Rocky Mountain Gaming, led by industry veterans David D. Ross, Michael J. Gaughan III, and Joseph J. Canfora, has announced strategic acquisition agreements with Minter Holdings and G Investments. Pending approval from the Colorado Division of Gaming, the deals involve acquiring the operating assets of Johnny Nolon’s Casino and the Colorado Grande Casino, both managed by David Minter through Minter Holdings.
Rocky Mountain Gaming’s Leadership Background:
With approximately 30 years of collective experience in senior management roles at Coast Casinos, Affinity Gaming, and the JW Marriott & Rampart Casino, the leadership team at Rocky Mountain Gaming brings a wealth of expertise to the gaming industry.
Acquisition Details:
Johnny Nolon’s Casino: Rocky Mountain Gaming is set to acquire the operating assets of Johnny Nolon’s Casino, one of Cripple Creek’s original casinos.
Colorado Grande Casino: The second agreement involves the acquisition of the operating assets of the Colorado Grande Casino, a property located in Cripple Creek’s gaming district.
Both deals are contingent on regulatory approval and licensing from the Colorado Division of Gaming.
Market Dynamics:
Cripple Creek, a prominent gaming destination, has been experiencing rapid growth, evident with developments such as the Golden Nugget’s anchor restaurant Salt Grass and the recent opening of Chamonix. These additions are expected to attract new visitors to Cripple Creek, creating opportunities for the acquired properties to offer a genuine local experience.
Leaders’ Perspective:
Joseph J. Canfora expressed surprise at the opportunity to re-enter the Cripple Creek market and recognized the potential of maintaining the unique charm that locals appreciate. David D. Ross highlighted the town’s growth and sees an opportunity for their properties to provide a true locals experience with loose slots and personalized service.
Minter’s Legacy:
David Minter, the current owner of Johnny Nolon’s and majority owner of Colorado Grande’s operating assets, expressed pride in the accomplishments at these casinos over the years. He looks forward to seeing the new vision that Rocky Mountain Gaming CC will bring to these beloved establishments.
The acquisition agreements mark a significant expansion for Rocky Mountain Gaming into the thriving Cripple Creek market. As regulatory approval progresses, the company aims to contribute to the local gaming landscape by preserving the unique character of the acquired properties. With a focus on offering a genuine locals experience, Rocky Mountain Gaming is poised to make a notable impact in Cripple Creek’s evolving gaming industry.