Loading...
•
Sep 30, 2023
Golden Entertainment Q3 2023 Earnings Report
Reported third quarter results with revenue of $257.7 million and net income of $241.2 million.
Key Takeaways
Golden Entertainment reported a strong third quarter, driven by improved performance in Nevada Casino Resorts and consistent performance in Nevada Locals Casinos. The company completed the sale of Rocky Gap Casino Resort and Montana distributed gaming business, strengthening the balance sheet and enabling return of capital to shareholders. The company reduced term loans by $176 million and repurchased shares.
Third quarter revenue was $257.7 million, with net income of $241.2 million and Adjusted EBITDA of $53.2 million.
Closed the $260 million sale of Rocky Gap Casino Resort in July and the $109 million sale of Montana distributed gaming business in September.
Paid a special cash dividend of $2.00 per share in August and repurchased 252,395 shares of common stock in September.
Reduced term loans by $176 million in the third quarter and repurchased $49.3 million of unsecured notes in October.
Revenue by Geographic Location
Forward Guidance
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...