Golden Entrtnmnt Stock Price, News & Analysis

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.

Golden Entertainment (NASDAQ:GDEN) announced its plans to release 2021 second quarter financial results on August 5, 2021, after the market closes. A conference call and webcast will follow at 4:30 p.m. ET, open to the public. Participants can access the live call by dialing (844) 465-3054 or (480) 685-5227 for international callers. A replay will be available from 7:30 p.m. ET the same day until August 8, 2021. For further details, visit www.goldenent.com.

Golden Entertainment reported a strong first quarter for 2021, with revenues of $239.7 million, up from $207.2 million in 2020. The company turned a net income of $10.6 million or $0.35 per diluted share, contrasting with a net loss of $32.6 million in the previous year. Adjusted EBITDA surged to $59.5 million, compared to $30.5 million in Q1 2020. The growth was driven by improved demand in both casino and distributed gaming segments, which generated cash of over $40 million, enhancing financial flexibility for future growth and shareholder returns.

Golden Entertainment, Inc. (NASDAQ:GDEN) is set to release its 2021 first quarter financial results after market close on May 6, 2021. Following the announcement, a conference call and webcast will be held at 4:30 p.m. ET. The call is accessible by phone at 800-708-4539 for domestic callers and 847-619-6396 for international callers, with the passcode 50148749. A replay will be available starting 8:00 p.m. ET until May 9, 2021. For more details visit www.goldenent.com.

Golden Entertainment, Inc. (NASDAQ: GDEN) reported Q4 2020 revenues of $205.6 million, down from $242.1 million in Q4 2019. The net loss widened to $18.5 million, or $0.66 per share. Adjusted EBITDA decreased to $38.9 million from $43.1 million year-over-year. Notably, Nevada casinos exhibited a 21% rise in Adjusted EBITDA despite a 6.5% revenue decline, showcasing an improved margin of over 1,000 basis points. The company aims for sustainable margin growth as restrictions ease and anticipates increased cash flow as business normalizes.

Golden Entertainment (NASDAQ:GDEN) announced its fourth quarter and full year 2020 financial results will be released on March 11, 2021, after market close. The Company will host a conference call and webcast at 4:30 p.m. ET on the same day, open to the public. Interested parties can join via phone at 844-465-3054 (international: 480-685-5227) with passcode 2964498. A replay will be available from 8:30 p.m. ET on March 11 until March 14. Golden Entertainment operates gaming properties including ten casino resorts and over 16,000 slots across various states.

Golden Entertainment reported a solid financial performance for Q3 2020, with revenues of $205.4 million, though lower than $243.3 million in Q3 2019. The company achieved its highest-ever third quarter Adjusted EBITDA of $45.4 million, a 5.5% increase year-over-year. Las Vegas locals casinos led the performance with double-digit revenue growth, while Laughlin and Pahrump casinos saw significant Adjusted EBITDA increases. The net loss for Q3 was $7.0 million, improved from $9.4 million in 2019. The company had $100.4 million in cash as of September 30, 2020.

Golden Entertainment, Inc. (NASDAQ:GDEN) announced it will release its Q3 2020 financial results before the market opens on November 5, 2020. A conference call and webcast will take place at 12:00 p.m. ET, accessible to the public via phone at 844-465-3054 or international at 480-685-5227 (passcode: 1753649). A playback option will be available from 3:00 p.m. ET the same day until November 8, 2020. The event can also be streamed on Golden Entertainment's website in the Investors section.