Rocky Mountain Gaming Completes Colorado Casino Acquisition
Rocky Mountain Gaming (RMG) has successfully acquired Johnny Nolon's Casino and the Colorado Grande Casino, both located in Cripple Creek, Colorado. This acquisition marks a significant expansion for RMG within the state's gaming industry.
Johnny Nolon's Casino in Cripple Creek, Colorado. (Source: Uncover Colorado)
LISTEN TO THIS ARTICLE:The company finalized the deal after receiving the necessary approval from the Colorado Division of Gaming during its most recent meeting. This approval was the final regulatory step needed for the transaction to proceed, ensuring that RMG could assume full control of the two properties.
Related: Colorado's Johnny Nolon's and Colorado Grande Casinos to Change OwnershipThe acquisition was first announced in December 2023 when RMG entered into a definitive agreement with Minter Holdings and G Investments. Under the terms of the deal, RMG acquired the operating assets of Johnny Nolon's Casino from Minter Holdings, managed by David Minter. Simultaneously, the company also acquired the operating assets of the Colorado Grande Casino from G Investments. With the successful completion of these transactions, RMG has now added two well-established properties in Cripple Creek to its portfolio, further solidifying its presence in the Colorado gaming market.
With the acquisition of these two casinos, RMG is positioned to expand its influence within the Cripple Creek gaming market, which is one of Colorado's three primary gaming hubs alongside Black Hawk and Central City. The acquisition comes at a time of growing competition in the region, as operators seek to attract more visitors amid increasing tourism and interest in Colorado's gaming industry.
More Business News
Preserving Cripple Creek History
Johnny Nolon's Casino, a staple of Cripple Creek's gaming scene, has a history that dates back to the legalization of limited stakes gambling in Colorado in 1991. Named after Johnny Nolon, a 19th-century pioneer and entrepreneur in Cripple Creek, the casino was among the early entrants into the local gaming industry.
Nolon was a notable figure during the gold rush era, operating a successful stagecoach line that transported people and goods between Cripple Creek and the surrounding areas. His name and legacy were revived when Johnny Nolon's Casino opened its doors, quickly becoming a popular destination for visitors and locals alike. The casino has long been known for its friendly atmosphere, offering a wide variety of slot machines and table games to cater to a broad range of gaming enthusiasts.
The Colorado Grande Casino has its own unique place in the region's gaming history. Housed in the historic Fairley Brothers and Lampman Building, which was originally constructed in 1896, the casino opened shortly after the introduction of legalized gambling in Colorado.
The building is a significant part of Cripple Creek's architectural heritage, reflecting the town's boom period during the late 19th century. The Colorado Grande Casino has maintained its charm by preserving much of the building's original structure and historical features, making it a popular destination not just for gaming but also for those interested in the rich history of Cripple Creek. The casino has long offered a selection of slot machines, as well as a small number of table games, providing a more intimate gaming experience compared to some of the larger properties in town.
RELATED TOPICS: Business
Latest News
Most Read
Must Read
Interviews
Review this New Post
Leave a Comment
User Comments
Comments for Rocky Mountain Gaming Completes Colorado Casino Acquisition