Earnings summaries and quarterly performance for GOLDEN ENTERTAINMENT.
Executive leadership at GOLDEN ENTERTAINMENT.
Board of directors at GOLDEN ENTERTAINMENT.
Research analysts who have asked questions during GOLDEN ENTERTAINMENT earnings calls.
DK
David Katz
Jefferies Financial Group Inc.
4 questions for GDEN
Also covers: AGS, BALY, BYD +35 more
John DeCree
CBRE
3 questions for GDEN
Also covers: BYD, CZR, FLL +9 more
JB
Jordan Bender
JMP Securities
3 questions for GDEN
Also covers: AMC, BALY, BRAG +14 more
Barry Jonas
Truist Securities
2 questions for GDEN
Also covers: BALY, BYD, CHDN +15 more
CB
Chad Beynon
Macquarie
2 questions for GDEN
Also covers: ACEL, AGS, AMC +30 more
ZS
Zachary Silverberg
Wells Fargo & Company
2 questions for GDEN
Also covers: AIV, CHDN, RSI
Aaron Lee
Macquarie
1 question for GDEN
Also covers: AGS, CRSR, DDI +4 more
CS
Carlo Santarelli
Deutsche Bank
1 question for GDEN
Also covers: BYD, CZR, DKNG +6 more
DB
David Bain
B. Riley Securities
1 question for GDEN
Also covers: DDI, EVRI, FLL +2 more
JJ
Jeremy Jacoby
Truist Securities
1 question for GDEN
MJ
Maxwell James Marsh
CBRE
1 question for GDEN
Also covers: FLL
Patrick Keough
Truist Securities
1 question for GDEN
Also covers: BRSL, DKNG, INSE +1 more
SG
Sam Ghafir
Macquarie Group
1 question for GDEN
Recent press releases and 8-K filings for GDEN.
Golden Entertainment to be Acquired by Blake Sartini and VICI Properties, Faces Shareholder Investigation
GDEN
M&A
Legal Proceedings
Takeover Bid
- On November 14, 2025, Brodsky & Smith announced an investigation into Golden Entertainment, Inc. (Nasdaq - GDEN).
- Golden Entertainment is set to be acquired by Blake L. Sartini and affiliates and VICI Properties Inc. (NYSE: VICI).
- Golden stockholders will receive a total consideration of $30.00 per share, consisting of a fixed exchange ratio of 0.902 shares of VICI common stock and a cash distribution of $2.75 from Blake Sartini.
- The investigation concerns whether Golden Entertainment's Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether the deal consideration provides fair value.
Nov 14, 2025, 3:51 PM
Golden Entertainment, Inc. Enters Master Transaction Agreement for Multi-Party Merger and Acquisition
GDEN
M&A
Takeover Bid
- Golden Entertainment, Inc. (GDEN) has entered into a Master Transaction Agreement (MTA) with VICI Properties Inc. (PropCo Buyer) and Argento, LLC (OpCo Buyer), dated as of November 6, 2025, for a series of transactions.
- The MTA outlines a complex transaction structure that includes the merger of GDEN with and into New OpCo, the acquisition of 100% of New OpCo's equity interests by OpCo Buyer, and a subsequent merger of New HoldCo (which will own New OpCo) with and into a subsidiary of PropCo Buyer.
- The Independent Committee of Golden Entertainment's Board of Directors has unanimously approved and recommended these transactions, including the Pre-Closing Restructuring, OpCo Sale, and Merger, to the Company's shareholders.
- As of the close of business on November 4, 2025, Golden Entertainment had 26,173,985 Shares issued and outstanding.
- The "Initial Outside Date" for the completion of the transactions is November 5, 2026, with a potential automatic extension to February 5, 2027, under certain conditions.
Nov 7, 2025, 2:06 AM
Golden Entertainment Investigated Over Transaction Fairness
GDEN
M&A
Legal Proceedings
Takeover Bid
- The Ademi Firm is investigating Golden Entertainment (GDEN) for potential breaches of fiduciary duty and other violations of law concerning its recently announced transaction.
- In the transaction, Golden shareholders are slated to receive 0.902 shares of VICI Properties Inc. common stock and $2.75 in cash for each Golden share held.
- The deal involves selling Golden's operating assets to Blake L. Sartini and seven casino real estate assets to VICI in a sale-leaseback arrangement.
- The investigation is examining whether the transaction agreement unreasonably limits competing transactions by imposing a significant penalty if Golden accepts a competing bid.
- Golden insiders are expected to receive substantial benefits as part of change of control arrangements.
Nov 6, 2025, 5:21 PM
Everbay Capital Urges Golden Entertainment to Pursue Sale-Leaseback and Special Dividend
GDEN
Dividends
M&A
- Everbay Capital LP, a shareholder of Golden Entertainment since 2021, has sent a letter to the Board of Directors proposing the immediate pursuit of a sale-leaseback of the Company's casino real estate.
- Everbay recommends using the proceeds from the sale-leaseback to repay debt and pay a special dividend to shareholders.
- The firm estimates the special dividend could amount to $30.12 per share, representing 150% of the current stock price (based on a $20.11 closing price on November 4, 2025).
- Everbay believes shareholders could realize a total value of at least $42 per share, or 210% of the current stock price, including the special dividend and retained ownership in a debt-free casino operating company and tavern business.
- Following the sale-leaseback, Everbay suggests the Board establish a special committee of independent directors to evaluate strategic alternatives for the remaining company.
Nov 6, 2025, 1:15 PM
Golden Entertainment Reports Q3 2025 Results
GDEN
Earnings
Dividends
Demand Weakening
- Golden Entertainment reported Q3 2025 revenues of $154.8 million, a decrease from $161.2 million in Q3 2024.
- The company recorded a net loss of $4.7 million, or $0.18 per share, for Q3 2025, compared to net income of $5.2 million, or $0.18 per fully diluted share, for Q3 2024.
- Adjusted EBITDA for Q3 2025 was $30.5 million, down from $34.0 million in the third quarter of 2024.
- The Board of Directors authorized a recurring quarterly cash dividend of $0.25 per share payable on January 6, 2026.
- As of September 30, 2025, the company's total principal amount of debt outstanding was $430.1 million, with $58.3 million in cash and cash equivalents.
Nov 6, 2025, 1:06 PM
Golden Entertainment to be Acquired by Blake Sartini and VICI Properties
GDEN
M&A
Debt Issuance
Dividends
- Golden Entertainment, Inc. (GDEN) has entered into a definitive agreement to sell its operating assets to Blake L. Sartini and affiliates and seven casino real estate assets to VICI Properties Inc. (VICI).
- Golden stockholders will receive a fixed exchange ratio of 0.902 shares of VICI common stock and a cash distribution of $2.75 for each share of Golden stock.
- The total consideration is valued at $30.00 per share at signing, representing a 41% premium to Golden's closing share price on November 5, 2025.
- VICI will assume and repay up to $426 million of Golden's outstanding debt under its Senior Secured Credit Facility.
- The transaction is expected to close in mid-2026 and includes a "go-shop" period through December 5, 2025, during which Golden can solicit alternative acquisition proposals.
Nov 6, 2025, 1:02 PM
Golden Entertainment Reports Q3 2025 Results
GDEN
Earnings
Demand Weakening
Dividends
- Golden Entertainment reported revenues of $154.8 million for the third quarter of 2025, a decrease from $161.2 million in the third quarter of 2024.
- The company posted a net loss of $4.7 million, or $0.18 per share, for Q3 2025, compared to a net income of $5.2 million, or $0.18 per fully diluted share, in Q3 2024.
- Adjusted EBITDA for the third quarter of 2025 was $30.5 million, down from $34.0 million in the prior year's quarter.
- As of September 30, 2025, the company's total principal amount of debt outstanding was $430.1 million, with $58.3 million in cash and cash equivalents.
- The Board of Directors authorized a recurring quarterly cash dividend of $0.25 per share payable on January 6, 2026.
Nov 6, 2025, 1:02 PM
Quarterly earnings call transcripts for GOLDEN ENTERTAINMENT.
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