Golden Entrtnmnt Stock Price, News & Analysis

Golden Entertainment (NASDAQ:GDEN) will release its 2022 Q2 financial results on August 4, 2022, after market close. A conference call will follow at 5:00 p.m. ET, open to the public for both live and replay access. The company operates over 17,000 slots, 100 table games, and 6,200 hotel rooms, with ten casinos, primarily in Southern Nevada. The replay will be available until August 11, 2022.

Golden Entertainment reported a strong first quarter for 2022, achieving revenues of $273.6 million, a 14% increase from the previous year. Net income rose to $36.1 million, or $1.12 per share, compared to $10.6 million, or $0.35 per share in Q1 2021. Adjusted EBITDA also improved by 13% to $67.3 million. The company repaid $25 million of debt and repurchased over $15 million of shares. The Board reauthorized a $50 million share repurchase program as part of their continued commitment to returning capital to shareholders.

Golden Entertainment, Inc. (NASDAQ:GDEN) will announce its 2022 Q1 financial results on May 5, 2022, after market close. A conference call and webcast will take place at 5:00 p.m. ET, which is open to the public. To participate, call (800) 920-3359 with passcode 22018469. A replay will be available after 7:00 p.m. ET on the same day until May 8, 2022. The live webcast can be accessed through the Investors section of Golden Entertainment’s website.

Golden Entertainment (NASDAQ: GDEN) reported strong fourth quarter 2021 results with revenues of $282.0 million, a 37% year-over-year increase, and net income of $19.1 million. Annual revenue reached $1.1 billion, marking a 58% growth from 2020. Adjusted EBITDA for the quarter was $67.8 million, up 72% year-over-year, while annual Adjusted EBITDA rose to $291.7 million. The company repaid $25 million in loans and bought back $10.6 million in stock. Key operating segments experienced growth, with net income per share rising to $0.59.

Golden Entertainment (NASDAQ:GDEN) will announce its 2021 fourth quarter financial results after market close on February 17, 2022. A conference call and webcast for investors will be held at 5:00 p.m. ET that same day. The conference call can be accessed by dialing (844) 465-3054, with an international option at (480) 685-5227, using passcode 6388552. A replay will begin at 8:00 p.m. ET and will be available until February 20, 2022. More details can be found on their website.

Golden Entertainment reported record third quarter revenue of $282.4 million and net income of $29.1 million for Q3 2021. Compared to Q3 2020, revenue grew significantly from $205.4 million and a net loss of $7.0 million. The company achieved an Adjusted EBITDA of $73.4 million, up from $45.9 million the previous year. Growth was driven by all casino and gaming operations. The company repaid over $50 million in debt, increasing revolver availability to $240 million. The management plans to utilize a $50 million share buyback authorization to enhance shareholder value.

Golden Entertainment will release its 2021 third quarter financial results on November 3, 2021, after market close. A conference call is scheduled for 5:00 p.m. ET that same day, accessible via phone at (844) 465-3054 for domestic callers and (480) 685-5227 internationally. A replay will be available post-call until November 6, 2021. The conference call will also be webcast on the Company's website. Golden Entertainment operates gaming properties across Southern Nevada and Maryland, including over 16,900 slots and 120 table games.

Golden Entertainment has entered an agreement with Flite Golf & Entertainment to develop Atomic Range, a 92,000-square-foot golf entertainment facility, on seven acres of company-owned land adjacent to The STRAT in Las Vegas. This innovative venue will feature over 100 hitting bays and is projected to open by the end of 2023, creating more than 500 jobs. Development costs are estimated at $70 million, with Golden sharing in the gross revenue. This project aims to enhance guest traffic to The STRAT and contribute to the redevelopment of the North Strip.

Golden Entertainment reported strong financial results for Q2 2021, with revenues reaching $292.5 million compared to $76.0 million in Q2 2020. The company generated a net income of $103.0 million or $3.26 per fully diluted share, significantly up from a $78.6 million loss in the same quarter last year. Adjusted EBITDA also rose to $91.0 million from a negative $5.5 million. Furthermore, over $50 million in debt was repaid during the quarter, improving financial flexibility. The company anticipates continued debt reduction and potential capital returns to shareholders.