The Mississippi Gaming Commission held a Special Interim Meeting on Thursday, September 14, 2017, at 10:00 a.m. in the Biloxi office of the Mississippi Gaming Commission. Executive Director Allen Godfrey, Chairman Al Hopkins, and Commissioner Jerry Griffith were in attendance. The following matters were considered:
Riverboat Corporation of Mississippi d/b/a Golden Nugget Biloxi Hotel and Casino received approval of the following:
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Registration of Golden Nugget, Inc. as a Holding Company of Riverboat Corporation of Mississippi
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Registration of Landry’s Gaming, Inc. as a Holding Company of Riverboat Corporation of Mississippi
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Transfer of the Equity Interests or Securities of Riverboat Corporation of Mississippi
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Pledges of Equity Interests or Securities in Connection with the Credit Facility
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Imposition of Equity Restrictions Including Negative Equity Pledges in Connection with the Credit Facility
These approvals were in connection with a restructuring of the ownership of the Golden Nugget companies in order to facilitate the acquisition of the Houston Rockets NBA basketball team.