RENO - Truckee Gaming, LLC is pleased to announce that it has completed the acquisition of three casinos and additional land owned by Pioneer Crossing Casinos, LLC. The casinos are the Pioneer Crossing Casino in Dayton, Nevada; the Pioneer Crossing Casino in Fernley, Nevada; and the Pioneer Crossing Yerington in Yerington, Nevada. Truckee Gaming received Nevada gaming commission approval and closed on the acquisition on December 21, 2017.
“The acquisition allows us to continue our focus on providing exceptional value and service to our patrons in the rapidly-growing northern Nevada market. We look forward to continuing the growth of our platform and welcoming the hardworking employees at the Pioneer properties to our team,” stated Ferenc Szony, CEO of Trucking Gaming, LLC. Truckee Gaming obtained financing from Mutual of Omaha Bank (MOB) and Global Leveraged Capital (GLC) Investment Advisors (GLCIA), LLC to support additional growth and working capital.
“These are three great Nevada communities poised for exciting growth, and we are excited to be a part of it,” continued Szony. “With their success in economic development and the resurgence of mining and other industries, we are incredibly optimistic about Dayton, Fernley and Yerington.”
Ashan Perera, Mutual of Omaha Bank’s head of Gaming & Corporate Banking said, “We are pleased to continue our long relationship with Truckee Gaming, Ferenc and GLC.”
“GLC looks forward to continuing to support Truckee Gaming and its great management team as it integrates the Pioneer Crossing Casinos,” stated Thomas Benninger, Managing Partner at GLC.
Imperial Capital served as exclusive financial advisor to Pioneer Crossing Casinos, LLC, on the sale.
ABOUT TRUCKEE GAMING LLC
Truckee Gaming, LLC is a Reno based gaming company that owns and operates five casinos in the Northern Nevada Region with over 45,000 square feet of gaming space. For more information on Truckee Gaming, please visit its website at www.truckeegaming.com.
ABOUT GLC INVESTMENT ADVISORS
GLC Investment Advisors (GLCIA) is the investment arm of GLC, with approximately $500 million of assets under management. GLCIA focuses primarily on the middle market, and invest debt and equity capital for leveraged buyouts, strategic acquisitions, recapitalizations and growth financings. GLCIA also leads principal investors in distressed companies, where it can utilize its capital to play an active role in the restructuring process. For more information on GLCIA, please visit its website at www.glcllc.com or contact Avin Dwivedy at 212-835-9951.
ABOUT MUTUAL OF OMAHA BANK
Mutual of Omaha Bank is a leading business bank and is part of the Mutual of Omaha family of Companies. Mutual of Omaha has been committed to listening to customers and helping them by providing an array of insurance, financial and banking products, for more than a century. For more information on Mutual of Omaha Bank, please visit its website at www.mutualofomahabank.com or contact Ashan Perera at 702-241-7774.