA
LAS VEGAS, Nov. 27, 2007 - Golden Gaming, Inc., owner and operator of
Golden Casino Group, Golden Tavern Group and Golden Route Operations,
recently entered into an agreement to acquire the Saddle West Hotel, Casino
& RV Resort in Pahrump, Nev.
Saddle West Hotel, Casino & RV Resort is situated in the heart of Pahrump
right off the intersection of Route 372 and Highway 160. The property
features 155 guest rooms, more than 350 gaming machines and table games, an
exclusive players club as well as an 80-space RV resort. Additional
amenities include catering and banquet space, bingo, an all-you-can-eat
buffet, live entertainment and annual events including several golf
tournaments and Pahrump's Wild West Extravaganza.
"We are pleased with the opportunity to acquire the Saddle West Hotel,
Casino & RV Resort, which will be a great addition to our gaming portfolio,"
said Blake L. Sartini, president and CEO of Golden Gaming. "We are bullish
on the long term growth prospects for the Pahrump market, and this
acquisition further displays our commitment to growing with the community.
We look forward to providing superior service and atmosphere to compliment
all of the great amenities Saddle West Hotel, Casino & RV Resort has to
offer to our valued guests."
Golden Gaming first entered the Pahrump market when it acquired the Pahrump
Nugget Hotel & Gambling Hall in November 2006, making Golden Gaming one of
the largest employers in Nye County. Including the Saddle West property,
Golden Gaming will employ more than 500 team members throughout Nye County.
"We're excited to reach an agreement with Mr. Sartini and the quality team
at Golden Gaming Inc. We're confident Saddle West Hotel, Casino & RV Resort
will continue to be developed and thrive in conjunction with the community
in Pahrump," said Anthony Marnell III, chairman of Marnell Sher Gaming, LLC.
Saddle West Hotel, Casino & RV Resort offers a variety of table games
including blackjack, craps, bingo as well as numerous slot and video poker
games. Members of the exclusive Saddle West Players Club have the
opportunity to earn points and redeem them for comp dollars, which are valid
for dining, hotel stays, golf packages, as well as free slot play, cash back
and more. Saddle West Hotel, Casino & RV Resort offers dining at the Silver
Spur buffet, which features gourmet themed experiences that vary throughout
the week. For meetings and private events, Saddle West Hotel, Casino & RV
Resort offers an array of options including a showroom that comfortably
accommodates up to 300 guests; a patio terrace overlooking the pool area
accommodating up to 125 guests; and a deluxe hospitality suite ideal for
small receptions accommodating up to 38 guests.
RV enthusiasts can enjoy Saddle West's full-service RV resort that features
80 extra-wide pull-thru spaces. Convenient amenities include showers, cable
TV, pool & spa, a laundromat and 24-hour security surveillance. Daily,
weekly and monthly rates are available.
Pending licensing and regulatory approvals, the acquisition of Saddle West
Hotel, Casino & RV Resort is set to become the fifth casino in the Golden
Casino Group. Other properties include the Pahrump Nugget Hotel & Gambling
Hall, Mardi Gras Casino, Golden Gates Casino and Golden Gulch Casino located
in Black Hawk, Colorado. The Golden Casino Group's Colorado properties
currently feature more than 1,100 slot and video poker machines, more than
10 blackjack tables and Colorado's finest poker parlor featuring 14 live
poker tables, four restaurants, three bars and a 750 space parking garage.
About Golden Gaming, Inc.
Golden Gaming, Inc., along with its affiliate Golden Mardi Gras, Inc.,
operates three divisions: Golden Casino Group, consisting of the Mardi Gras
Casino, Golden Gates Casino and Golden Gulch Casino in Black Hawk, Colo.,
the Pahrump Nugget Hotel & Gambling Hall in Pahrump, Nev., and manages
casino operations for the Hard Rock Hotel & Casino in Las Vegas; Golden
Tavern Group, Nevada's largest tavern operator with 45 establishments; and
Golden Route Operations (G.R.O.), Nevada's third largest slot route operator
with more than 2,500 machines in more than 200 locations throughout the
state. Golden Tavern Group's Southern Nevada holdings include the flagship
Sierra Gold brand and PT's Entertainment Group locations divided into three
distinct brands; PT's Gold, PT's Place and PT's Pub. Golden Tavern Group
operates under several brands in Northern Nevada including Sierra Gold,
Sierra Junction, Sparky's Sports Bar & Grill and Gold Bar Casino. Each
location features the exclusive and proprietary Golden Rewards player
rewards program to its guests. Established in 2001, Golden Gaming, Inc.,
employs more than 2,200 team members throughout Nevada and Colorado and
continues to position itself as a premier, diversified gaming operator of
casinos, taverns and gaming devices. For more information, please visit
www.goldengaminginc.com.
About Marnell Sher Gaming, LLC.
Marnell Sher Gaming, LLC currently owns and operates the Saddle West Hotel
Casino & RV Resort as well as the Edgewater and Colorado Belle casino
resorts in Laughlin, Nevada. On a combined basis, the properties encompass
1,761 employees, 2,535 guest rooms and 138,000 square feet of casino space
with over 2,000 slot machines and 72 table games. Marnell Sher Gaming, LLC
is comprised of a partnership between Saddle West Investors, LLC, led by
Anthony A. Marnell, III, and Sher Gaming, LLC led by Ed Sher.
Anthony A. Marnell III is also the Founder, Chairman and Chief Executive
Officer of The M Resort, Spa and Casino, a $1 billion Las Vegas-based casino
resort currently in development on Las Vegas Boulevard South and is
scheduled to open in Spring of 2009.
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