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. (GDEN) operated a diversified Nevada gaming and hospitality platform built around casinos, gaming taverns, slots, table games and hotel rooms. Company updates have centered on operating results, dividends and liquidity, as well as capital allocation, debt repayment discussions and governance matters tied to its casino real estate.
Recent coverage also reflects completed corporate-status changes, including a sale-leaseback of casino properties, transfer of the operating business to Golden OpCo, and Nasdaq removal proceedings for the company's common stock. The record is framed by Golden Entertainment's historical role in the Southern Nevada gaming market.
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Golden Entertainment, Inc. (NASDAQ:GDEN) announced that it will release its 2023 first quarter financial results after the market closes on May 10, 2023. A conference call will be held at 5:00 p.m. ET to discuss the results, and it will be accessible to the public via phone and webcast. The call can be accessed by dialing (833) 816-1405 or internationally at (412) 317-0498, with a replay available until May 17, 2023. Golden operates a diversified entertainment platform with nearly 16,800 slots, over 100 table games, and over 6,200 hotel rooms. The company owns ten casinos and more than 60 gaming taverns in Nevada, providing extensive gaming options and hospitality services.
Golden Entertainment, Inc. (NASDAQ: GDEN) announced the divestiture of its distributed gaming operations in Nevada and Montana for a total cash consideration of $322.5 million, plus an estimated $39 million in cash at closing. J&J Ventures Gaming, LLC will acquire these operations for $213.5 million in Nevada and $109 million in Montana. This transaction represents a multiple of approximately 9.0x the Adjusted EBITDA of $44 million for the segment as of December 31, 2022. Golden will also enter a five-year agreement with J&J Gaming to support operations at its tavern locations, focusing management and capital on its casino and tavern portfolio.