Business
November 14, 2025
Everbay Capital Cites Concerns Over Golden Entertainment CEO Buyout
New York–based investment firm Everbay Capital has sent a letter to Golden Entertainment’s board raising serious concerns about last week’s announcement that the company’s CEO, Blake Sartini, plans to purchase the business. Everbay Capital argues that the proposed price of $2.75 per share for the remaining company, following the real estate divestiture, significantly undervalues its […]
Business
November 7, 2025
Golden Entertainment CEO to Buy the Company in a Private Buyout
Golden Entertainment, a company operating a diversified entertainment platform that includes gaming and hospitality assets, announced that it has reached a definitive agreement to sell its operating assets to its CEO and founder, Blake Sartini, along with his affiliates. In addition, seven of Golden Entertainment’s casino real estate properties will be sold to VICI Properties […]
Business
February 28, 2025
Golden Entertainment Executives Weigh in on Q4, Expect Recovery in 2025
Golden Entertainment, the company operating Las Vegas’ The Strat, is bullish on 2025, believing that business conditions will improve. During the company’s latest earnings call, executives weighed in on the matter, expressing confidence in the business’ near-term success. The Operator Is in Strong Position Despite the Setbacks Charles Protell, Golden Entertainment’s president and chief financial […]
Business
January 21, 2025
Golden Entertainment, Wynn Resorts Tipped for Success, Says Analyst
An expert analyst recently highlighted a number of stock picks for the year, mentioning several companies within the gambling sector. Fox Can Enter the Gambling Vertical Through Share Purchase in FanDuel That’s the opinion of Mario Gabelli, Gabelli Funds’ CEO and chairman, who participated in Barron’s “Roundtable,” along with five other experts. Those professionals shared […]
Business
October 18, 2024
Analyst Hints at Potential Golden Entertainment Casino Sale-Leaseback
On Wednesday, the American gaming company that operates gaming properties, slot routes and taverns, Golden Entertainment, confirmed that its third quarter 2024 financial results are going to be released after market close on November 7, 2024. Ahead of the release of the financial figures, analysts shared their forecast, discussed potential challenges and opportunities the company […]
Business
September 23, 2024
B. Riley Lowers Golden Entertainment Expectations, Maintains Buy Rating
B. Riley has lowered its score for Golden Entertainment slightly while still maintaining a “buy” rating. The new outlook led to an immediate slump in the gambling company’s share price. The Operator’s Business Suffered Because of the Hot Summer As mentioned, B. Riley reduced its estimates on the company, lowering CY24E EBITDA by 4% and […]
Casino
December 27, 2023
Golden Entertainment to Use Oak Tree Proceeds to Boost Properties
Golden Entertainment Inc was cleared to sell its slots business to Oak Tree last week with the Nevada Gaming Commission giving its approval and go-ahead for the deal to proceed. Officially, the acquisition is carried out by J&J Ventures and backed by Oak Tree. Ploughing the Proceeds Back into Improving Existing Business The proceeds from […]
Business
August 1, 2023
Golden Entertainment Posts Q2 Results, Considers M&A Activity
Golden Entertainment has reported its results for the second quarter of the year, highlighting changes to its performance. The company recently finalized its latest divestments and is now planning M&A activity to support its growth. Golden Entertainment reported revenues of $286.7 million for Q2, representing a slight 1% year-on-year drop. Net income, meanwhile, sat at […]
Business
March 7, 2023
Golden Entertainment to Sell Nevada and Montana Gaming Operations to J&J Gaming
American gaming company Golden Entertainment unveiled a definitive agreement to divest its gaming operations in the states of Nevada and Montana. As announced by the company, it has agreed to sell these assets to J&J Ventures Gaming for aggregate cash consideration of $322.5 million. Golden Entertainment explained that the sale of its Nevada-based business will […]
Business
November 4, 2022
Golden Entertainment Q3 Revenue Stagnates
Casino operator Golden Entertainment released its quarterly financial report, showing stagnation across several important metrics. However, the company remains optimistic regarding the remainder of the year. This attitude is partly due to the upcoming sale of Rocky Gap Casino Resort, which should provide a substantial injection of capital. Results Were Underwhelming across All Vectors The […]
