Golden Entertainment reported a decrease in revenue and Adjusted EBITDA compared to the previous year, primarily due to the sale of Rocky Gap Casino Resort and distributed gaming operations in Montana and Nevada. However, net income increased due to the gain on the sale of distributed gaming operations in Nevada. The company also completed the sale of its Nevada distributed gaming operations and repaid its outstanding bonds.
Completed the sale of Nevada distributed gaming operations.
Fully repaid outstanding bonds, reducing debt significantly.
Reported a net income increase due to gain on sale of distributed gaming operations.
Declared a recurring quarterly cash dividend of $0.25 per share.
This press release contains forward-looking statements regarding future events and the Company’s future results that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934.
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