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) 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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