Welcome to our dedicated page for Golden Entrtnmnt news (Ticker: GDEN), a resource for investors and traders seeking the latest updates and insights on Golden Entrtnmnt stock.
Golden Entertainment Inc. (GDEN) operates at the intersection of gaming innovation and hospitality excellence, managing casino resorts, local gaming venues, and distributed gaming networks across strategic markets. This dedicated news hub provides investors and industry observers with direct access to the company's official communications and market-moving developments.
Our curated collection features verified press releases, regulatory filings, and strategic announcements spanning earnings disclosures, operational expansions, and leadership updates. Users will find timely information on slot machine deployments, tavern acquisitions, and regulatory compliance matters – all critical for assessing GDEN's position in the competitive gaming sector.
The resource prioritizes factual reporting on financial results, partnership formations, and market expansion initiatives while maintaining strict neutrality. Content is organized chronologically for historical analysis and includes cross-referenced materials covering both corporate strategy and operational execution.
Bookmark this page for streamlined tracking of Golden Entertainment's progress across its Nevada casino resorts, distributed gaming operations, and evolving hospitality offerings. Regular updates ensure stakeholders remain informed about developments impacting the company's diversified revenue streams and market positioning.
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.
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.
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.
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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