Golden Entertainment, a prominent gambling operator, is set to launch its first-ever slot tournament, the Golden Pyramid Tournament, at various Golden Entertainment properties in Southern Nevada during July and August. The tournament promises an exciting lineup of events, with the finale scheduled for August 12 at Aquarius Casino Resort, where 120 winners will vie for top honors.
Tournament Structure and Prizes:
Qualifying Rounds: The tournament kicks off with qualifying rounds every Tuesday in July at Arizona Charlie’s Boulder and Arizona Charlie’s Decatur in Las Vegas. Additional qualifying rounds will take place at Aquarius Casino Resort, Edgewater Casino Resort, and Pahrump Nugget Hotel & Gambling Hall.
Finale at Aquarius Casino Resort: The final showdown on August 12 will see the top 40 winners sharing a generous prize pool of $50,000 in bonus slot play, with the first-place winner claiming a substantial $10,000 of the prize pool.
Golden Entertainment’s Strategic Move:
Divestment Plans: Concurrently, Golden Entertainment has entered into a definitive agreement to divest its distributed gaming operations in Nevada and Montana. J&J Ventures Gaming will acquire the operations in Nevada for $213.5 million plus an estimated $34 million in purchased cash, and the Montana operations for $109 million plus $5 million.
Strategic Partnership: As part of the deal, Golden Entertainment will engage in a five-year agreement with J&J Gaming, providing support for the gaming operations of Golden’s branded tavern locations in Nevada.
Golden Entertainment’s foray into the slot tournament arena with the Golden Pyramid Tournament signals a new era of engaging events for gaming enthusiasts. As the tournament unfolds across Southern Nevada, players can anticipate a thrilling competition culminating in the finale at Aquarius Casino Resort. Simultaneously, Golden Entertainment’s strategic divestment plans underscore the company’s commitment to optimizing its gaming portfolio and exploring innovative partnerships in the ever-evolving gaming landscape.