ALEXANDER HUTTON ADVISES
ON
SALE
OF CRAZY MOOSE CASINOS
05/12/09
SEATTLE - Alexander Hutton is pleased to announce the successful sale of its clients, the Crazy Moose Casinos and Coyote Bob's Roadhouse Casino. Alexander Hutton initiated the transaction, assisted in the negotiations and acted as financial advisor to the clients' shareholders. Dave Fitterer, a Managing Director at Alexander Hutton, observed, "the closure of this deal demonstrates the fact that properly performing companies are saleable even in this current economic climate."
The President of Crazy Moose Casinos commented, "I would truly like to thank the Alexander Hutton team for the work they did selling our businesses. Their knowledge, hard work and professionalism truly made a difference. I not only would recommend Alexander Hutton, I will use them for our future sales and acquisitions."
The acquirer, Nevada Gold & Casinos, Inc. (NYSE:UWN), is a developer, owner and operator of gaming facilities in Colorado, California and the southeastern United States. Nevada Gold paid $15.75 million for the acquisition. "We are very excited about this acquisition and the potential market opportunity. This acquisition marks our entry into the Northwest market and we foresee significant growth opportunities," said Robert Sturges, CEO of Nevada Gold.
Alexander Hutton, the Seattle office of M&A International, is the most established seller of private companies in the region having completed over 180 transactions.
For additional information, contact Tom Elzey or Scott Hardman, Managing Directors at Alexander Hutton.
Tom Elzey: 206.792.1968 or telzey@alexanderhutton.com
Scott Hardman: 206.792.1964 or shardman@alexanderhutton.com