STRAT owner pays down debt after selling off slot route, Maryland casino [Yahoo! Finance]
Golden Entertainment, Inc. (GDEN)
Last golden entertainment, inc. earnings: 3/12 04:05 pm
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Source: Yahoo! Finance
Golden Entertainment, which owns The STRAT Hotel, Casino & Tower along with seven smaller casinos in Southern Nevada, is among the companies that are feeling the pinch. Inflation and other pressures on household income have taken their toll on some segments of casino customers over the past year. After selling off its slot route business and a Maryland casino resort in an effort to focus on its core holdings in Nevada, officials at Golden Entertainment used the proceeds to shore up company finances. Debt has been reduced and Golden continues to grow its tavern business — PT's Pub and several other brands representing 71 locations in Nevada. With the revenue pared down after selling the other businesses, Golden Entertainment reported first-quarter revenue of $174.0 million compared to $278 million in the first quarter of 2023. Looking only at its Nevada businesses, revenue is still down by about $1.5 million compared to Q1 of 2023. But earnings were still down about $6.7 million
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GDEN
News
- Golden Entertainment Announces Repricing of Term Loan [Yahoo! Finance]Yahoo! Finance
- Golden Entertainment Announces Repricing of Term LoanBusiness Wire
- Golden Entertainment announces Quick Custom Intelligence's successful deployment taking QCI to 75 sites in Nevada [Yahoo! Finance]Yahoo! Finance
- Golden Entertainment, Inc. (NASDAQ: GDEN) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Golden Entertainment, Inc. (NASDAQ:GDEN) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
GDEN
Earnings
- 5/8/24 - Beat
GDEN
Sec Filings
- 5/31/24 - Form 4
- 5/31/24 - Form 144
- 5/31/24 - Form 144
- GDEN's page on the SEC website