Truckee Gaming, LLC has officially broadened its presence in the Nevada gaming market with the successful acquisition of Pioneer Crossing Casinos. This significant move, finalized on December 21, 2017, includes the popular Pioneer Crossing Casino in Dayton, NV, alongside properties in Fernley and Yerington. The acquisition signals Truckee Gaming’s commitment to growth and exceptional service in the burgeoning Northern Nevada region.
The deal, approved by the Nevada Gaming Commission, marks a strategic expansion for Reno-based Truckee Gaming. Ferenc Szony, CEO of Truckee Gaming, LLC, highlighted the acquisition’s alignment with their focus on delivering outstanding value and service to patrons in Northern Nevada’s rapidly developing market. He also expressed enthusiasm in welcoming the Pioneer properties’ employees to the Truckee Gaming team. Financing for this acquisition was secured through partnerships with Mutual of Omaha Bank and Global Leveraged Capital (GLC) Investment Advisors (GLCIA), demonstrating strong financial backing for Truckee Gaming’s expansion strategy.
Szony further emphasized the promising growth potential of Dayton, Fernley, and Yerington. He noted the communities’ success in economic development and the resurgence of key industries like mining, expressing strong optimism about the future of these locations. This acquisition positions Truckee Gaming to capitalize on the positive economic trajectory of these Nevada towns, particularly Dayton, known for its historical significance and growing residential areas.
Ashan Perera, head of Gaming & Corporate Banking at Mutual of Omaha Bank, conveyed pleasure in continuing their established relationship with Truckee Gaming, Ferenc, and GLC. Similarly, Thomas Benninger, Managing Partner at GLC, expressed GLC’s ongoing support for Truckee Gaming and its management team as they integrate the Pioneer Crossing Casinos into their portfolio. Imperial Capital acted as the exclusive financial advisor to Pioneer Crossing Casinos, LLC, throughout the sale process.
About Truckee Gaming LLC
Truckee Gaming, LLC, based in Reno, Nevada, now operates five casinos in Northern Nevada, boasting over 45,000 square feet of gaming space. The company is dedicated to providing quality entertainment and gaming experiences in the region. For more details about Truckee Gaming, please visit their website at www.truckeegaming.com.
About GLC Investment Advisors
GLC Investment Advisors (GLCIA), the investment division of GLC, manages approximately $500 million in assets. GLCIA focuses on middle-market investments, providing debt and equity capital for various financial activities including leveraged buyouts, strategic acquisitions, recapitalizations, and growth financing. GLCIA also takes a leading role in distressed company investments and restructurings. For more information about GLCIA, please visit 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 a part of the Mutual of Omaha Companies family. With over a century of commitment, Mutual of Omaha offers a wide range of insurance, financial, and banking products. For more information on Mutual of Omaha Bank, please visit www.mutualofomahabank.com or contact Ashan Perera at 702-241-7774.
