Eric Persson says he is leaving maker of slot machines Aruze Gaming America Inc now that his company Maverick Casinos LLC and Nevada Gold and Casinos Inc have agreed to merge. Mr Persson is president and chief operating officer of Aruze Gaming and the majority shareholder in Maverick Casinos and its affiliates.
In a written announcement Mr Persson said he would leave Aruze Gaming on the signing of an agreement by Maverick Casinos and Nevada Gold to merge.
Mr Persson’s announcement, which he issued on Friday, says Maverick Casinos will buy all the outstanding shares of Nevada Gold common stock for US$2.50 a share in cash, subject to certain minor adjustments.
“With this important purchase, I will be leaving Aruze to focus on my growing company,” Mr Persson said. “I couldn’t be more proud of the product path that we created over the last year and a half.”
The merger with Maverick Casinos will make Nevada Gold a private company. Maverick Casinos and its affiliates own the Wendover Nugget and Red Garter Hotel in Wendover, in the U.S. state of Nevada.
Maverick Casinos intends to fund its merger with Nevada Gold by borrowing or by using its own cash. The deal is not subject to financing as a condition. The companies expect to close the deal this year, Mr Persson said.
