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Tag Archives: Golden Entertainment

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…

US – William Hill to operate Golden Entertainment’s sportsbooks

Golden Entertainment has entered into a long-term agreement with William Hill, the leading bookmaker in America, to manage the company’s race and sports operations in Nevada, Maryland and Montana. This expands upon Golden Entertainment’s existing agreement with William Hill, which already operates the race and sports book at Pahrump Nugget Hotel & Gambling Hall as…

US – Golden Entertainment to buy two casinos from Marnell Gaming

Golden Entertainment is buying the Edgewater Hotel & Casino Resort and the Colorado Belle Hotel & Casino Resort in Laughlin, Nevada, from Marnell Gaming for between $168m and $190m. The purchase price will be based on an 8.0x multiple of the combined trailing 12 months adjusted EBITDA of both properties as of November 2018. Blake…

US – Golden Entertainment installs Konami’s Synkros Management System at all of its casinos

Golden Entertainment has selected Konami Gaming to replace existing systems at The Stratosphere Hotel, Casino & Tower, Arizona Charlie’s Decatur, Arizona Charlie’s Boulder, and Aquarius Casino Resort in Laughlin. All four sites were recently acquired by Golden Entertainment, and through the coming months will connect with existing Sykros sites in Pahrump and Maryland for a…

US – Stratosphere to take gaming to new heights

Golden Entertainment is to spend $140m on redeveloping Stratosphere Casino, Hotel & Tower, in a move that will see a complete refresh of its iconic Top of the World restaurant and Tower experience with the addition of a dedicated casino area conveniently located near access to the tower thrill rides to appeal to a younger…