GDEN
Golden Entertainment, Inc.28.05
-0.23-0.81%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
734.18MP/E (TTM)
127.50Basic EPS (TTM)
0.22Dividend Yield
0.04%Recent Filings
10-K
FY2025 results
Golden Entertainment posted FY2025 revenue of $635M, down 5% y/y from divestitures and softer casino resort demand, yet Adjusted EBITDA held at $140M through cost discipline. Q4 momentum faltered with Nevada Casino Resorts revenue off 6% y/y on lower hotel occupancy and STRAT tower visitation, while Locals Casinos posted flat revenue but 2% Adjusted EBITDA growth from slot/bingo strength and expense cuts; Taverns slipped 2% on visitation but shifted to participation deals. Net loss swung to $6M from prior gains, with operating income at $22M versus $112M y/y. Debt stood at $435M with $195M revolver availability and $55M cash; quarterly $0.25/share dividends continued alongside $22M buybacks. Sale to CEO affiliates and VICI, eyed for mid-2026, hangs on approvals. Gaming regulations could crimp momentum.
8-K
Q4 revenue drops, loss widens
Golden Entertainment posted Q4 2025 revenues of $155.6M, down from $164.2M a year ago, swinging to a $8.5M net loss versus $3.0M income; full-year revenue fell to $634.9M from $666.8M, with $140.0M Adjusted EBITDA off $155.4M. Debt stood at $438.7M against $55.3M cash. Pending asset sale to CEO Sartini and VICI Properties will delist shares. Revenues slid sharply.
8-K
Golden splits for VICI merger
Golden Entertainment signed a Master Transaction Agreement on November 6, 2025, splitting into OpCo and PropCo units. Argento buys OpCo for $2.75 per share cash—paid as a special dividend to shareholders—while VICI Properties merges with PropCo at 0.902 VICI shares per Golden share. Deal awaits shareholder vote and gaming approvals; eyes mid-2026 close. Independent committee approved.
8-K
Q3 revenues drop, loss posted
Golden Entertainment posted Q3 2025 revenues of $154.8M, down from $161.2M last year, swinging to a $4.7M net loss from $5.2M income. Adjusted EBITDA fell to $30.5M versus $34.0M. Debt stands at $430.1M with $58.3M cash; they paid $0.25/share dividend and authorized another. Earnings call cancelled amid unannounced transaction.
8-K
Golden sale at 41% premium
Golden Entertainment signed a Master Transaction Agreement on November 6, 2025, to sell operating assets to Argento (Blake Sartini affiliates) and seven casino real estate assets to VICI Properties in a sale-leaseback. Shareholders get 0.902 VICI shares plus $2.75 cash per share, valuing deal at $30.00—a 41% premium to November 5 close. Closing eyed mid-2026, pending approvals. Go-shop runs through December 5.
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