Sam Ghafir's questions to Golden Entertainment Inc (GDEN) leadership • Q2 2025
Question
Sam Ghafir from Macquarie Group asked for the growth outlook for the second half of the year and inquired about the company's strategy to mitigate depressed pricing and rates on the Las Vegas Strip.
Answer
Chairman & CEO Blake Sartini expressed a positive outlook for the local properties and taverns but noted uncertainty for The Strat's room rates despite improving demand. President & CFO Charles Protell added that the company is aggressively managing costs, such as curtailing midweek restaurant hours, and highlighted that 75% of the company's EBITDA is currently flat to growing year-over-year. Sartini also mentioned that The Strat is well-positioned from a cost standpoint for when revenue growth returns.