Holland & Hart represented long-standing client Marnell Gaming, LLC (Marnell), a Hotel/Casino owner/operator and provider of consulting, project management, and development for hotel and gaming properties, in the sale of its Nugget Casino Resort (Nugget) operations to Century Casinos, Inc. (Century Casinos), for approximately $100 million.
This transaction follows Holland & Hart’s representation of Marnell in its prior agreement with Century Casinos to sell 50% of Smooth Bourbon and 100% of Nugget to Century Casinos, which closed in April 2022. Smooth Bourbon owns the land and building on which the Nugget is located; following this acquisition, Smooth Bourbon will be a consolidated subsidiary of Century Casinos.
The Holland & Hart transactional team was led by Corporate partner Jim Newman and now retired partner David Garcia, who assisted on the deal prior to closing, with assistance from Michael Crisostomo, Elif Gabb, Charles Mao, Catherine Crane, Dora Lane, Megan Fogarty, Ben Gibbons, Bryce Alstead, Matthew Hippler, Douglas Flowers, Chris Gunlikson, Lindsay Silber, John Ludlum, Adam Cohen, and Cory Talbot and paralegal Lori Argall.
For more information, please see Century Casinos’ press release.
Holland & Hart’s Corporate attorneys have extensive experience advising private and public companies, at all stages of development, in a diverse range of industries, including gaming, construction and building materials, energy and resources, finance, wealth services, technology, healthcare, outdoor recreation, animal health, aerospace, and food, beverage, and consumer products industries.