GDEN
Golden Entertainment, Inc.28.05
-0.23-0.81%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '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
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.
10-Q
Q3 FY2025 results
Golden Entertainment posted Q3 revenues of $154.8M, down 4% y/y from $161.2M (derived), with gaming up 2% y/y to $77.1M while rooms fell 12% y/y amid lower occupancy. Operating income slipped to $0.9M from $6.7M y/y, but YTD operating income held at $23.9M versus $100.4M last year skewed by the distributed gaming sale; diluted EPS dived to -$0.18 from $0.18 y/y due to net loss, with anti-dilution excluding RSUs/PSUs. Cash flow from operations strengthened 4% y/y to $72.8M YTD, funding $32.9M capex; free cash flow not disclosed in the 10-Q. Debt steady at $424.0M net with $205M revolver availability. Nevada Casino Resorts (60% revenue) drove declines from soft visitation. Competition squeezes locals play.
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.
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.
10-Q
Q2 FY2025 results
Golden Entertainment posted Q2 revenues of $163.6M, down 2.2% y/y yet stable q/q, with gaming steady at $78.7M while food/beverage and rooms dipped on softer occupancy at casino resorts. Operating income slipped to $11.9M from $13.5M y/y, driving diluted EPS to $0.17 (reconciles to 27.3M shares). Locals casinos gained traction, up 2.8% revenue to $38.9M (derived). Cash fell to $52.3M after $46.0M operating cash flow minus $25.3M capex (FCF $20.7M derived), $22.3M buybacks, and $13.3M dividends; $432M debt with $200M revolver room. Share repurchases accelerate. Competition squeezes locals play.
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