Golden Entertainment swings to loss with Nevada resorts segment in decline
Local casinos and taverns remain stable in Nevada
Golden Entertainment, operator of eight casinos and 72 gaming taverns in Nevada, reported a loss with declines across the board prior to being taken private by Chairman and CEO Blake L. Sartini.
The casino and tavern operator generated revenue of $155.6m during its fourth quarter, down 5.2 per cent year-on-year from $164.2m in the prior year period, resulting in a loss of $8.5m. For the full year 2025, Golden Entertainment reported revenue of $634.9m, falling from $666.8m in 2024 and leading to a net loss of $6m.
Its Nevada Resorts division, including The Strat, produced $90.2m in revenue, falling from $97.4m a year ago. The company operates 5,500 slots, 80 table games and 6,000 hotel rooms. The company’s local casinos and taverns remained relatively stable, with both falling by a small amount.
In November, Golden Entertainment outlined how it planned to sell its operating assets to Sartini and affiliates and its seven casino real estate assets to VICI Properties through a sale-leaseback arrangement expected to be completed halfway through the year. VICI will assume and repay up to $426m of the outstanding debt under the Company’s Senior Secured Credit Facility.
It will then become Golden’s real estate partner for the STRAT Hotel, Arizona Charlie’s Decatur, Arizona Charlie’s Boulder, the Aquarius, Edgewater Casino, and the Nugget Hotel & Casino and Lakeside Hotel & Casino in Pahrump.
