Did you test your gambling habits yet?

Join

THE GAMALYZE CHALLENGE

Colorado's Johnny Nolon's and Colorado Grande Casinos to Change Ownership

Listen to this news articleLISTEN TO THIS ARTICLE:

In a strategic move to solidify its presence in the vibrant gaming scene of Cripple Creek, Colorado, casino operator Rocky Mountain Gaming has entered into definitive agreements to acquire the operating assets of two iconic properties. The acquisition of Johnny Nolon's Casino and Colorado Grande Casino, subject to approval by the Colorado Gaming Commission, marks a significant step in Rocky Mountain Gaming's expansion plans, strengthening its foothold in the town's renowned gaming district.

Casino Industry Consolidation Continues

Johnny Nolon's, one of Cripple Creek's original casinos, has long been a go-to establishment, known for its friendly atmosphere and lively gaming experience. With this acquisition, Rocky Mountain Gaming gains access to a diverse portfolio of 400 gaming devices, catering to a wide range of players seeking excitement and entertainment.

Related: Cripple Creek, Colorado, to Welecome New Casino Resort in December

The acquisition also includes Colorado Grande, a well-established property that boasts a rich history and a loyal customer base. The casino features a vibrant gaming floor, Maggie's Restaurant and an intimate hotel with seven rooms. This addition further enhances Rocky Mountain Gaming's diverse offerings, appealing to a broader spectrum of patrons.

David Minter, who operates both Johnny Nolon's and Colorado Grande through Minter Holdings, acknowledged the significance of the acquisition in a statement. He expressed pride in the legacy of these properties and their enduring presence in the heart of Cripple Creek.

Rocky Mountain Won't Change the Landscape

David D. Ross, Michael J. Gaughan III and Joseph J. Canfora, the team behind Rocky Mountain Gaming, envision a future where the acquired properties maintain their unique charm while embracing modern gaming trends. Their combined expertise, spanning over three decades in the casino industry, will ensure the continued success of these iconic venues.

Canfora, a seasoned casino veteran with over four decades of experience, expressed his enthusiasm for this venture, stating that the opportunity to revitalize the old Cripple Creek atmosphere and cater to local players was particularly compelling.

Ross, drawing on his insights into the local market, highlighted the growing popularity of Cripple Creek, particularly due to the presence of prominent casino operators like Golden Nugget. This influx of new players presents a promising opportunity for Rocky Mountain Gaming to further expand its customer base and establish itself as a leading force in the town's gaming industry.

This acquisition underscores Rocky Mountain Gaming's commitment to growth and innovation within the Colorado gaming landscape. By adding these two popular casinos to its portfolio, the company aims to enhance the gaming experience for Cripple Creek's patrons, while also preserving the town's unique charm and rich heritage.

More Business News

RELATED TOPICS: Business

Leave a Comment

user avatar
My Name United States of America
Rating:
0.0
Your Comment

User Comments

Comments for Colorado's Johnny Nolon's and Colorado Grande Casinos to Change Ownership