Golden Entertainment(GDEN)
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Golden Entertainment(GDEN) - 2022 Q4 - Annual Report
2023-02-28 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________ Form 10-K _______________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______to ______ Commission File No. 000-24993 _____________________ ...
Golden Entertainment(GDEN) - 2022 Q3 - Quarterly Report
2022-11-06 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________________ FORM 10-Q ________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 000-24993 _______________________ ...
Golden Entertainment(GDEN) - 2022 Q3 - Earnings Call Transcript
2022-11-06 12:03
Golden Entertainment, Inc. (NASDAQ:GDEN) Q3 2022 Earnings Conference Call November 3, 2022 5:00 PM ET Company Participants Joe Jaffoni - Investor Relations Charles Protell - President & Chief Financial Officer Blake Sartini - Founder, Chairman & Chief Executive Officer Conference Call Participants Chad Beynon - Macquarie Cassandra Lee - Jefferies Omer Sander - JPMorgan David Bain - B. Riley Jordan Bender - JMP Securities Edward Engel – ROTH Capital John DeCree - CBRE Securities Operator Good afternoon, and ...
Golden Entertainment(GDEN) - 2022 Q2 - Earnings Call Transcript
2022-08-08 04:17
Golden Entertainment, Inc. (NASDAQ:GDEN) Q2 2022 Earnings Conference Call August 4, 2022 5:00 PM ET Company Participants Joe Jaffoni – Investor Relations Blake Sartini – Founder, Chairman and Chief Executive Officer Charles Protell – President and Chief Financial Officer Conference Call Participants David Bain – B. Riley Carlo Santarelli – Deutsche Bank Cassandra Lee – Jefferies Omer Sander – J.P. Morgan Chad Beynon – Macquarie Jordan Bender – JMP Securities Edward Engel – ROTH Capital Partners Operator Goo ...
Golden Entertainment(GDEN) - 2022 Q2 - Earnings Call Presentation
2022-08-07 06:47
A U G U S T 2 0 2 2 GOLDEN ENTERTAINMENT INVESTOR PRESENTATION Disclaimer Forward-Looking Statements This press release contains forward-looking statements regarding future events and the Company's future results that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward-looking statements can generally be identified by the use of words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "intend," "may," ...
Golden Entertainment(GDEN) - 2022 Q2 - Quarterly Report
2022-08-04 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________________ FORM 10-Q ________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 000-24993 ____________________________ ...
Golden Entertainment (GDEN) Investor Presentation - Slideshow
2022-06-09 19:32
GOLDEN ENTERTAINMENT INVESTOR PRESENTATION M AY 2 0 2 2 Disclaimer Forward-Looking Statements This press release contains forward-looking statements regarding future events and the Company's future results that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward-looking statements can generally be identified by the use of words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "plan," ...
Golden Entertainment(GDEN) - 2022 Q1 - Earnings Call Transcript
2022-05-07 06:48
Golden Entertainment, Inc. (NASDAQ:GDEN) Q1 2022 Earnings Conference Call May 5, 2022 5:00 PM ET Company Participants Joe Jaffoni – Investor Relations Charles Protell – President and Chief Financial Officer Blake Sartini – Founder, Chairman and Chief Executive Officer Conference Call Participants Omer Sander – JPMorgan Carlo Santarelli – Deutsche Bank Cassandra Lee – Jefferies Edward Engel – Roth Capital Operator Good afternoon, ladies and gentlemen, thank you for standing by. Welcome to the Golden Entertai ...
Golden Entertainment(GDEN) - 2022 Q1 - Quarterly Report
2022-05-05 16:00
Financial Performance - Total revenues for the three months ended March 31, 2022, were $273.6 million, a 14% increase from $239.7 million in the same period of 2021 [111]. - Net income for the three months ended March 31, 2022, was $36.1 million, compared to $10.6 million in the prior year period [111]. - Adjusted EBITDA for the same period increased to $67.3 million, a rise of $7.8 million, or 13%, compared to $59.5 million in the prior year [124]. - Nevada Casino Resorts saw revenues increase by $21.6 million, or 29%, and Adjusted EBITDA rise by $6.9 million, or 26%, due to higher hotel occupancy [125]. - Distributed Gaming revenues increased by $9.3 million, or 8%, with Adjusted EBITDA up by $1.2 million, or 6%, driven by increased gaming demand [129]. Revenue Sources - Gaming revenue increased by $13.8 million to $190.8 million, while food and beverage revenue rose by $8.7 million to $42.5 million [112]. - The company operates ten casino properties in Nevada and Maryland, with a total of 357,886 square feet of casino space and 16,961 slot machines [98]. - The Distributed Gaming segment includes over 11,800 slot machines across approximately 1,100 non-casino locations in Nevada and Montana [107]. - As of March 31, 2022, the company owned and operated 65 branded taverns, offering over 1,000 onsite slot machines [108]. - The STRAT Hotel and Casino, the company's premier property, features an 80,000 square foot casino with 711 slot machines and 2,429 hotel rooms [98]. Cash Flow and Financing - Cash and cash equivalents as of March 31, 2022, totaled $202.3 million, with $240 million available under the revolving credit facility [131]. - Net cash provided by operating activities decreased by $8.7 million, or 17%, to $43.5 million for the three months ended March 31, 2022, primarily due to timing of working capital spending [134]. - Net cash used in investing activities increased by $6.0 million, or 128%, to $10.7 million, reflecting higher capital expenditures [135]. - Net cash used in financing activities surged by $45.4 million, or 796%, to $51.1 million, mainly due to term loan prepayments and stock repurchases [136]. - As of March 31, 2022, the company had $625 million in principal amount of outstanding term loan borrowings under the Credit Facility, with a weighted-average effective interest rate of approximately 3.75% [153]. Operational Insights - The company continues to seek opportunistic and accretive opportunities for additional tavern openings and acquisitions [108]. - The operations of the Colorado Belle property remain suspended due to the impact of the COVID-19 pandemic [95]. - Operating expenses increased by $21.3 million, or 16%, for the three months ended March 31, 2022, primarily due to increased occupancy and guest visitation as COVID-19 restrictions eased [113]. Regulatory and Market Factors - The gaming industry is subject to extensive regulation, and changes in laws or regulations could materially affect the company's financial position and operations [149]. - Seasonal factors affect the company's revenue, with lower revenues typically seen in summer months due to fewer tourists and increased local vacation activity [147]. - The company's Nevada distributed gaming operations generally experience higher revenues during the fall, coinciding with professional sports seasons [147]. - The company is exposed to interest rate risk associated with its variable rate long-term debt, primarily under the Credit Facility [152]. Tax and Accounting - The effective income tax rate for the three months ended March 31, 2022, was (105.1)%, significantly differing from the federal tax rate of 21% due to changes in valuation allowance [120]. - The company continues to evaluate the potential impact of the transition from LIBOR, which is expected to have no material impact on its business or financial condition [155]. - The company has no off-balance sheet arrangements that could materially affect its financial condition or results [151]. - As of March 31, 2022, there were no material changes in the company's commitments under contractual obligations compared to previous disclosures [146].
Golden Entertainment(GDEN) - 2021 Q4 - Annual Report
2022-02-28 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______to ______ Washington, D.C. 20549 _______________________________________________ Commission File No. 000-24993 _______________________________________________ Form 10-K _______________________________________________ GOLDEN ENTERTAINMENT, INC. (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT O ...