Sands Regent owns and operates a total of four gaming properties, all in Nevada. Its premier asset is the 833-room Sands Regency Casino and Hotel in Downtown Reno. Other assets include the Gold Ranch Casino and RV Resort in Verdi; the Rail City Casino in Sparks; and the Depot Casino and the Red Hawk Sports Bar in Dayton.
Herbst Gaming is a slot route operator that owns eight casinos, each of which carries the company's "Terrible's" brand. Five of the casinos are in Nevada and the others are in Missouri and Iowa. In November, Herbst agreed to acquire for $400 million all three of MGM's casino-resorts in the Primm Valley, which is located 40 miles south of Las Vegas on the California border. The two acquisitions double the size of Herbst's portfolio.
The pending acquisition of Sands Regent by Herbst was announced in May. The Nevada Gaming Commission signed off on the deal shortly before Christmas.
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