We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Nevada Gold & Casinos, Inc. | AMEX:UWN | AMEX | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.54 | 0.00 | 01:00:00 |
| | |
Page
|
| |||
| | | | 1 | | | |
| | | | 5 | | | |
| | | | 17 | | | |
| | | | 19 | | | |
| | | | 19 | | | |
| | | | 19 | | | |
| | | | 19 | | | |
| | | | 20 | | | |
| | | | 20 | | | |
| | | | 20 | | | |
| | | | 20 | | | |
| | | | 21 | | | |
| | | | 21 | | | |
| | | | 22 | | | |
| | | | 22 | | | |
| | | | 29 | | | |
| | | | 32 | | | |
| | | | 32 | | | |
| | | | 33 | | | |
| | | | 33 | | | |
| | | | 35 | | | |
| | | | 36 | | | |
| | | | 38 | | | |
| | | | 38 | | | |
| | | | 38 | | | |
| | | | 40 | | | |
| | | | 42 | | | |
| | | | 43 | | | |
| | | | 51 | | | |
| | | | 54 | | | |
| | | | 55 | | | |
| | | | 56 | | | |
| | | | 57 | | | |
| | | | 57 | | | |
| | | | 57 | | | |
| | | | 57 | | | |
| | | | 57 | | | |
| | | | 58 | | | |
| | | | 58 | | | |
| | | | 59 | | |
| | |
Page
|
| |||
| | | | 60 | | | |
| | | | 63 | | | |
| | | | 65 | | | |
| | | | 68 | | | |
| | | | 69 | | | |
| | | | 70 | | | |
| | | | 70 | | | |
| | | | 71 | | | |
| | | | 72 | | | |
| | | | 72 | | | |
| | | | 73 | | | |
| | | | 73 | | | |
| | | | 73 | | | |
| | | | 73 | | | |
| | | | 73 | | | |
| | | | 73 | | | |
| | | | 76 | | | |
| | | | 77 | | | |
| | | | 78 | | | |
| | | | 78 | | | |
| | | | 79 | | | |
| | | | 79 | | | |
| | | | 79 | | | |
| | | | 81 | | | |
| | | | 82 | | | |
| | | | 84 | | | |
| | | | 84 | | | |
| | | | 85 | | | |
| | | | 85 | | | |
| | | | 85 | | | |
| | | | 85 | | | |
| | | | 85 | | | |
| | | | 86 | | | |
APPENDIX A —
Agreement and Plan of Merger and Amendment No. 1 to Agreement and Plan of Merger
|
| | | | | | |
APPENDIX B — Securities Purchase Agreement | | | | | | | |
APPENDIX C — Escrow Agreement | | | | | | | |
APPENDIX D — Opinion of Rossoff & Company, LLC | | | | | | | |
Executive Officer
|
| |
Cash
($) (1) |
| |
Unvested
Equity (Single Trigger) ($) (2) |
| |
Vested
Equity (Single Trigger) ($) (3) |
| |
Perquisites/
Benefits ($) (4) |
| |
Total
($) |
| |||||||||||||||
Michael P. Shaunnessy
|
| | | $ | 342,951 | | | | | $ | 30,000 | | | | | $ | 463,000 | | | | | $ | 17,472 | | | | | $ | 851,757 | | |
James D. Meier
|
| | | $ | 259,294 | | | | | $ | 25,000 | | | | | $ | 127,000 | | | | | $ | 17,472 | | | | | $ | 427,100 | | |
Victor H. Mena
|
| | | $ | 259,294 | | | | | $ | 20,000 | | | | | $ | 124,250 | | | | | $ | 17,472 | | | | | $ | 419,350 | | |
Ernest E. East
|
| | | $ | 253,462 | | | | | $ | 20,000 | | | | | $ | 133,100 | | | | | $ | 17,472 | | | | | $ | 423,534 | | |
Executive Officer
|
| |
Unvested
Restricted Shares (Single Trigger) (#) |
| |
Unvested
Restricted Shares (Single Trigger) ($) |
| ||||||
Michael P. Shaunnessy
|
| | | | 12,000 | | | | | $ | 30,000 | | |
James D. Meier
|
| | | | 10,000 | | | | | $ | 25,000 | | |
Victor H. Mena
|
| | | | 8,000 | | | | | $ | 20,000 | | |
Ernest E. East
|
| | | | 8,000 | | | | | $ | 20,000 | | |
Executive Officer
|
| |
Vested
Options (Single Trigger) (#) |
| |
Vested
Options (Single Trigger) ($) |
| ||||||
Michael P. Shaunnessy
|
| | | | 300,000 | | | | | $ | 463,000 | | |
James D. Meier
|
| | | | 100,000 | | | | | $ | 127,000 | | |
Victor H. Mena
|
| | | | 95,000 | | | | | $ | 124,250 | | |
Ernest E. East
|
| | | | 100,000 | | | | | $ | 133,100 | | |
| | | | | | | | | | | | | | | | | | | | |
EBITDA
|
| |
EV/EBITDA
|
| ||||||||||||||||||||||||||||||
Company
|
| |
Stock
Price (7/31’18) |
| |
Market
Cap ($MM) |
| |
Enterprise
Value ($MM) |
| |
TTM
|
| |
FY2018
|
| |
FY2019
|
| |
TTM
|
| |
FY2018
|
| |
FY2019
|
| |||||||||||||||||||||||||||
Monarch Casino & Resorts, Inc.
|
| | | $ | 47.67 | | | | | $ | 852 | | | | | $ | 849 | | | | | $ | 56 | | | | | $ | 63 | | | | | $ | 80 | | | | | | 15.1x | | | | | | 13.4x | | | | | | 10.7x | | |
Full House Resorts, Inc.
|
| | | | 3.01 | | | | | | 81 | | | | | | 154 | | | | | | 14 | | | | | | 19 | | | | | | 22 | | | | | | 11.0x | | | | | | 8.1x | | | | | | 7.0x | | |
Century Casinos, Inc.
|
| | | | 8.15 | | | | | | 239 | | | | | | 235 | | | | | | 22 | | | | | | 30 | | | | | | 44 | | | | | | 10.5x | | | | | | 7.9x | | | | | | 5.4x | | |
Nevada Gold
|
| | | $ | 2.03 | | | | | $ | 34 | | | | | $ | 34 | | | | | $ | 5.7 | | | | | $ | 6.0 | | | | | $ | 6.5 | | | | | | 5.9x | | | | | | 5.5x | | | | | | 5.2x | | |
Benchmark
|
| |
High
|
| |
Low
|
| |
Median
|
| |||||||||
Enterprise Value/TTM EBITDA
|
| | | | 15.1x | | | | | | 10.5x | | | | | | 11.0x | | |
Enterprise Value/FY2018 EBITDA
|
| | | | 13.4x | | | | | | 7.9x | | | | | | 8.1x | | |
Enterprise Value/FY2019 EBITDA
|
| | | | 10.7x | | | | | | 5.4x | | | | | | 7.0x | | |
Benchmark
|
| |
Reference Range
|
| |
Implied Price Range
|
|
Enterprise Value/TTM EBITDA
|
| |
6.0x – 6.5x
|
| |
$2.08 – $2.24
|
|
Date Announced
|
| |
Acquirer
|
| |
Target
|
| |
Firm Value
|
| |
TTM
EBITDA |
| |
EV/
EBITDA |
|
March 2018 | | | Far East Consortium International | | | Trans World Corporation | | |
$49.4
|
| |
$5.0
|
| |
9.95x
|
|
March 2017 | | | Penn National Gaming | | | Bally’s Casino Tunica & Resorts Casino Tunica | | |
44.0
|
| |
11.9
|
| |
3.70x
|
|
October 2016 | | | Casino Queen | | | Lady Luck Casino Marquette | | |
40.0
|
| |
5.9
|
| |
6.78x
|
|
September 2015 | | | Full House Resorts, Inc. | | | Bronco Billy’s Casino & Hotel | | |
30.0
|
| |
5.1
|
| |
5.88x
|
|
Benchmark
|
| |
High
|
| |
Low
|
| |
Median
|
| |||||||||
Enterprise Value/TTM EBITDA
|
| | | | 9.95x | | | | | | 3.70x | | | | | | 6.33x | | |
Benchmark
|
| |
Reference Range
|
| |
Implied Price Range
|
|
Enterprise Value/Pro Forma EBITDA
|
| |
4.5x – 5.5x
|
| |
$1.98 – $2.44
|
|
Best Case
|
| ||||||||||||||||||||||||
FYE April; $ in thousands
|
| |
2019 F
|
| |
2020 F
|
| |
2021 F
|
| |
2022 F
|
| ||||||||||||
Washington Net Revenue
|
| | | $ | 58,149 | | | | | $ | 59,893 | | | | | $ | 61,690 | | | | | $ | 63,541 | | |
Washington Property EBITDA
(1)
|
| | | | 6,720 | | | | | | 6,420 | | | | | | 5,960 | | | | | | 5,960 | | |
– Corporate Expenses
(2)
|
| | | | (1,200 ) | | | | | | (1,236 ) | | | | | | (1,273 ) | | | | | | (1,311 ) | | |
Total EBITDA
|
| | | | 5,520 | | | | | | 5,184 | | | | | | 4,687 | | | | | | 4,649 | | |
Worst Case
|
| ||||||||||||||||||||||||
FYE April; $ in thousands
|
| |
2019 F
|
| |
2020 F
|
| |
2021 F
|
| |
2022 F
|
| ||||||||||||
Washington Net Revenue
|
| | | $ | 58,149 | | | | | $ | 59,893 | | | | | $ | 61,690 | | | | | $ | 63,541 | | |
Washington Property EBITDA
(1)
|
| | | | 6,220 | | | | | | 5,420 | | | | | | 4,460 | | | | | | 4,460 | | |
– Corporate Expenses
(2)
|
| | | | (1,200 ) | | | | | | (1,236 ) | | | | | | (1,273 ) | | | | | | (1,311 ) | | |
Total EBITDA
|
| | | | 5,020 | | | | | | 4,184 | | | | | | 3,187 | | | | | | 3,149 | | |
| | |
HIGH
|
| |
LOW
|
| ||||||
Fiscal Ended April 30, 2017 | | | | | | | | | | | | | |
First Quarter Ended July 31, 2016
|
| | | $ | 2.06 | | | | | $ | 1.80 | | |
Second Quarter Ended October 31, 2016
|
| | | $ | 2.13 | | | | | $ | 1.68 | | |
Third Quarter Ended January 31, 2017
|
| | | $ | 2.02 | | | | | $ | 1.64 | | |
Fourth Quarter Ended April 30, 2017
|
| | | $ | 2.23 | | | | | $ | 2.00 | | |
Fiscal Ended April 30, 2018 | | | | | | | | | | | | | |
First Quarter Ended July 31, 2017
|
| | | $ | 2.59 | | | | | $ | 2.08 | | |
Second Quarter Ended October 31, 2017
|
| | | $ | 2.52 | | | | | $ | 2.09 | | |
Third Quarter Ended January 31, 2018
|
| | | $ | 2.80 | | | | | $ | 2.13 | | |
Fourth Quarter Ended April 30, 2018
|
| | | $ | 2.76 | | | | | $ | 2.08 | | |
Fiscal Ended April 30, 2019 | | | | | | | | | | | | | |
First Quarter Ended July 31, 2018
|
| | | $ | 2.50 | | | | | $ | 1.87 | | |
Second Quarter Ended October 31, 2018
|
| | | $ | 2.57 | | | | | $ | 2.14 | | |
Third Quarter (through January 18, 2019)
|
| | | $ | 2.50 | | | | | $ | 2.32 | | |
| | |
Common Stock Beneficially Owned
|
| |||||||||
Name and Address of Beneficial Owner
(1)
|
| |
Number of
Shares |
| |
Percentage of
Class |
| ||||||
5% Stockholders | | | | | | | | | | | | | |
Lafitte Capital Management, L.P.
701 Brazos Street, Suite 310, Austin, TX 78701 |
| | | | 1,534,826 (2) | | | | | | 8.6 % | | |
Ocho Investments LLC
5170 Howards Point Road, Excelsior, MN 55331 |
| | | | 1,504,389 (3) | | | | | | 8.5 % | | |
The TCW Group, Inc.
865 South Figueroa Street, Los Angeles, CA 90017 |
| | | | 1,242,819 (4) | | | | | | 7.0 % | | |
Carl E. Giudici Trust
850 S. Boulder Hwy PMB #432, Henderson, NV 89015 |
| | | | 1,194,256 (5) | | | | | | 6.7 % | | |
Maverick Casinos LLC
2926 Montessouri Street, Las Vegas, NV 89117 |
| | | | 890,390 ( 6 ) | | | | | | 5.0 % | | |
Executive Officers and Directors | | | | | | | | | | | | | |
Frank Catania
|
| | | | 84,004 | | | | | | * | | |
William G. Jayroe
|
| | | | 167,340 ( 7 ) | | | | | | * | | |
Rudolph K. Kluiber
|
| | | | 10,087 | | | | | | * | | |
Shawn W. Kravetz
c/o Esplanade Capital LLC, One International Place, 14 th Floor, Boston, MA 02110 |
| | | | 868,296 ( 8 ) | | | | | | 4.9 % | | |
Francis M. Ricci
|
| | | | 47,504 ( 9 ) | | | | | | * | | |
William J. Sherlock
|
| | | | 141,004 ( 10 ) | | | | | | * | | |
Michael P. Shaunnessy
|
| | | | 333,000 ( 11 ) | | | | | | 1.8 % | | |
James D. Meier
|
| | | | 115,000 ( 12 ) | | | | | | * | | |
Victor H. Mena
|
| | | | 125,343 ( 13 ) | | | | | | * | | |
Ernest E. East
|
| | | | 127,000 ( 14) | | | | | | * | | |
All current directors and executive officers as a group (10 persons)
|
| | | | 2,018,578 ( 15 ) | | | | | | 10.9 % | | |
| | |
Page
|
| |||
| | | | A-1 | | | |
| | | | A-1 | | | |
| | | | A-7 | | | |
| | | | A-9 | | | |
| | | | A-10 | | | |
| | | | A-10 | | | |
| | | | A-10 | | | |
| | | | A-10 | | | |
| | | | A-10 | | | |
| | | | A-11 | | | |
| | | | A-11 | | | |
| | | | A-11 | | | |
| | | | A-11 | | | |
| | | | A-11 | | | |
| | | | A-12 | | | |
| | | | A-13 | | | |
| | | | A-14 | | | |
| | | | A-14 | | | |
| | | | A-14 | | | |
| | | | A-14 | | | |
| | | | A-15 | | | |
| | | | A-15 | | | |
| | | | A-15 | | | |
| | | | A-15 | | | |
| | | | A-16 | | | |
| | | | A-17 | | | |
| | | | A-18 | | | |
| | | | A-18 | | | |
| | | | A-19 | | | |
| | | | A-19 | | | |
| | | | A-20 | | | |
| | | | A-21 | | | |
| | | | A-21 | | | |
| | | | A-21 | | | |
| | | | A-22 | | | |
| | | | A-23 | | | |
| | | | A-25 | | | |
| | | | A-25 | | |
| | |
Page
|
| |||
| | | | A-26 | | | |
| | | | A-28 | | | |
| | | | A-28 | | | |
| | | | A-29 | | | |
| | | | A-29 | | | |
| | | | A-29 | | | |
| | | | A-29 | | | |
| | | | A-30 | | | |
| | | | A-30 | | | |
| | | | A-30 | | | |
| | | | A-30 | | | |
| | | | A-31 | | | |
| | | | A-31 | | | |
| | | | A-31 | | | |
| | | | A-31 | | | |
| | | | A-31 | | | |
| | | | A-32 | | | |
| | | | A-32 | | | |
| | | | A-32 | | | |
| | | | A-33 | | | |
| | | | A-33 | | | |
| | | | A-34 | | | |
| | | | A-34 | | | |
| | | | A-34 | | | |
| | | | A-34 | | | |
| | | | A-34 | | | |
| | | | A-37 | | | |
| | | | A-38 | | | |
| | | | A-40 | | | |
| | | | A-42 | | | |
| | | | A-43 | | | |
| | | | A-44 | | | |
| | | | A-46 | | | |
| | | | A-46 | | | |
| | | | A-46 | | | |
| | | | A-46 | | | |
| | | | A-46 | | |
| | |
Page
|
| |||
| | | | A-47 | | | |
| | | | A-47 | | | |
| | | | A-47 | | | |
| | | | A-48 | | | |
| | | | A-49 | | | |
| | | | A-49 | | | |
| | | | A-49 | | | |
| | | | A-49 | | | |
| | | | A-50 | | | |
| | | | A-51 | | | |
| | | | A-51 | | | |
| | | | A-52 | | | |
| | | | A-52 | | | |
| | | | A-54 | | | |
| | | | A-54 | | | |
| | | | A-54 | | | |
| | | | A-54 | | | |
| | | | A-54 | | | |
| | | | A-55 | | | |
| | | | A-55 | | | |
| | | | A-55 | | | |
| | | | A-56 | | | |
| | | | A-56 | | | |
| | | | A-56 | | | |
| | | | A-57 | | | |
| | | | A-57 | | | |
| | | | A-57 | | |
Defined Term
|
| |
Section
|
|
Acquisition Proposal | | | Section 8.03(b)(ii) | |
Adverse Recommendation Change | | | Section 6.04(a) | |
Advisor | | | Section 4.26 | |
Agreement | | | Preamble | |
Alternative Acquisition Agreement | | | Section 6.04(d) | |
Alternative Commitment Letter | | | Section 6.15(c) | |
Alternative Financing | | | Section 6.15(c) | |
Anti-Corruption and Anti-Bribery Laws | | | Section 4.24(a) | |
Anti-Takeover Law | | | Section 4.28 | |
Articles of Merger | | | Section 2.03 | |
Bankruptcy and Equity Exception | | | Section 4.05(a) | |
Capitalization Date | | | Section 4.04(a) | |
Closing | | | Section 2.02 | |
Closing Date | | | Section 2.02 | |
Closing Statement | | | Section 3.07(a) | |
Company | | | Preamble | |
Company Board | | | Recitals | |
Company Board Recommendation | | | Section 4.05(b) | |
Company Employees | | | Section 6.05(a) | |
Company Financial Statements | | | Section 4.09(b) | |
Company Group | | | Section 9.11 | |
Company Licensed Parties | | | Section 4.08 | |
Company Management Principals | | | Section 4.08 | |
Defined Term
|
| |
Section
|
|
Company Preferred Shares | | | Section 4.04(a) | |
Company Securities | | | Section 6.01(b)(ii) | |
Company Share | | | Recitals | |
Company Share Certificates | | | Section 3.02(b) | |
Company Shares | | | Recitals | |
Company Stockholder Approval | | | Section 4.05(a) | |
Company Stockholders | | | Recitals | |
Company Stockholders’ Meeting | | | Section 6.02(b) | |
Confidentiality Agreement | | | Section 6.03(c) | |
Continuing Officer | | | Section 6.05(d) | |
Current Annual Capital Plan | | | Section 6.01(b)(xiii) | |
D&O Insurance | | | Section 6.06(c) | |
Debt Commitment Letter | | | Section 5.08 | |
Debt Financing | | | Section 5.08 | |
Deposit | | | Recitals | |
DOL | | | Section 4.13(a) | |
Drift On Inn | | | Section 4.13(a) | |
DTC | | | Section 3.02(b) | |
Effective Time | | | Section 2.03 | |
Environmental Permits | | | Section 4.17 | |
Equity Commitment Letter | | | Section 5.08 | |
Equity Financing | | | Section 5.08 | |
ERISA | | | Section 4.13(a) | |
ERISA Affiliate | | | Section 4.13(a) | |
Escrow Account | | | Recitals | |
Escrow Agent | | | Recitals | |
Escrow Agreement | | | Recitals | |
Expense Reimbursement | | | Section 8.03(b)(iii) | |
Financing | | | Section 5.08 | |
Financing Commitments | | | Section 5.08 | |
Indemnified Party | | | Section 6.06(a) | |
Indemnifying Parties | | | Section 6.06(b) | |
Indemnifying Party | | | Section 6.06(e) | |
IRS | | | Section 4.13(a) | |
Lender | | | Section 5.08 | |
Letter of Transmittal | | | Section 3.02(b) | |
Licensed Parties | | | Section 5.10 | |
Licensing Affiliates | | | Section 5.10 | |
Material Contracts | | | Section 4.18(a) | |
Maximum Amount | | | Section 6.06(c) | |
Merger | | | Recitals | |
Merger Consideration | | | Section 3.01(b) | |
Merger Shares | | | Section 3.01(b) | |
Defined Term
|
| |
Section
|
|
Merger Sub | | | Preamble | |
Nevada Takeover Statutes | | | Section 4.28 | |
Notice Period | | | Section 6.04(d) | |
NRS | | | Recitals | |
Old 99 Property Group | | | Section 4.13(a) | |
Outside Date | | | Section 8.01(b) | |
Parent | | | Preamble | |
Parties | | | Preamble | |
Paying Agent | | | Section 3.02(a) | |
Payment Fund | | | Section 3.02(a) | |
Payoff Amount | | | Section 6.17 | |
Payoff Letter | | | Section 6.17 | |
PBGC | | | Section 4.13(a) | |
Per Share Adjustment Amount | | | Section 3.07(d) | |
Permits | | | Section 4.07(b) | |
Plan | | | Section 4.13(a) | |
Proxy Statement | | | Section 4.25 | |
Surviving Corporation | | | Recitals | |
Termination Date | | | Section 8.01 | |
Uncertificated Company Shares | | | Section 3.02(b) | |
WARN | | | Section 4.14(c) | |
1 Year Nevada Gold & Casino Chart |
1 Month Nevada Gold & Casino Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions