Truckee Gaming, LLC has officially announced the completion of its acquisition of Pioneer Crossing Casinos, LLC, significantly broadening its presence in the Northern Nevada gaming market. This strategic move, finalized on December 21, 2017, includes the acquisition of three Nevada-based casinos, notably the Pioneer Casino Fernley Nv, alongside properties in Dayton and Yerington.
The acquisition of Pioneer Crossing Casinos marks a significant step for Truckee Gaming, reinforcing its commitment to delivering exceptional service and value within the burgeoning Northern Nevada region. Ferenc Szony, CEO of Truckee Gaming, LLC, highlighted the strategic importance of this acquisition, stating, “The acquisition allows us to continue our focus on providing exceptional value and service to our patrons in the rapidly-growing northern Nevada market.” He further emphasized the welcoming of Pioneer properties’ employees to their team, signaling a smooth transition and integration.
This expansion was financially supported by Mutual of Omaha Bank (MOB) and Global Leveraged Capital (GLC) Investment Advisors (GLCIA), LLC, demonstrating strong financial backing for Truckee Gaming’s growth trajectory. “These are three great Nevada communities poised for exciting growth, and we are excited to be a part of it,” Szony added, expressing optimism about the economic prospects of Dayton, Fernley, and Yerington, fueled by economic development and the resurgence of key industries. The inclusion of Pioneer Casino Fernley NV in this acquisition is particularly noteworthy for those familiar with the Nevada gaming scene.
Ashan Perera, representing Mutual of Omaha Bank, conveyed pleasure in continuing their established relationship with Truckee Gaming. Similarly, Thomas Benninger of GLC Investment Advisors expressed GLC’s ongoing support for Truckee Gaming and its management as they integrate the Pioneer Crossing Casinos into their portfolio. Imperial Capital acted as the exclusive financial advisor to Pioneer Crossing Casinos, LLC, throughout this sale process.
Truckee Gaming LLC, now operating five casinos in Northern Nevada, boasts over 45,000 square feet of gaming space, solidifying its position as a key player in the region’s entertainment and gaming sector. For individuals seeking more information about Truckee Gaming, their website, www.truckeegaming.com, provides additional details.
GLC Investment Advisors (GLCIA), the investment division of GLC managing approximately $500 million in assets, specializes in middle market investments, including leveraged buyouts and strategic acquisitions. Further details about GLCIA can be found at www.glcllc.com. Mutual of Omaha Bank, a part of the Mutual of Omaha Companies, has a long-standing history of over a century in providing diverse financial and banking products. More information is available at www.mutualofomahabank.com.
This acquisition signals a positive development for the Northern Nevada gaming landscape, with Pioneer Casino Fernley NV and its sister properties poised to benefit from Truckee Gaming’s expanded platform and strategic vision.
