![]() | A major contributor to this article appears to have a close connection with its subject.(March 2024) |
Blake L. Sartini | |
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Chairman, President and CEO of Golden Entertainment, Inc. | |
Personal details | |
Born | Blake L. Sartini January 16, 1959 Stockton, California, U.S. |
Spouse | Delise Sartini |
Children | Blake Jr. Lorenzo Sandra |
Residence(s) | Las Vegas, Nevada |
Alma mater | University of Nevada, Las Vegas Business Administration(BA) |
Occupation | Gaming and Entertainment Entrepreneur |
Blake L. Sartini (born January 16, 1959) is an American entrepreneur in the Nevada gaming and entertainment industry.
He is Chairman, President and CEO of Golden Entertainment, Inc., an owner and operator of distributed gaming, taverns and casinos based in Las Vegas, Nevada. It was formed in 2015 by the merger of Golden Gaming (founded in 2001 by Blake Sartini) and Lakes Entertainment. [1] The Golden Entertainment, Inc. owns and operates gaming properties across two divisions – distributed gaming and resort and casino operations. Golden Entertainment, Inc. operates more than 12,000 gaming devices and over 30 table games in Nevada, Maryland and Montana. The company owns four casino properties, over 55 taverns and operates approximately 980 distributed gaming locations in Nevada, Maryland and Montana. In June 2017, Golden agreed to purchase American Casino & Entertainment Properties for $850 million, which would expand the company's casino portfolio by four: the Stratosphere Las Vegas, Arizona Charlie's Boulder, Arizona Charlie's Decatur, and the Aquarius Casino Resort. The transaction closed in October 2017 and Golden owns and operates eight casino-resort properties - seven in Nevada and one in Maryland. [2] [3] In March 2018, Sartini and Golden Entertainment announced plans for a $140 million renovation of the Stratosphere Las Vegas that will be completed in three phases. [4] In January 2019, Golden Entertainment closed on its $190 million deal to acquire two Laughlin casinos, Colorado Belle and Edgewater. [5]
Blake L. Sartini was born in Stockton, in the San Joaquin County of California. He is the son of Arthur Dennis Sartini and Sandra Louise Myers. He attended junior college in Stockton, and in 1964, when Blake was 5 years old, Arthur took a job as the assistant executive director of the Las Vegas Housing Authority. [6]
Sartini attended Ed W. Clark High School, where he played football as a tight end and defensive end. He enrolled in the University of Nevada, Las Vegas and in 1982 earned his bachelor's degree in Business Administration.
Sartini began his career as a craps dealer in a downtown Las Vegas hotel and casino. Following, he worked in various management and executive management positions with several gaming and entertainment companies. [7] His career included working on the Las Vegas strip at the Barbary Coast Hotel and Casino and ultimately joining Station Casinos Inc.,where he held the positions of Chief Operating Officer and Director. He was one of the four founding members when it became a public entity in May 1993. [8] Under Sartini’s leadership the company grew from one property with 2,000 team members and $150 million in revenue to eight casinos with 12,000 team members and $850 million in revenue. [9]
Throughout the 1990s Sartini served as president of the Station Casinos subsidiary Southwest Gaming Services, a slot route operator that he founded in 1985. In 2001, he acquired the company from Station Casinos [10] and it became Golden Route Operations, a division of Golden Gaming, LLC.
In 2002, he formed the Golden Tavern Group subsidiary — now known as PT’s Entertainment Group — and acquired the PT’s chain of taverns. [11] It is now the largest tavern operator in Nevada, with over 55 establishments including PT’s, Sean Patrick's Irish Pub & Grill, Sierra Gold and SG Bar.
The third division is the Golden Casino Group, which consists of the Pahrump Nugget Hotel & Casino, the Gold Town Casino and the Lakeside Casino and RV Park in Pahrump, Nevada and Rocky Gap Casino and Resort in Flintstone, Maryland.
The Gold Town and Lakeside Casino and RV Park were purchased as part of a larger deal in March 2012 with Affinity Gaming [12] that made Golden Gaming the largest casino operator in Nye County, and also (through Affinity’s slot route business) the largest slot route operator in Nevada. [13] In January 2013, the Nevada Gaming Commission approved the issue of an interactive gaming license to Sartini Synergy Online, the interactive arm of Golden Gaming. [14]
The company expanded into Montana in 2016, purchasing slot routes with 2,800 machines for a total of $45 million. [15]
In June 2017, Golden agreed to purchase American Casino & Entertainment Properties for $850 million, which would expand the company's casino portfolio by four: the Stratosphere Las Vegas, Arizona Charlie's Boulder, Arizona Charlie's Decatur, and the Aquarius Casino Resort. [16] The transaction is expected to close in the fourth quarter of 2017 and Golden will own and operate eight casino-resorts - seven in Nevada and one on Maryland.
In June 2017, Golden Entertainment was granted a gaming license by the Illinois Gaming Board to operate video gaming terminals at bars, restaurants, truck stops and fraternal and veterans organizations. This marked the fourth state Golden is licensed. [17]
In October 2017, Golden Entertainment closed its $850 million purchase of American Casino & Entertainment Properties which expanded the company's casino portfolio by four: the Stratosphere Las Vegas, Arizona Charlie's Boulder, Arizona Charlie's Decatur, and the Aquarius Casino Resort. [18]
In January 2019, Golden Entertainment closed its $190 million acquisition of Laughlin properties, Colorado Belle and Edgewater. [19]
In addition to his gaming and entertainment interests, Sartini is also founder, chairman and CEO of Sartini Enterprises, Inc. a family investment company established in 2007.
In 2007, Sartini co-founded a startup bank called Service1st Bank of Nevada.
The bank was acquired in September 2009 by Global Consumer Acquisition Corp., which soon became Western Liberty Bancorp. [20] Western Liberty in turn was purchased by Western Alliance, the parent company of Bank of Nevada, in August 2012. [21] As its largest shareholder, Sartini was also a board member of Service1st through its acquisition and took a director role after its acquisition, which he served through 2011.
Sartini started the Sartini Family Foundation to enable charitable donations and has made significant contributions to the following organizations: [ citation needed ]
Sartini was the chair of the capital campaign for Bishop Gorman High School which raised over $50 million. This was put toward the construction of a new campus. [22] He is also a member of the Board of Trustees of the University of Nevada, Las Vegas (UNLV) Foundation.
Sartini has been married to his wife Delise since 1983. They have three children: Blake Jr., Lorenzo, and Sandra. [23]
Mirage Resorts was an American company that owned and operated hotel-casinos. It was acquired by MGM Grand, Inc. in 2000, forming MGM Mirage.
The Strat Hotel & Casino & Tower is a hotel and casino located in Las Vegas, Nevada, United States. It includes a 1,149 ft (350.2 m) observation tower, the tallest in the United States. It is also the second-tallest observation tower in the Western Hemisphere, surpassed only by the CN Tower in Toronto, Ontario. The tower is topped by a skypod which includes a revolving restaurant, lounges, and observation decks. The top of the tower also has several thrill rides. The hotel and casino facilities are situated at the base of the tower, and the resort also includes a showroom and a shopping mall. The Stratosphere is located within city limits on Las Vegas Boulevard, just north of the Las Vegas Strip. The resort is sometimes considered to be a Strip property, although Clark County does not officially recognize it as such, stating that the Strip does not extend into city limits.
The Golden Nugget Laughlin is a hotel and casino located on the banks of the Colorado River in Laughlin, Nevada. It is owned and operated by Landry's, Inc. It offers a number of restaurants, 300 guest rooms and suites, a casino floor, and meeting spaces. The Golden Nugget offers water taxi service from Bullhead City, Arizona, on the opposite side of the river.
Golden Nugget Hotels & Casinos is an American chain of luxury hotels and casinos. It currently operates six casino resorts in Nevada, Louisiana, New Jersey, Illinois, and Mississippi.
Station Casinos, LLC is an American hotel and casino company based in Las Vegas suburb of Summerlin South, Nevada, and founded by Frank Fertitta Jr. Station Casinos, along with Affinity Gaming, Boyd Gaming and Golden Entertainment, dominate the locals casino market in Las Vegas. The company purchased several sites that were gaming-entitled, meaning that major casinos can be built at that location without additional approvals. There are only a limited number of such sites available in the Las Vegas area. Station Casinos has also branched out into managing casinos that they do not own. Red Rock Resorts, Inc. is a publicly traded holding company that owns a portion of Station Casinos.
A locals casino is a casino designed primarily to attract residents of the area in which it was built rather than tourists or vacationers. The term is most commonly associated with casinos in Nevada, United States, to distinguish them from casinos that target mostly tourists in a central area. Locals casinos tend to operate under slightly different business models than those frequented by tourists, most notably having lower house advantages.
The Aquarius Casino Resort is a hotel and casino located on the banks of the Colorado River in Laughlin, Nevada. It is owned and operated by Golden Entertainment and is the largest hotel in Laughlin.
The Edgewater Hotel and Casino is a casino hotel on the banks of the Colorado River in Laughlin, Nevada, owned and operated by Golden Entertainment.
The Colorado Belle was a casino hotel on the banks of the Colorado River in Laughlin, Nevada, owned and operated by Golden Entertainment. Initially closed on March 17, 2020 due to the COVID-19 pandemic, on May 18, 2020, Golden Entertainment announced that the Colorado Belle would remain closed "indefinitely," even after casinos were allowed to reopen. As of January 2024, the property remains closed.
Golden Entertainment is an American gaming company based in Enterprise, Nevada that operates casinos, taverns and slot routes. It was formed in 2015 by the merger of Golden Gaming and Lakes Entertainment. It is the largest tavern operator and largest slot route operator in Nevada. In October 2017, the company completed an $850 million acquisition of American Casino & Entertainment Properties. The company now has eight casino resorts, all located in Southern Nevada.
Terrible Herbst, or Terrible Herbst Oil Company, is an American privately held gas station company based in Paradise, Nevada, United States.
Affinity Interactive, formerly known as Herbst Gaming and Affinity Gaming, is an American private casino and sports betting company based in Paradise, Nevada. It operates eight casinos in Nevada, Missouri, and Iowa, and publishes the Daily Racing Form.
American Casino & Entertainment Properties (ACEP) owned and operated 4 casinos. It was purchased by Golden Entertainment in October 2017 for $850 million. ACEP was a casino holding company headquartered at the Stratosphere Las Vegas. ACEP was a wholly owned subsidiary of American Real Estate Partners before it was sold to Whitehall Street Real Estate Funds, an investment arm of Goldman Sachs, in February 2008. The company owned the following 4 casinos: Aquarius Casino Resort, Arizona Charlie's Decatur, Arizona Charlie's Boulder and Stratosphere Las Vegas. Golden Entertainment acquired ACEP from Whitehall.
Tropicana Entertainment Inc. was a publicly traded gaming company that owned and operated casinos and resorts in Indiana, Louisiana, Mississippi, Nevada, Missouri, New Jersey. and Aruba. Tropicana properties collectively had approximately 5,500 rooms, 8,000 slot positions and 270 table games. The company was based in Spring Valley, Nevada, and was majority-owned by Icahn Enterprises. The company was acquired in 2018 by Eldorado Resorts and Gaming and Leisure Properties for $1.85 billion.
Arizona Charlie's Boulder is a 301-room hotel and a 35,000-square-foot (3,300 m2) locals casino located in Paradise, Nevada, United States. It is owned and operated by Golden Entertainment. It is located on Boulder Highway between Boulder Station and Sam's Town.
Arizona Charlie's Decatur is a 258-room hotel and casino with a 59,000-square-foot (5,500 m2) locals casino in the Charleston Heights area of Las Vegas, Nevada, United States. It is owned and operated by Golden Entertainment.
Gaming and Leisure Properties, Inc. is a real estate investment trust (REIT) specializing in casino properties, based in Wyomissing, Pennsylvania. It was formed in November 2013 as a corporate spin-off from Penn National Gaming. The company owns 59 casino properties, all of which are leased to other companies.
Caesars Entertainment, Inc., formerly Eldorado Resorts, Inc., is an American hotel and casino entertainment company founded and based in Reno, Nevada that operates more than 50 properties. Eldorado Resorts acquired Caesars Entertainment Corporation and changed its own name to Caesars Entertainment on July 20, 2020.
Vici Properties Inc. is a real estate investment trust (REIT) specializing in casino and entertainment properties, based in New York City. It was formed in 2017 as a spin-off from Caesars Entertainment Corporation as part of its bankruptcy reorganization. It owns 54 casinos, hotels, and racetracks, 4 golf courses, and 38 bowling alleys around the United States and Canada.
Circa Resort & Casino is a casino and hotel resort in downtown Las Vegas, Nevada, on the Fremont Street Experience. The property was previously occupied by the Las Vegas Club hotel-casino, the Mermaids Casino, and the Glitter Gulch strip club. Circa is owned by brothers Derek and Greg Stevens, who also own other downtown casinos. They purchased the Las Vegas Club in 2015, followed by the acquisition of Mermaids and Glitter Gulch. The three businesses were demolished in 2017, and construction on Circa began in February 2019, with an opening initially scheduled for December 2020.