Golden Entertainment, Inc. - GDEN STOCK NEWS

Golden Entertainment (NASDAQ:GDEN) has announced the release of its 2024 third quarter financial results after market close on Thursday, November 7, 2024. The company will host a conference call and simultaneous webcast at 5:00 p.m. ET (2:00 p.m. PT) on the same day.

Interested parties can access the call by dialing (877) 407-0789 for domestic callers or (201) 689-8562 for international callers. A replay will be available from 8:00 p.m. ET until November 14, 2024, accessible by dialing (844) 512-2921 or (412) 317-6671 for international callers, using the passcode 13749554.

The call will also be webcast live through the "Investors" section of Golden Entertainment's website at www.goldenent.com, where an audio replay will be archived.

Golden Entertainment (NASDAQ: GDEN) announced its second quarter 2024 financial results. The company reported revenue of $167.3 million, net income of $0.6 million, and an Adjusted EBITDA of $41.2 million. The Board of Directors approved a third recurring quarterly dividend of $0.25 per share payable on October 2, 2024. Significant financial actions included repaying $287 million in senior unsecured notes and repricing a $396 million term loan, reducing the interest rate by 60 basis points. The company also repurchased nearly one million shares for $29.5 million. Compared to Q2 2023, revenues and Adjusted EBITDA declined, partially due to the sale of several gaming operations. As of June 30, 2024, total debt was $400.7 million with $88.6 million in cash. No borrowings were outstanding under the $240 million revolving credit facility.

Golden Entertainment (NASDAQ:GDEN) has announced it will release its 2024 second quarter financial results after market close on Thursday, August 8, 2024. The company will host a conference call and simultaneous webcast at 5:00 p.m. ET (2:00 p.m. PT) on the same day. Both the call and webcast are open to the public.

Interested parties can access the conference call by dialing (800) 717-1738 for domestic callers or (646) 307-1865 for international callers. A replay will be available from 8:00 p.m. ET until August 14, 2024, accessible by dialing (844) 512-2921 or (412) 317-6671 for international callers, using passcode 1170998. The call will also be webcast live through the 'Investors' section of Golden Entertainment's website.

Golden Entertainment (NASDAQ: GDEN) has announced a repricing and allocation of its existing term loan credit facility, due in 2030. The amendment, pending final documentation and customary closing conditions, will reduce the applicable margin by 50 basis points. Base rate loans will now bear interest at the base rate plus 1.25%, and SOFR loans at the SOFR rate plus 2.25%. Additionally, the Term SOFR Adjustment of 10 basis points will be eliminated, resulting in a total interest rate reduction of 60 basis points. Santander and Deutsche Bank Securities served as lead arrangers, with legal counsel from Latham & Watkins and Cahill Gordon & Reindel.

Golden Entertainment, Inc. reported a revenue of $174.0 million, net income of $42.0 million, and Adjusted EBITDA of $41.0 million for the first quarter of 2024. The company's Board of Directors declared a cash dividend of $0.25 per share, payable on July 2, 2024. Golden Entertainment completed the sale of non-core assets, simplified its capital structure, and used proceeds to repay outstanding bonds. The company's debt was significantly reduced, providing flexibility for investments and strategic opportunities.

Golden Entertainment, Inc. (NASDAQ:GDEN) will announce its 2024 first quarter financial results on May 8, 202 how to access the conference call and webcast.

Golden Entertainment, Inc. (NASDAQ: GDEN) announces key management changes with Blake Sartini II appointed as Chief Operating Officer and Steve Arcana as Chief Development Officer. The move aims to optimize operations, drive growth, and enhance shareholder value.

Golden Entertainment, Inc. (GDEN) reported fourth-quarter revenue of $230.7 million, net loss of $9.4 million, and Adjusted EBITDA of $48.8 million. The full-year 2023 revenue was $1.1 billion, with a net income of $255.8 million and Adjusted EBITDA of $222.5 million. The company completed the sale of its Nevada distributed gaming business, repaid over $60 million of debt in Q4, and initiated a quarterly cash dividend of $0.25 per share. The stock symbol is GDEN.

Golden Entertainment, Inc. (GDEN) will release its 2023 fourth quarter and full year financial results on February 29, 2024. The conference call and webcast will be open to the public. The call can be accessed by phone or web, with a replay available until March 7, 2024. The webcast will be archived on the Company's website.