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Golden Entertainment, Inc. - GDEN STOCK NEWS

Welcome to our dedicated page for Golden Entertainment news (Ticker: GDEN), a resource for investors and traders seeking the latest updates and insights on Golden Entertainment stock.

Golden Entertainment, Inc. (NASDAQ: GDEN) stands as a leading force in the U.S. gaming and entertainment sector. The company operates through three main divisions: the Golden Casino Group, PT’s Entertainment Group, and Golden Route Operations. This diverse portfolio allows Golden Entertainment to manage approximately 9,250 slot machines and video lottery terminals, and 22 table games across various properties in Nevada and Maryland. These properties include four casino resorts, 48 taverns, and around 670 route locations.

The company's core business is divided into several reportable segments: Nevada Casino Resorts, Nevada Locals Casinos, Nevada Taverns, and Distributed Gaming. The primary revenue driver for Golden Entertainment is the Nevada Casino Resorts segment, which features destination casino resort properties replete with diverse food and beverage outlets, entertainment venues, and additional amenities.

Recent achievements include expansions in their slot machine and video lottery terminal operations, as well as strategic partnerships that enhance their service offerings. Golden Entertainment focuses on providing top-notch gaming experiences while also investing in entertainment and hospitality to attract a broad audience.

Financially, the company has demonstrated stability and growth, leveraging its diversified gaming operations to drive revenue. The business strategy includes continual assessment of new market opportunities and enhancing existing operations to maintain competitive advantage.

For more detailed information about their services, properties, and recent updates, visit www.goldenent.com.

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Golden Entertainment (NASDAQ: GDEN) reported Q3 2024 financial results with revenue of $161.2 million, net income of $5.2 million, and Adjusted EBITDA of $34.0 million. The Board approved a quarterly dividend of $0.25 per share and increased share repurchase authorization by $100 million to $131.4 million. The company repurchased 815,116 shares at $31.65 per share in Q3, totaling $25.8 million. Year-to-date, 1.94 million shares were repurchased at $30.70 per share for $59.5 million. Revenue and EBITDA declined year-over-year primarily due to the sale of Rocky Gap Casino Resort and distributed gaming operations in Montana and Nevada.

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Golden Entertainment (NASDAQ:GDEN) has announced the release of its 2024 third quarter financial results after market close on Thursday, November 7, 2024. The company will host a conference call and simultaneous webcast at 5:00 p.m. ET (2:00 p.m. PT) on the same day.

Interested parties can access the call by dialing (877) 407-0789 for domestic callers or (201) 689-8562 for international callers. A replay will be available from 8:00 p.m. ET until November 14, 2024, accessible by dialing (844) 512-2921 or (412) 317-6671 for international callers, using the passcode 13749554.

The call will also be webcast live through the "Investors" section of Golden Entertainment's website at www.goldenent.com, where an audio replay will be archived.

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Golden Entertainment (NASDAQ: GDEN) announced its second quarter 2024 financial results. The company reported revenue of $167.3 million, net income of $0.6 million, and an Adjusted EBITDA of $41.2 million. The Board of Directors approved a third recurring quarterly dividend of $0.25 per share payable on October 2, 2024. Significant financial actions included repaying $287 million in senior unsecured notes and repricing a $396 million term loan, reducing the interest rate by 60 basis points. The company also repurchased nearly one million shares for $29.5 million. Compared to Q2 2023, revenues and Adjusted EBITDA declined, partially due to the sale of several gaming operations. As of June 30, 2024, total debt was $400.7 million with $88.6 million in cash. No borrowings were outstanding under the $240 million revolving credit facility.

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Golden Entertainment (NASDAQ:GDEN) has announced it will release its 2024 second quarter financial results after market close on Thursday, August 8, 2024. The company will host a conference call and simultaneous webcast at 5:00 p.m. ET (2:00 p.m. PT) on the same day. Both the call and webcast are open to the public.

Interested parties can access the conference call by dialing (800) 717-1738 for domestic callers or (646) 307-1865 for international callers. A replay will be available from 8:00 p.m. ET until August 14, 2024, accessible by dialing (844) 512-2921 or (412) 317-6671 for international callers, using passcode 1170998. The call will also be webcast live through the 'Investors' section of Golden Entertainment's website.

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Golden Entertainment (NASDAQ: GDEN) has announced a repricing and allocation of its existing term loan credit facility, due in 2030. The amendment, pending final documentation and customary closing conditions, will reduce the applicable margin by 50 basis points. Base rate loans will now bear interest at the base rate plus 1.25%, and SOFR loans at the SOFR rate plus 2.25%. Additionally, the Term SOFR Adjustment of 10 basis points will be eliminated, resulting in a total interest rate reduction of 60 basis points. Santander and Deutsche Bank Securities served as lead arrangers, with legal counsel from Latham & Watkins and Cahill Gordon & Reindel.

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Golden Entertainment, Inc. reported a revenue of $174.0 million, net income of $42.0 million, and Adjusted EBITDA of $41.0 million for the first quarter of 2024. The company's Board of Directors declared a cash dividend of $0.25 per share, payable on July 2, 2024. Golden Entertainment completed the sale of non-core assets, simplified its capital structure, and used proceeds to repay outstanding bonds. The company's debt was significantly reduced, providing flexibility for investments and strategic opportunities.

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Golden Entertainment, Inc. (NASDAQ:GDEN) will announce its 2024 first quarter financial results on May 8, 202 how to access the conference call and webcast.
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Golden Entertainment, Inc. (NASDAQ: GDEN) announces key management changes with Blake Sartini II appointed as Chief Operating Officer and Steve Arcana as Chief Development Officer. The move aims to optimize operations, drive growth, and enhance shareholder value.
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Golden Entertainment, Inc. (GDEN) reported fourth-quarter revenue of $230.7 million, net loss of $9.4 million, and Adjusted EBITDA of $48.8 million. The full-year 2023 revenue was $1.1 billion, with a net income of $255.8 million and Adjusted EBITDA of $222.5 million. The company completed the sale of its Nevada distributed gaming business, repaid over $60 million of debt in Q4, and initiated a quarterly cash dividend of $0.25 per share. The stock symbol is GDEN.
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Golden Entertainment, Inc. (GDEN) will release its 2023 fourth quarter and full year financial results on February 29, 2024. The conference call and webcast will be open to the public. The call can be accessed by phone or web, with a replay available until March 7, 2024. The webcast will be archived on the Company's website.
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FAQ

What is the current stock price of Golden Entertainment (GDEN)?

The current stock price of Golden Entertainment (GDEN) is $32.19 as of November 8, 2024.

What is the market cap of Golden Entertainment (GDEN)?

The market cap of Golden Entertainment (GDEN) is approximately 946.9M.

What are the main divisions of Golden Entertainment, Inc.?

Golden Entertainment operates through three divisions: Golden Casino Group, PT's Entertainment Group, and Golden Route Operations.

How many slot machines and video lottery terminals does Golden Entertainment operate?

Golden Entertainment operates approximately 9,250 slot machines and video lottery terminals.

What is the primary revenue segment for Golden Entertainment?

The primary revenue segment is the Nevada Casino Resorts, which includes destination casino resort properties.

Where are Golden Entertainment's casino properties located?

The casino properties are located in Nevada and Maryland.

How can I find more information about Golden Entertainment?

For more information, visit their official website at www.goldenent.com.

How many table games does Golden Entertainment operate?

Golden Entertainment operates 22 table games across its properties.

How many taverns does Golden Entertainment manage?

Golden Entertainment manages 48 taverns.

What kind of amenities do Golden Entertainment's Nevada Casino Resorts offer?

The resorts offer a variety of food and beverage outlets, entertainment venues, and other amenities.

How many route locations does Golden Entertainment have?

Golden Entertainment has approximately 670 route locations.

What is the focus of Golden Entertainment's business strategy?

Their strategy focuses on providing exceptional gaming experiences and exploring new market opportunities while enhancing existing operations.

Golden Entertainment, Inc.

Nasdaq:GDEN

GDEN Rankings

GDEN Stock Data

946.91M
28.95M
25.94%
72.94%
2.96%
Resorts & Casinos
Services-miscellaneous Amusement & Recreation
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United States of America
LAS VEGAS