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) 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.
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.