Rocky Mountain Gaming to acquire Johnny Nolon’s Casino and Colorado Grande Casino
The deal is pending approval and licensing from the Colorado Division of Gaming.
Rocky Mountain Gaming has entered into a definite agreement with Minter Holdings LLC to acquire the operating assets of Johnny Nolon’s Casino.
The company has also entered into a definite agreement with G Investments LLC to acquire the operating assets of the Colorado Grande Casino.
Both properties are managed by David Minter through Minter Holdings LLC and have approximately 400 gaming devices and 7 hotel rooms combined between them.
Rocky Mountain Gaming was founded by David D. Ross, Michael J. Gaughan III and Joseph J. Canfora, while Minter is the sole owner of Johnny Nolon’s and the majority owner of Colorado Grande’s operating assets.
Canfora said: “I was surprised when David and Michael first approached me with the opportunity to get back into the Cripple Creek market.
“After thinking about it, I realized that Johnny Nolon’s and Colorado Grande presented the opportunity to maintain the old Cripple Creek casino feel that the locals had grown accustomed to.”
Ross explained: “The Cripple Creek market is growing rapidly with Golden Nugget bringing in an anchor restaurant like Salt Grass, and the opening of Chamonix this month.
“Those two operators, at either end of the town, will help attract new visitors to Cripple Creek, and we think there’s an opportunity for our properties to offer a true locals experience that caters to individuals looking for loose slots and personal service.”
Minter added: “I’m proud of what I’ve accomplished at these two casinos over the years.
“While other casinos were coming and going and changing owners, we were a constant in this town. I look forward to seeing what Rocky Mountain Gaming CC brings to these casinos I love so much.”
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