Golden Entertainment Inc (OQ:GDEN)
Business Focus: Casinos & Gaming
| Sector: Consumer Cyclicals | Industry: Casinos & Gaming |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 6595 S Jones Blvd LAS VEGAS NV 89118-3337 |
| Tel: | N/A |
| Website: | https://www.goldenent.com |
| IR: | See website |
| Key People | ||
| Blake L. Sartini Chairman of the Board, Chief Executive Officer, Director | Charles H. Protell President, Chief Financial Officer, Treasurer | Blake L. Sartini Chief Operating Officer, Executive Vice President |
| Thomas Edwin Haas Senior Vice President, Chief Accounting Officer | Stephen A. Arcana Chief Development Officer | |
| Business Overview |
| Golden Entertainment, Inc. owns and operates a diversified entertainment platform, consisting of a portfolio of gaming and hospitality assets that focuses on casino and branded tavern operations. The Company operates over 5,600 slots, over 100 table games, and over 6,000 hotel rooms. The Company owns approximately eight casinos and 69 gaming taverns in Nevada. The Company's segments include Nevada Casino Resorts, Nevada Locals Casinos, and Nevada Tavern. The Nevada Casino Resorts segment consists of destination casino resort properties offering a variety of food and beverage outlets, entertainment venues and other amenities. The Nevada Locals Casinos segment consists of casino properties that cater to local customers who generally live within a five-mile radius. The Nevada Taverns segment consists of branded tavern locations, where the Company controls the food and beverage operations as well as the slot machines located within the tavern. |
| Financial Overview |
| For the 13 weeks ended 31 March 2024, Golden Entertainment Inc revenues decreased 37% to $174M. Net income increased from $11.6M to $42M. Revenues reflect Gaming decrease of 54% to $86.9M, Food and beverage decrease of 6% to $43.7M, Room decrease of 4% to $29.4M. Net income reflects Interest expense decrease of 41% to $10.7M (expense), Selling, general and administrative decrease of 3% to $60M (expense). |
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