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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 […]
Business
February 3, 2021
Las Vegas: Golden Entertainment’s Venues to Feature Cashless Advance System
Golden Entertainment has signed a deal with Marker Trax to launch Quick Play, its cashless advance system, across all of its Las Vegas venues. Marker Trax Partners Up with Golden Entertainment Nevada-based casino and tavern operator Golden Entertainment announced yesterday the launch of its Marker Trax-powered Quick Play, the operator cashless advance system, at all […]
Business
November 6, 2020
Golden Entertainment’s Third Quarter Business Recovering
Nasdaq-traded casino operator Golden Entertainment released Thursday its third quarter financial report, pointing out that the financial performance during the quarter at all of its properties quickly recovered from the coronavirus impact. Quarterly Revenues Down YoY Golden Entertainment posted 2020 third quarter revenues of $205.4 million, 15.6% down compared to the quarterly result for the […]