Golden Entertainment

Golden Entertainment, Inc. engages in the development, finance, management, and ownership of casino properties. It operates through the following segments: Distributed Gaming and Casinos. The Distributed Gaming segment is involved in the installation, maintenance, and operation of slots and amusement devices in non-casino locations such as grocery, convenience and liquor stores, restaurants, bars, and taverns, and the operation of wholly-owned branded taverns targeting local patrons. The Casino segment focuses on owning and managing resort casinos. The company was founded in 1998 and is headquartered in Las Vegas, NV.

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Earnings data Q4 2024

Golden Entertainment achieves record revenue and EBITDA, eyes strategic growth

Golden Entertainment delivered strong financial performance in Q4 2022 and full-year 2022, with record revenue and EBITDA.
The company is strategically focusing on enhancing The STRAT's offerings, reducing debt, and exploring growth opportunities.
Challenges include industry valuation disparities, capital structure decisions, and optimizing occupancy at The STRAT.

Golden Entertainment reports solid Q1 performance amidst strategic challenges

Golden Entertainment's Q1 performance reflected revenue growth but faced challenges in specific segments, highlighting the need for strategic adjustments.
The company's focus on reducing leverage, pursuing value-creating initiatives, and maintaining financial flexibility positions it for long-term success.
Opportunities in expanding market share, optimizing operations, and strategic investments can drive future growth and profitability.
Overall, Golden Entertainment's emphasis on financial discipline and operational improvements sets the stage for sustainable value creation.

Golden Entertainment reports mixed Q2 results, eyes growth opportunities

Golden Entertainment's Q2 performance showed mixed results across segments, with revenue of $287 million and EBITDA of $58 million.
While facing challenges in certain areas, the company capitalized on strengths like successful asset sales and maintaining a strong capital structure.
Opportunities lie in upcoming projects like Atomic Golf and investments in new offerings to drive growth and improve financial performance.
Overall, Golden Entertainment aims for better performance in the second half of the year, supported by strategic initiatives and a focus on shareholder returns.

Golden Entertainment reports solid Q3 performance amidst growth opportunities

Golden Entertainment's Q3 results reflect a mix of revenue growth and operational challenges.
The company's focus on liquidity, renovations, and return of capital initiatives demonstrates a commitment to enhancing shareholder value.
While facing cost management challenges and potential risks, Golden Entertainment remains well-positioned for growth in Nevada and beyond.
Strategic M&A activities and customer-centric strategies are key areas for future growth and value creation.

Golden Entertainment reports transformative Q4 with divestments and revenue growth

Golden Entertainment's Q4 2023 earnings call showcased a mix of achievements and challenges, with a focus on strategic initiatives, financial discipline, and operational improvements. The company's efforts to enhance shareholder value through divestments, debt reduction, and capital return were evident in its financial results and future plans. Despite facing challenges like cost increases and occupancy declines, Golden Entertainment remains optimistic about its growth prospects and operational enhancements.

Golden Entertainment reports Q1 results, focuses on growth strategies

Golden Entertainment's Q1 2024 performance reflects mixed results across segments, with revenue of $174 million and EBITDA of $41 million.
The company's strategic divestment, debt repayment, and focus on shareholder value demonstrate financial discipline and stability.
Challenges in labor costs, visitation drivers, and revenue declines highlight areas for operational improvement and customer engagement strategies.
Opportunities lie in asset investments, strategic evaluations, and tavern portfolio expansion for future growth and shareholder returns.

Golden Entertainment reports Q3 revenue decline amidst operational challenges

Golden Entertainment faced revenue and EBITDA declines in Q3 2024, attributed to challenges from record heat in Las Vegas impacting visitation at properties.
Despite challenges, the company demonstrated financial discipline by repaying debt, returning value to shareholders, and maintaining a strong balance sheet.
Opportunities for operational optimization and strategic investments exist, supported by increased share repurchase authorization and financial stability.
Navigating challenges while focusing on long-term growth and profitability remains key for Golden Entertainment's future success.

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Golden Entertainment, Inc. engages in the development, finance, management, and ownership of casino properties. It operates through the following segments: Distributed Gaming, Nevada Casino Resorts, Nevada Locals Casinos and Nevada Taverns. The Distributed Gaming segment is involved in the installation, maintenance, and operation of slots and amusement devices in non-casino locations such as grocery, convenience and liquor stores, restaurants, bars, and taverns, and the operation of wholly-owned branded taverns targeting local patrons. The Nevada Casino Resorts segment consists of destination casino resort properties offering a variety of food and beverage outlets, entertainment venues and other amenities. The Nevada Locals Casinos segment consists of casino properties that cater to local customers who generally live within a five-mile radius of these properties. The Nevada Taverns segment includes branded tavern locations, where the company historically controlled the food and beverage operations. The company was founded in 1998 and is headquartered in Las Vegas, NV.

LAS VEGAS--(BUSINESS WIRE)--Golden Entertainment, Inc. (NASDAQ: GDEN) (“Golden Entertainment” or the “Company”) today reported financial results for the first quarter ended March 31, 2023. Blake Sartini, Chairman and Chief Executive Officer of Golden Entertainment, commented, “In the first quarter we were able to grow revenue but elevated costs relative to last year continued to impact our Adjusted EBITDA. During the quarter, we announced the sale of our distributed gaming businesses in both Ne.

Golden Entertainment Reports 2023 First Quarter Results

LAS VEGAS--(BUSINESS WIRE)--Golden Entertainment, Inc. (NASDAQ:GDEN) (“Golden Entertainment” or the “Company”) announced today that it will release its 2023 first quarter financial results after the market closes on Wednesday, May 10, 2023, and host a conference call and simultaneous webcast at 5:00 p.m. ET (2:00 p.m. PT) that day. Both the call and webcast are open to the general public.

Golden Entertainment to Report 2023 First Quarter Results on May 10 and Host Conference Call and Webcast

LAS VEGAS--(BUSINESS WIRE)--Golden Entertainment, Inc. (NASDAQ: GDEN) (“Golden” or the “Company”) announced today that it entered into definitive agreements to divest its distributed gaming operations in Nevada and Montana (“Distributed Gaming Operations”) for aggregate cash consideration of $322.5 million, plus $39 million of estimated purchased cash at closing.

Golden Entertainment Enters Into Definitive Agreements to Divest Distributed Gaming Operations in Nevada and Montana

Golden Entertainment, Inc. (NASDAQ:GDEN ) Q4 2022 Results Conference Call March 1, 2023 5:00 PM ET Company Participants Joe Jaffoni - Investor Relations Blake Sartini - Founder, Chairman & Chief Executive Officer Charles Protell - President & Chief Financial Officer Conference Call Participants David Bain - B. Riley Carlo Santarelli - Deutsche Bank Cassandra Lee - Jefferies Ricardo Chinchilla - Deutsche Bank John DeCree - CBRE Securities Operator Good day, and welcome to the Golden Entertainment Incorporated 2022 Fourth Quarter Results Conference Call.

Golden Entertainment, Inc. (GDEN) Q4 2022 Earnings Call Transcript

Golden Entertainment (GDEN) delivered earnings and revenue surprises of -41.67% and 0.28%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Golden Entertainment (GDEN) Misses Q4 Earnings and Revenue Estimates

LAS VEGAS--(BUSINESS WIRE)--Golden Entertainment, Inc. (NASDAQ: GDEN) (“Golden Entertainment” or the “Company”) today reported financial results for the fourth quarter and full year ended December 31, 2022. Blake Sartini, Chairman and Chief Executive Officer of Golden Entertainment, commented, “Our fourth quarter demonstrates strong financial performance that remains well above 2019 levels, while higher labor and other costs impacted the comparison to last year's fourth quarter results.

Golden Entertainment Reports 2022 Fourth Quarter and Full Year 2022 Results

Golden Entertainment (GDEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Golden Entertainment (GDEN) Earnings Expected to Grow: Should You Buy?

With ten casinos under its management distributed between Minnesota and Indiana, Golden Entertainment also offers its clients the infrastructure to install, manage, and launch entertainment establishments. If management continues to report more renovation of rooms, the number of visitors will likely increase.

Golden Entertainment: Room Renovation And Expansion Make The Stock Undervalued

LAS VEGAS--(BUSINESS WIRE)--Golden Entertainment, Inc. (NASDAQ:GDEN) (“Golden Entertainment” or the “Company”) announced today that it will release its 2022 fourth quarter and full year financial results after the market closes on Wednesday, March 1, 2023, and host a conference call and simultaneous webcast at 5:00 p.m. ET (2:00 p.m. PT) that day. Both the call and webcast are open to the general public.

Golden Entertainment to Report 2022 Fourth Quarter and Full Year Results on March 1 and Host Conference Call and Webcast

Golden Entertainment, Inc. (NASDAQ:GDEN ) Q3 2022 Earnings Conference Call November 3, 2022 5:00 PM ET Company Participants Joe Jaffoni - Investor Relations Charles Protell - President & Chief Financial Officer Blake Sartini - Founder, Chairman & Chief Executive Officer Conference Call Participants Chad Beynon - Macquarie Cassandra Lee - Jefferies Omer Sander - JPMorgan David Bain - B. Riley Jordan Bender - JMP Securities Edward Engel – ROTH Capital John DeCree - CBRE Securities Operator Good afternoon, and welcome to the Golden Entertainment Inc. 2022 Third Quarter Results Call.

Golden Entertainment, Inc. (GDEN) Q3 2022 Earnings Call Transcript

Golden Entertainment (GDEN) delivered earnings and revenue surprises of -21.05% and 3.75%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Golden Entertainment (GDEN) Q3 Earnings Miss Estimates

LAS VEGAS--(BUSINESS WIRE)--Golden Entertainment, Inc. (NASDAQ: GDEN) (“Golden Entertainment” or the “Company”) today reported financial results for the third quarter ended September 30, 2022.

Golden Entertainment Reports 2022 Third Quarter Results

Earnings Preview: Golden Entertainment (GDEN) Q3 Earnings Expected to Decline

LAS VEGAS--(BUSINESS WIRE)--Golden Entertainment, Inc. (NASDAQ:GDEN) (“Golden Entertainment” or the “Company”) announced today that it will release its 2022 third quarter financial results after the market closes on Thursday, November 3, 2022, and host a conference call and simultaneous webcast at 5:00 p.m.

Golden Entertainment to Report 2022 Third Quarter Results on November 3 and Host Conference Call and Webcast

The average of price targets set by Wall Street analysts indicates a potential upside of 54.6% in Golden Entertainment (GDEN). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Does Golden Entertainment (GDEN) Have the Potential to Rally 55% as Wall Street Analysts Expect?

Century Casinos

Vici Properties

NEW YORK--(BUSINESS WIRE)--VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, today announced it has, together with Century Casinos, Inc. (NASDAQ: CNTY) (“Century”), entered into definitive agreements to acquire Rocky Gap Casino Resort (“Rocky Gap”), located in Flintstone, Maryland from Golden Entertainment, Inc. (NASDAQ: GDEN) (“Golden Entertainment”) for an aggregate purchase price of $260.0 million in cash. Pursuant to the tr

VICI Properties Inc. to Acquire Rocky Gap Casino Resort and Lease to Century Casinos, Inc.

LAS VEGAS--(BUSINESS WIRE)--Golden Entertainment, Inc. (NASDAQ: GDEN) (“Golden” or the “Company”) announced today that it entered into definitive agreements to sell Rocky Gap Casino Resort (“Rocky Gap”) for aggregate cash consideration of $260 million. Pursuant to the terms of the agreements, Century Casinos, Inc. (NASDAQ: CNTY) will acquire the operations of Rocky Gap for $56.1 million, subject to customary working capital adjustments, and VICI Properties Inc. (NYSE: VICI) will acquire an inte

Golden Entertainment Enters Into Definitive Agreements to Sell Rocky Gap Casino Resort for $260 Million

Golden Entertainment, Inc. (NASDAQ:GDEN ) Q2 2022 Earnings Conference Call August 4, 2022 5:00 PM ET Company Participants Joe Jaffoni – Investor Relations Blake Sartini – Founder, Chairman and Chief Executive Officer Charles Protell – President and Chief Financial Officer Conference Call Participants David Bain – B. Riley Carlo Santarelli – Deutsche Bank Cassandra Lee – Jefferies Omer Sander – J.P.

Golden Entertainment, Inc's (GDEN) CEO Blake Sartini on Q2 2022 Results - Earnings Call Transcript

This gaming stock could face a serious headwind if this recession is a deep one.

Bear Of The Day: Golden Entertainment (GDEN)

LAS VEGAS--(BUSINESS WIRE)--Golden Entertainment, Inc. (NASDAQ: GDEN) (“Golden Entertainment” or the “Company”) today reported financial results for the second quarter ended June 30, 2022. The Company generated second quarter revenue of $289.4 million, net income of $21.2 million and Adjusted EBITDA of $75.0 million. Blake Sartini, Chairman and Chief Executive Officer of Golden Entertainment, commented, “Our operating discipline supported strong second quarter results and offset challenges in t

Golden Entertainment Reports Second Quarter Results

Analysts Estimate Golden Entertainment (GDEN) to Report a Decline in Earnings: What to Look Out for

LAS VEGAS--(BUSINESS WIRE)--Golden Entertainment, Inc. (NASDAQ:GDEN) (“Golden Entertainment” or the “Company”) announced today that it will release its 2022 second quarter financial results after the market closes on Thursday, August 4, 2022, and host a conference call and simultaneous webcast at 5:00 p.m. ET (2:00 p.m. PT) that day. Both the call and webcast are open to the general public. The conference call can be accessed live by dialing (877) 407-3982 or 201-493-6780. A replay will be avai

Golden Entertainment to Report 2022 Second Quarter Results on August 4 and Host Conference Call and Webcast

Red Rock Resorts

Gambling revenues continued to rise on the Las Vegas Strip by 11.62% year-on-year (YoY), reaching $731.5 million. Tourist-dominated markets were.

Las Vegas Strip gambling revenue climbed 11% YoY – these 2 stocks could gain

Golden Entertainment, Inc. (NASDAQ:GDEN ) Q1 2022 Earnings Conference Call May 5, 2022 5:00 PM ET Company Participants Joe Jaffoni – Investor Relations Charles Protell – President and Chief Financial Officer Blake Sartini – Founder, Chairman and Chief Executive Officer Conference Call Participants Omer Sander – JPMorgan Carlo Santarelli – Deutsche Bank Cassandra Lee – Jefferies Edward Engel – Roth Capital Operator Good afternoon, ladies and gentlemen, thank you for standing by. Welcome to the Golden Entertainment First Quarter 2022 Earnings Conference Call.

Golden Entertainment's (GDEN) CEO Blake Sartini On Q1 2022 Results - Earnings Call Transcript

Golden Entertainment (GDEN) delivered earnings and revenue surprises of 128.57% and 3.81%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

News for Golden Entertainment Stock (GDEN)