Pioneer Crossing casinos in Dayton, Yerington and Fernley under new ownership
Three Lyon County casinos and property owned by Pioneer Crossing casinos, LLC have been bought by Truckee Gaming, company officials announced this week after the deal was completed and approved last month by the Nevada Gaming Control Board.
The casinos are the Pioneer Crossing Casino in Dayton, the Pioneer Crossing Casino in Fernley and the Pioneer Crossing in Yerington. Truckee Gaming, which owns the Gold Ranch casinos in Verdi and Dayton, received Nevada Gaming Commission approval and closed on the acquisition Dec. 21, 2017.
“The acquisition allows us to continue our focus on providing exceptional value and service to our patrons in the rapidly-growing northern Nevada market. We look forward to continuing the growth of our platform and welcoming the hardworking employees at the Pioneer properties to our team,” stated Ferenc Szony, CEO of Truckee Gaming, LLC.
Truckee Gaming obtained financing from Mutual of Omaha Bank and Global Leveraged Capital Investment Advisors, LLC to support additional growth and working capital.
“These are three great Nevada communities poised for exciting growth, and we are excited to be a part of it,” continued Szony. “With their success in economic development and the resurgence of mining and other industries, we are incredibly optimistic about Dayton, Fernley and Yerington.”
“We are pleased to continue our long relationship with Truckee Gaming, Ferenc and GLC,” said Ashan Perera, Mutual of Omaha Bank’s head of Gaming & Corporate Banking.
“GLC looks forward to continuing to support Truckee Gaming and its great management team as it integrates the Pioneer Crossing Casinos,” stated Thomas Benninger, Managing Partner at GLC.
Imperial Capital served as exclusive financial advisor to Pioneer Crossing Casinos, LLC, on the sale.
Truckee Gaming, LLC is a Reno-based gaming company that now owns and operates five casinos in the Northern Nevada region with more than 45,000 square feet of gaming space.
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