Tag Archives: Golden Entertainment
US – J&J Ventures Gaming to buy slot machine business from Golden Entertainment
Golden Entertainment is selling its distributed gaming operations in Nevada and Montana for $322.5m, to J&J Ventures Gaming, plus $39m of estimated purchased cash at closing. J&J Ventures will acquire Golden’s Distributed Gaming Operations in Nevada for $213.5m plus an estimated $34m of purchased cash and Golden’s Distributed Gaming Operations in Montana for $109m plus…
US – Golden Entertainment down one per cent but still ‘significantly above 2019 levels’
Golden Entertainment generated third quarter results ‘significantly above 2019 levels’ with revenues of $279m, net income of $14m and Adjusted EBITDA of $61.1m. Blake Sartini, Chairman and Chief Executive Officer of Golden Entertainment, said: “Our quarterly results continue to be significantly above 2019 levels, despite reflecting a larger impact from seasonality compared to the same…
US – Despite Nevada’s local market slowing state remains ‘a strong place to be right now’
Despite pent-up demand in the Nevada locals market looking like it has eased off, Golden Entertainment said the state remained ‘a strong place to be right now’ as it delivered second quarter revenue of $289.4m, net income of $21.2m and Adjusted EBITDA of $75m. Revenues for the company’s Nevada Locals Casinos were $39.8m for the…
US – Golden Entertainment confirms record gaming revenue for 2021
Golden Entertainment, operator of the STRAT casino in Las Vegas, reported its best ever year in 2021 following a strong fourth quarter where gaming revenues reached $282m, up 37 per cent from the 2020 fourth quarter. Full year 2021 revenues of $1.1bn rose 58 per cent from $694.2m for the 2020 full year. Adjusted EBITDA…
US – Nine out of ten properties above 2019 EBIDTA for Golden Entertainment
Golden Entertainment, owner of nine casino in Nevada, including the Strat and one in Maryland, saw its first quarter 2021 revenue come in at $239.7 with all its casino properties and distributed gaming operations exceeding Q1 2019 Adjusted EBITDA levels except The STRAT. The STRAT occupancy improved significantly during the quarter, with monthly Adjusted EBITDA…
US – Golden Entertainment and Marker Trax to roll out Quick Play cashless solution
Golden Entertainment and Marker Trax will introduce Quick Play to Golden Entertainment’s casinos and taverns, bringing the convenience of cashless advances to players through the innovative technology of Marker Trax. Quick Play will debut at Arizona Charlie’s Decatur, located at 740 S. Decatur Blvd., and will roll out at Golden Entertainment’s other casinos and taverns…
US – William Hill assumes operations of Golden Entertainment’s sportsbooks
William Hill is now operating all Golden Entertainment race and sports book operations in Nevada. The expanded partnership provides bettors access to William Hill’s innovative wagering technology, including its award-winning mobile sports betting app and live InPlay wagering menu. The new terms extend William Hill’s relationship with Golden Entertainment to include race and sportsbook operations…
US – Las Vegas’ most iconic tower rebrands to The Strat
The Stratosphere, Casino, Hotel & Tower in Las Vegas is being rebranded to the Strat Hotel, Casino and SkyPod, a rebrand that embodies the revolution of the iconic property since Golden Entertainment, Inc. took ownership in late 2017. The Strat will also partner with Aristocrat Technologies to debut the Link Lounge, named for the company’s…
US – Golden Entertainment completes Colorado Belle and Edgewater Casino purchases in Laughlin
Golden Entertainment has completed its previously announced acquisition of Colorado Belle Gaming and Edgewater Gaming, from Marnell Gaming in a cash and stock transaction. The acquisition of the Colorado Belle Casino Resort & Microbrewery and Edgewater Hotel and Casino adds two casino resorts adjacent to Golden’s Aquarius Casino Resort in Laughlin. Golden Entertainment now owns…
