Golden Entertainment

Golden Entertainment Announces Leadership Changes

Retrieved on: 
Monday, March 25, 2024
Entertainment, Retail, Restaurant, Bar, Commercial Building & Real Estate, Construction & Property, Casino, Gaming, Golden Entertainment, Video game

Golden Entertainment, Inc. (NASDAQ: GDEN) (“Golden” or the “Company”) today announced that effective March 20, 2024, Blake Sartini II, Golden’s Executive Vice President of Operations, became the Company’s Chief Operating Officer.

Key Points: 
  • Golden Entertainment, Inc. (NASDAQ: GDEN) (“Golden” or the “Company”) today announced that effective March 20, 2024, Blake Sartini II, Golden’s Executive Vice President of Operations, became the Company’s Chief Operating Officer.
  • “Blake has worked in every capacity throughout our organization since he started at Golden almost 17 years ago,” said Blake Sartini, Chairman and CEO of Golden.
  • “Steve has established a strong operating team and has been a consistent leader throughout his decades at Golden.
  • I am confident the changes to Blake and Steve’s roles with the Company will position us well to create additional shareholder value.”

Golden Entertainment Reports 2023 Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, February 29, 2024
Retail, Casino, Gaming, Restaurant, Bar, Entertainment, Golden Entertainment, Sale, Adjustment, Rocky Gap State Park, Webcast

Golden Entertainment, Inc. (NASDAQ: GDEN) (“Golden Entertainment” or the “Company”) today reported financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • Golden Entertainment, Inc. (NASDAQ: GDEN) (“Golden Entertainment” or the “Company”) today reported financial results for the fourth quarter and full year ended December 31, 2023.
  • Fourth quarter 2023 revenues were $230.7 million, compared to $279.7 million for the fourth quarter of 2022.
  • Fourth quarter 2023 Adjusted EBITDA was $48.8 million, compared to Adjusted EBITDA of $63.7 million for the fourth quarter of 2022.
  • The Company will host a webcast and conference call today, February 29, 2024 at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time), to discuss the 2023 fourth quarter and full year results.

Golden Entertainment to Report 2023 Fourth Quarter and Full Year Results on February 29 and Host Conference Call and Webcast

Retrieved on: 
Thursday, February 8, 2024
Entertainment, General Entertainment, Other Travel, Lodging, Travel, Casino, Gaming, Golden Entertainment, Webcast, Video game

Golden Entertainment, Inc. (NASDAQ:GDEN) (“Golden Entertainment” or the “Company”) announced today that it will release its 2023 fourth quarter and full year financial results after the market closes on Thursday, February 29, 2024, and host a conference call and simultaneous webcast at 5:00 p.m.

Key Points: 
  • Golden Entertainment, Inc. (NASDAQ:GDEN) (“Golden Entertainment” or the “Company”) announced today that it will release its 2023 fourth quarter and full year financial results after the market closes on Thursday, February 29, 2024, and host a conference call and simultaneous webcast at 5:00 p.m.
  • Both the call and webcast are open to the general public.
  • The conference call may be accessed live over the phone by dialing (833) 816-1405 or for international callers by dialing (412) 317-0498.
  • If you have questions about Golden Entertainment or are interested in conducting a conference call with Golden Entertainment’s management, please contact JCIR at (212) 835-8500 or [email protected] .

Golden Entertainment Completes Sale of Nevada Distributed Gaming Operations

Retrieved on: 
Wednesday, January 10, 2024
Casino, Gaming, Entertainment, Golden Entertainment, Sale, Latham & Watkins

Golden Entertainment, Inc. (NASDAQ: GDEN) (“Golden Entertainment” or the “Company”) announced today that it completed the previously disclosed sale of its distributed gaming operations in Nevada (“Nevada Distributed Gaming Operations”) to an affiliate of J&J Ventures Gaming, LLC (“J&J Gaming”).

Key Points: 
  • Golden Entertainment, Inc. (NASDAQ: GDEN) (“Golden Entertainment” or the “Company”) announced today that it completed the previously disclosed sale of its distributed gaming operations in Nevada (“Nevada Distributed Gaming Operations”) to an affiliate of J&J Ventures Gaming, LLC (“J&J Gaming”).
  • Pursuant to the terms of the purchase agreement entered into among Golden Entertainment, J&J Gaming and the other parties thereto, J&J Gaming acquired Golden Entertainment’s Nevada Distributed Gaming Operations for cash consideration of approximately $213.5 million, subject to customary working capital and other adjustments, plus purchased cash (comprised of cash and cash equivalents related to such operations at the time of closing) of approximately $37.5 million.
  • The Company previously completed the sale of its distributed gaming operations in Montana to an affiliate of J&J Gaming on September 13, 2023.
  • Latham & Watkins LLP acted as a legal counsel to Golden Entertainment in connection with this transaction.

Golden Entertainment Reports 2023 Third Quarter Results

Retrieved on: 
Thursday, November 2, 2023
Entertainment, Other Entertainment, Other Travel, Lodging, Travel, Tourist Attractions, Casino, Gaming, Adjustment, Sale, Golden Entertainment, Share repurchase, Rocky Gap State Park, The Strat (guitar), Webcast, Borrowing base, Tourism, Security (finance), Golden

Golden Entertainment, Inc. (NASDAQ: GDEN) (“Golden” or the “Company”) today reported financial results for the third quarter ended September 30, 2023.

Key Points: 
  • Golden Entertainment, Inc. (NASDAQ: GDEN) (“Golden” or the “Company”) today reported financial results for the third quarter ended September 30, 2023.
  • Third quarter 2023 revenues were $257.7 million, compared to $279.0 million for the third quarter of 2022.
  • Third quarter 2023 Adjusted EBITDA was $53.2 million, compared to Adjusted EBITDA of $61.1 million for the third quarter of 2022.
  • The Company will host a webcast and conference call today, November 2, 2023 at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time), to discuss the 2023 third quarter results.

Golden Entertainment to Report 2023 Third Quarter Results on November 2 and Host Conference Call and Webcast

Retrieved on: 
Friday, October 13, 2023
Entertainment, General Entertainment, Other Travel, Lodging, Destinations, Travel, Casino, Gaming, Golden Entertainment, Webcast, Video game

Golden Entertainment, Inc. (NASDAQ:GDEN) (“Golden Entertainment” or the “Company”) announced today that it will release its 2023 third quarter financial results after the market closes on Thursday, November 2, 2023, and host a conference call and simultaneous webcast at 5:00 p.m.

Key Points: 
  • Golden Entertainment, Inc. (NASDAQ:GDEN) (“Golden Entertainment” or the “Company”) announced today that it will release its 2023 third quarter financial results after the market closes on Thursday, November 2, 2023, and host a conference call and simultaneous webcast at 5:00 p.m.
  • Both the call and webcast are open to the general public.
  • The conference call may be accessed live over the phone by dialing (833) 816-1405 or for international callers by dialing (412) 317-0498.
  • If you have questions about Golden Entertainment or are interested in conducting a conference call with Golden Entertainment’s management, please contact JCIR at (212) 835-8500 or [email protected] .

Global Gaming Women Announces Event Line-up at Global Gaming Expo 2023 including the 13th Annual Kick Up Your Heels Fundraiser

Retrieved on: 
Monday, October 2, 2023
NFL, Partnership, Boyd, Tourism, General counsel, Senior, Golden Entertainment, GGW, Lean, Titans All Access, Internet celebrity, Boyd Gaming, Woman, Mentorship, Light, SIP, LAS, Venetian Expo, CDC, Wynn Resorts, National Football League, Encore Las Vegas, Las Vegas Raiders, Beautiful (Jessica Mauboy album), Social, Melissa, Female, Video game, Management, Wynn

LAS VEGAS, Oct. 2, 2023 /PRNewswire/ -- Global Gaming Women (GGW) announces the 13th Annual Kick Up Your Heels premier fundraising event to support the GGW Charitable Education Fund. The event supports scholarships and other development offerings for professional women in the gaming industry and celebrates honorees of the Patty Becker Pay It Forward award on Wednesday, October 11, from 5 to 7 p.m. at XS Nightclub at Wynn, Las Vegas. Tickets can be purchased here. In addition, GGW has a surprise in store for all attendees of this year's Kick Up Your Heels event. Unveiling will occur promptly at 6 p.m.

Key Points: 
  • The annual event, Kick Up Your Heels, supports scholarships for professional women in the gaming industry and celebrates honorees of the Patty Becker Pay It Forward award.
  • LAS VEGAS, Oct. 2, 2023 /PRNewswire/ -- Global Gaming Women (GGW) announces the 13th Annual Kick Up Your Heels premier fundraising event to support the GGW Charitable Education Fund.
  • In addition, GGW has a surprise in store for all attendees of this year's Kick Up Your Heels event.
  • In addition, this event will also celebrate the honorees of CDC Gaming Report's "10 Women Rising in Gaming", in partnership with Global Gaming Women.

Golden Entertainment Completes Sale of Montana Distributed Gaming Operations

Retrieved on: 
Wednesday, September 13, 2023
Casino, Gaming, Entertainment, Golden Entertainment, Latham & Watkins, Sale, Video game

Golden Entertainment, Inc. (NASDAQ: GDEN) (“Golden Entertainment” or the “Company”) announced today that it completed the previously disclosed sale of its distributed gaming operations in Montana (“Montana Distributed Gaming Operations”) to J&J Ventures Gaming, LLC (“J&J Gaming”).

Key Points: 
  • Golden Entertainment, Inc. (NASDAQ: GDEN) (“Golden Entertainment” or the “Company”) announced today that it completed the previously disclosed sale of its distributed gaming operations in Montana (“Montana Distributed Gaming Operations”) to J&J Ventures Gaming, LLC (“J&J Gaming”).
  • Pursuant to the terms of the purchase agreement entered into among Golden Entertainment, J&J Gaming and the other parties thereto, J&J Gaming acquired Golden Entertainment’s Montana Distributed Gaming Operations for aggregate cash consideration of approximately $109 million, subject to customary working capital adjustments, plus purchased cash (comprised of cash and cash equivalents related to such operations at the time of closing) of approximately $5 million.
  • The Company’s previously disclosed sale of its Nevada distributed gaming operations to J&J Gaming remains pending, subject to satisfaction of customary closing conditions, including receipt of gaming regulatory approvals.
  • Latham & Watkins LLP acted as a legal counsel to Golden Entertainment in connection with this transaction.

Golden Entertainment Reports 2023 Second Quarter Results; Declares Special Cash Dividend of $2.00 Per Share

Retrieved on: 
Monday, July 31, 2023
Casino, Gaming, Lodging, Entertainment, Destinations, Travel, Borrowing base, Share repurchase, Sale, The Strat (guitar), Wisconsin Board of Commissioners of Public Lands, Golden Entertainment, Webcast, Rocky Gap State Park, Adjustment, Holding company, Security (finance), Golden

Golden Entertainment, Inc. (NASDAQ: GDEN) (“Golden” or the “Company”) today reported financial results for the second quarter ended June 30, 2023.

Key Points: 
  • Golden Entertainment, Inc. (NASDAQ: GDEN) (“Golden” or the “Company”) today reported financial results for the second quarter ended June 30, 2023.
  • The one-time cash dividend is payable on August 25, 2023 to stockholders of record as of August 11, 2023.
  • Revenues of $286.7 million for the second quarter of 2023 declined 1% from $289.4 million for the second quarter of 2022.
  • Second quarter 2023 Adjusted EBITDA was $58.4 million, compared to Adjusted EBITDA of $75.0 million for the second quarter of 2022.

Golden Entertainment Completes Sale of Rocky Gap Casino Resort for $260 Million

Retrieved on: 
Tuesday, July 25, 2023
Casino, Gaming, Entertainment, Lodging, Travel, Macquarie Group, NYSE, Rocky Gap State Park, Latham & Watkins, Golden Entertainment, Rocky, VICI, Sale, Duane Morris, Security (finance), Insurance, Amusement park, Golden

Golden Entertainment, Inc. (NASDAQ: GDEN) (“Golden” or the “Company”) announced today that it completed the previously disclosed sale of Rocky Gap Casino Resort (“Rocky Gap”) for aggregate cash consideration of approximately $260 million, subject to customary working capital adjustments.

Key Points: 
  • Golden Entertainment, Inc. (NASDAQ: GDEN) (“Golden” or the “Company”) announced today that it completed the previously disclosed sale of Rocky Gap Casino Resort (“Rocky Gap”) for aggregate cash consideration of approximately $260 million, subject to customary working capital adjustments.
  • Pursuant to the terms of the agreements, Century Casinos, Inc. (NASDAQ: CNTY) acquired the operations of Rocky Gap for approximately $56.1 million, subject to customary working capital adjustments, and VICI Properties Inc. (NYSE: VICI) acquired an interest in the land and buildings associated with Rocky Gap for approximately $203.9 million.
  • $175 million of the sale proceeds will be used to repay term loans outstanding.
  • Macquarie Capital acted as exclusive financial advisor, and Latham & Watkins and Duane Morris acted as legal counsels to Golden in connection with the transactions.