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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.

News

Golden Entertainment to Report 2023 Fourth Quarter and Full Year Results on February 29 and Host Conference Call and Webcast

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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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Golden Entertainment Completes Sale of Nevada Distributed Gaming Operations

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Golden Entertainment, Inc. (NASDAQ: GDEN) completed the sale of its Nevada Distributed Gaming Operations to J&J Ventures Gaming, LLC for approximately $213.5 million in cash consideration plus purchased cash of $37.5 million. The sale was part of a previously disclosed agreement and follows the sale of its distributed gaming operations in Montana to the same buyer in September 2023.
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Golden Entertainment Reports 2023 Third Quarter Results

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Golden Entertainment, Inc. reported Q3 revenue of $257.7 million, net income of $241.2 million, and Adjusted EBITDA of $53.2 million. They closed the sale of Rocky Gap Casino Resort for $260 million and the sale of their Montana distributed gaming business for $109 million. The company also paid a special cash dividend of $2.00 per share and repurchased 252,395 shares of common stock. They reduced term loans by $176 million and repurchased $49.3 million of unsecured notes.
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Golden Entertainment to Report 2023 Third Quarter Results on November 2 and Host Conference Call and Webcast

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Golden Entertainment, Inc. to release Q3 2023 financial results on November 2, 2023.
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Golden Entertainment Completes Sale of Montana Distributed Gaming Operations

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Golden Entertainment completes sale of Montana Distributed Gaming Operations to J&J Gaming for $109 million
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Golden Entertainment Reports 2023 Second Quarter Results; Declares Special Cash Dividend of $2.00 Per Share

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VICI Properties Inc. Completes Acquisition of Rocky Gap Casino Resort

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VICI Properties has completed the acquisition of Rocky Gap Casino Resort in Maryland for $203.9 million. The purchase was funded through cash and proceeds from forward equity sale agreements. The addition of Rocky Gap to the existing lease agreement with Century Casinos has increased annual rent by $15.5 million and extended the lease term.
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Golden Entertainment Completes Sale of Rocky Gap Casino Resort for $260 Million

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Golden Entertainment, Inc. has completed the sale of Rocky Gap Casino Resort for approximately $260 million. Century Casinos, Inc. acquired the operations for $56.1 million, while VICI Properties Inc. acquired the land and buildings for $203.9 million. $175 million of the sale proceeds will be used to repay term loans outstanding.
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Golden Entertainment to Report 2023 Second Quarter Results on July 31 and Host Conference Call and Webcast

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Golden Entertainment Reports 2023 First Quarter Results

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FAQ

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

The current stock price of Golden Entertainment (GDEN) is $33.08 as of February 10, 2025.

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

The market cap of Golden Entertainment (GDEN) is approximately 893.9M.

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.
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Golden Entertainment, Inc.

Nasdaq:GDEN

GDEN Rankings

#1737 Ranked by Market Cap
#1065 Ranked by Dividends

GDEN Stock Data

893.91M
19.12M
26.78%
74.27%
3.36%
Resorts & Casinos
Services-miscellaneous Amusement & Recreation
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United States
LAS VEGAS