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Dec 31, 2023
Golden Entertainment Q4 2023 Earnings Report
Reported a net loss and a decrease in revenue and Adjusted EBITDA due to the exclusion of results from sold businesses.
Key Takeaways
Golden Entertainment reported a decrease in fourth-quarter revenue to $230.7 million compared to $279.7 million in the previous year. The company experienced a net loss of $9.4 million, primarily due to an asset impairment charge related to the Colorado Belle Casino Resort. Adjusted EBITDA was $48.8 million, down from $63.7 million in the fourth quarter of 2022.
Fourth quarter revenue was $230.7 million.
Net loss for the fourth quarter was $9.4 million.
Adjusted EBITDA for the fourth quarter totaled $48.8 million.
Completed the sale of Nevada distributed gaming business in January 2024 for $213.5 million.
Revenue by Segment
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