Financial Advisor to Maverick Gaming
GLC Advisors Transaction Closing Announcement
in connection with its $310mm term loan B and $55mm revolving credit facility led by Deutsche Bank, Credit Suisse, Jefferies Group and US Bank.
| As part of this transaction Maverick Gaming executed a sale of the land under The Wendover Nugget Hotel and Casino, The Red Garter Hotel and Casino, Grand Z Casino Hotel Central City and Johnny Z Casino Central City to Angelo Gordon. With this refinancing, Maverick Gaming has retired all outstanding debt held by HG Vora. Maverick Gaming is majority owned and was founded by gaming industry veterans Eric Persson, who previously served as Global Senior Vice President of Slots at Las Vegas Sands and Justin Beltram, former Vice President of Slots at Bellagio and Marina Bay Sands. Together they bring over 30 years of gaming experience spanning gaming markets around the world including the Las Vegas Strip (Venetian, Palazzo, Bellagio), Macau (Sands China Limited), Singapore (Marina Bay Sands), and many regional markets in North America. Maverick Gaming is located in Kirkland, Washington and currently owns four casino and hotels in Nevada, three casinos and one hotel in Colorado and nineteen card rooms in Washington. |
| GLC Advisors & Co. GLC Advisors & Co. delivers objective, senior-level expertise to clients through a variety of advisory assignments including: Mergers & Acquisitions, equity and debt capital advisories, restructurings/recapitalizations, fairness opinions, and valuations. Offices are located in New York, San Francisco, and Denver. For more information, visit www.www.glcllc.com. GLC Advisors is affiliated with GLC Investment Advisors, an investment firm which provides debt and equity capital for leveraged buyouts, strategic acquisitions, recapitalizations and growth financings for middle market companies. Mack Rossoff / Managing Director Mack.Rossoff@glca.com / 212.542.4548 Michael Sellinger / Managing Director Michael.Sellinger@glca.com / 212.542.4545 Tim Hagamen / Director Tim.Hagamen@glca.com / 212.542.4547 Daniel Grundei / Associate daniel.grundei@glca.com / 212.542.4549 |