J&J Gaming Receives Approval from Nevada Gaming Commission

 J&J Gaming Receives Approval from Nevada Gaming Commission

Continues J&J Gaming’s Growth and Diversification Strategy by Expanding Operations to Nevada

Milestone Expansion Strengthens J&J Gaming as the National Leader in Distributed Gaming

LAS VEGAS, NV, November 21, 2024 — J&J Ventures Gaming, LLC’s affiliates, including J&J Ventures Gaming of Nevada, LLC and its parent company, JJVG Holdings, LLC (“J&J Gaming”), received all necessary approvals from the Nevada Gaming Control Board and Nevada Gaming Commission to integrate Golden Route Operations, LLC into J&J Gaming’s Nevada distributed gaming route operations. Headquartered in Illinois and majority-owned by funds managed by Oaktree Capital Management, LP (“Oaktree”), J&J Gaming is the national leader in the installation and operation of regulated gaming devices in restaurants, bars, taverns, gaming parlors, convenience stores, truck stops, and other authorized venues.

The receipt of these approvals follows J&J Gaming’s previous acquisition of Golden Route Operations – Montana, LLC’s distributed gaming business in September 2023. Combined, these acquisitions add 11,900 gaming terminals at over 1,000 partner locations to J&J Gaming’s portfolio. Together with its subsidiaries and affiliates, J&J Gaming now delivers gaming services to more than 3,600 establishments across various regulated markets, including: Illinois, Nevada, Montana, Pennsylvania, and Nebraska.

“The official approvals from the Nevada Gaming Control Board and Nevada Gaming Commission mark an exciting new chapter for J&J Gaming,” said Bob Willenborg, CEO of J&J Gaming. “We’re thrilled to officially incorporate Golden Route Operations, LLC into our company’s operations, expanding our commitment to uphold the high standards of service and excellence established in Nevada’s distributed gaming market.”

“With the official approvals secured in Nevada, this new combination marks an exciting chapter for J&J as we expand both in size and into new geographical regions,” said David Quick, Managing Director and Assistant Portfolio Manager in Oaktree’s Special Situations Group. “This milestone enhances J&J’s market presence and reinforces our shared commitment to driving value and innovation in Nevada’s gaming sector.”

Taft Stettinius & Hollister LLP, Kirkland & Ellis LLP, and Greenberg Traurig, LLP served as legal advisors and Macquarie Capital served as financial advisors to J&J Ventures Gaming, LLC.

About J&J Gaming
J&J Gaming, including its subsidiaries and affiliates, is the largest distributed gaming operator in the United States providing gaming-as-a-service to non-casino locations such restaurants, bars, taverns, convenience stores, truck stops and grocery stores in various regulated jurisdictions.

The company operates nearly 26,000 machines in 3,600 locations across Illinois, Nevada, Montana, Pennsylvania and Nebraska. To learn more about J&J Gaming, visit our website at https://www.jjventures.com.

About Oaktree
Oaktree is a leader among global investment managers specializing in alternative investments, with $205 billion in assets under management as of September 30, 2024. The firm emphasizes an opportunistic, value-oriented, and risk-controlled approach to investments in credit, equity, and real estate. The firm has more than 1,200 employees and offices in 23 cities worldwide. For additional information, please visit Oaktree’s website at http://www.oaktreecapital.com/.