Golden Entertainment, Inc. is a dynamic gaming and hospitality company that operates a diverse portfolio of casinos and gaming properties across the United States
The company focuses on providing a premium experience through its gaming offerings, which include slot machines, table games, and sports betting, as well as a variety of dining and entertainment options. Golden Entertainment also operates a network of distributed gaming venues, including bars and taverns, enhancing its presence in the regional gaming market. With a commitment to innovative gaming solutions and customer service, the company aims to create memorable experiences for its guests while driving sustainable growth in the competitive landscape of the gaming industry.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the casino operator industry, including Golden Entertainment (NASDAQGDEN) and its peers.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at PENN Entertainment (NASDAQPENN) and the best and worst performers in the casino operator industry.
Golden Entertainment has followed the market’s trajectory closely, rising in tandem with the S&P 500 over the past six months. The stock has climbed by 13% to $33.01 per share while the index has gained 12.9%.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the casino operator industry, including Red Rock Resorts (NASDAQRRR) and its peers.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at casino operator stocks, starting with Caesars Entertainment (NASDAQCZR).
Casino, tavern, and slot machine operator Golden Entertainment (NASDAQGDEN) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 37.4% year on year to $161.2 million. Its GAAP profit of $0.18 per share was 101% above analysts’ consensus estimates.
Golden Entertainment, Inc. (NASDAQGDEN) (“Golden Entertainment” or the “Company”) today reported financial results for the third quarter ended September 30, 2024. The Company reported third quarter revenue of $161.2 million, net income of $5.2 million and Adjusted EBITDA of $34.0 million. In addition, on November 5, 2024, the Company’s Board of Directors authorized the Company’s recurring quarterly cash dividend of $0.25 per share of the Company’s outstanding common stock payable on January 7, 2025 to shareholders of record as of December 20, 2024. The Company’s Board of Directors also increased the Company’s share repurchase authorization by $100 million, creating $131.4 million of current availability under the Company’s share repurchase program.
Casino, tavern, and slot machine operator Golden Entertainment (NASDAQGDEN)
will be reporting results tomorrow after the bell. Here’s what you need to know.
Golden Entertainment, Inc. (NASDAQGDEN) (“Golden Entertainment” or the “Company”) announced today that it will release its 2024 third quarter financial results after the market closes on Thursday, November 7, 2024, and host a conference call and simultaneous webcast at 5:00 p.m. ET (2:00 p.m. PT) that day. Both the call and webcast are open to the general public.
GDEN stock results show that Golden Entertainment missed analyst estimates for earnings per share and missed on revenue for the second quarter of 2024.
Golden Entertainment, Inc. (NASDAQGDEN) (“Golden Entertainment” or the “Company”) today reported financial results for the second quarter ended June 30, 2024. The Company reported second quarter revenue of $167.3 million, net income of $0.6 million and Adjusted EBITDA of $41.2 million. In addition, on August 6, 2024, the Company’s Board of Directors authorized the Company’s third recurring quarterly cash dividend of $0.25 per share of the Company’s outstanding common stock payable on October 2, 2024 to shareholders of record as of September 17, 2024.
Golden Entertainment, Inc. (NASDAQGDEN) (“Golden Entertainment” or the “Company”) announced today that it will release its 2024 second quarter financial results after the market closes on Thursday, August 8, 2024, and host a conference call and simultaneous webcast at 5:00 p.m. ET (2:00 p.m. PT) that day. Both the call and webcast are open to the general public.
Golden Entertainment, Inc. (NASDAQGDEN) (“Golden Entertainment” or the “Company”) today announced it has repriced and allocated its existing term loan credit facility due 2030 (the “Term Loan Facility”). The repricing amendment, which is subject to execution of definitive documentation and customary closing conditions, will reduce the applicable margin under the Term Loan Facility by 50 basis points, such that base rate loans and SOFR loans will bear interest at the applicable base rate plus 1.25% and 2.25%, respectively. In addition, the repricing amendment will eliminate the Term SOFR Adjustment of 10 basis points with respect to loans under the Term Loan Facility, for a total interest rate reduction of 60 basis points.
