MARKET COMPOSITE
GDEN - Golden Entertainment Inc8:00:00 PM 4/18/2024
Price
$33.43
-0.06 (-0.18%)
Golden Entertainment is an American gaming company based in Enterprise, Nevada that operates casinos, taverns and slot routes. It was formed in 2015 by the merger of Golden Gaming and Lakes Entertainment. It is the largest tavern operator and largest slot route operator in Nevada. In October 2017, the company completed an $850 million acquisition of American Casino & Entertainment Properties. The company now has 10 casino resorts, nine in Southern Nevada and one in Maryland. The acquisition of the Colorado Belle and Edgewater gives the company dominance in the market with three of 11 Laughlin properties, including the Aquarius. Golden Gaming was formed in October 2001 as a result of Blake L. Sartini's acquisition of Southwest Gaming Services, a company he founded before selling to Station Casinos.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue230.7MM-10%
Operating Income7.1MM-98%
Operating Expenses223.6MM-
Net Income-9.4MM-104%
G&A58.7MM-13%
Amortization400K+33%
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