Financial Data and Key Metrics Changes - The company's June total EBITDA exceeded expectations, increasing by 14% compared to the same period last year, despite having 3 fewer days in Nevada and 18 fewer days in Maryland [8][10] - The annualized run rate of current cost reductions is over $130 million, with significant reductions in labor and marketing expenses contributing to improved margins [11][12] Business Line Data and Key Metrics Changes - Las Vegas Locals casinos and taverns achieved double-digit revenue growth and doubled their EBITDA contribution compared to last year [10] - The distributed gaming business saw collective revenue growth of 6% and an EBITDA increase of more than 18% across Nevada and Montana operations [11] Market Data and Key Metrics Changes - The STRAT hotel improved occupancy from about 40% in June to over 50% in July, with weekend occupancy reaching 90% during the 4th of July weekend [9][20] - The company's diversified business model, with nearly 80% of 2019 property EBITDA derived from local and regional properties, has positioned it well for recovery [7][16] Company Strategy and Development Direction - The company plans to focus on expansion opportunities in distributed gaming and new jurisdictions, as well as pursue targeted tuck-in acquisitions without increasing leverage [14][22] - Management emphasized the importance of maintaining a sustainable marketing environment and reducing corporate overhead, which has been cut by approximately 25% [11][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to recover and capitalize on future opportunities despite the challenging operating environment due to the pandemic [16] - The company anticipates continued strong performance from local and regional gaming, even as destination properties take longer to recover [35] Other Important Information - The company has no near-term debt maturities and has repaid $190 million on its revolver, maintaining liquidity without needing to access capital markets [12][14] - Significant reductions in corporate expenses are expected to result in a run rate down approximately $10 million annually [30] Q&A Session Summary Question: How is the STRAT adapting to the current operating model? - Management noted that the STRAT is not reliant on group business or international travel, focusing on its core customer demographic, which has led to improved occupancy rates [20] Question: What types of acquisitions is the company considering? - The company is looking for smaller bite-size assets, particularly in Northern Nevada and the eastern seaboard, while being cautious about increasing leverage [22] Question: How sustainable are the current margins in the Nevada Casino market? - Management indicated that reduced corporate overhead and marketing costs are sustainable, with significant labor expenses from buffets being eliminated [25][26] Question: What is the cash flow positivity outlook for the rest of the year? - Management expects to maintain positive cash flow, with June's performance indicating a run rate at or exceeding last year [32] Question: What trends are being observed in July and August? - The company reported a continuation of positive trends seen in June, with strong performance from local and regional gaming [35] Question: What are the prospects for VGT expansion in Pennsylvania? - Management remains cautiously optimistic about VGT expansion in Pennsylvania, believing that economic needs may drive legislative changes [42]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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, 2020 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, INC. (Exact name of registrant as specified in its charter) Minnesota 41-1913991 (State or ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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 March 31, 2020 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, INC. (Exact Name of Registrant as Specified in its Charter) Minnesota 41-1913991 (State o ...

GOLDEN ENTERTAINMENT I N V E S T O R P R E S E N TAT I O N M A R C H 2 0 2 0 DISCLAIMER Forward-Looking Statements This press release contains forward-looking statements regarding future events and our 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," "ma ...

(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, 2019 or Washington, D.C. 20549 Form 10-K ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to UNITED STATES SECURITIES AND EXCHANGE COMMISSION Commission File No. 000-24993 Golden Entertainment, Inc. (Exact name of registrant as specified in its charter) Minnesota 41-1913991 (State or other jurisdictio ...

Golden Entertainment, Inc. (NASDAQ:GDEN) Q4 2019 Earnings Conference Call March 12, 2020 5:00 PM ET Company Participants Joe Jaffoni - Investor Relations Blake Sartini - Founder, Chairman & Chief Executive Officer Charles Protell - President & Chief Financial Officer Conference Call Participants Carlo Santarelli - Deutsche Bank Chad Beynon - Macquarie Dan Politzer - JPMorgan David Katz - Jefferies John DeCree - Union Gaming Operator Ladies and gentlemen, thank you for standing by and welcome to the Fourth Q ...

GOLDEN ENTERTAINMENT I N V E S T O R P R E S E N TAT I O N N O V E M B E R 2 0 1 9 DISCLAIMER Forward-Looking Statements This press release contains forward-looking statements regarding future events and our 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 ...

Golden Entertainment, Inc (NASDAQ:GDEN) Q3 2019 Earnings Conference Call November 7, 2019 5:00 PM ET Company Participants Joe Jaffoni – Investor Relations Charles Protell – President, Chief Strategy Officer and Chief Financial Officer Blake Sartini – Chairman and Chief Executive Officer Conference Call Participants Carlo Santarelli – Deutsche Bank Chad Beynon – Macquarie Dan Politzer – JPMorgan John DeCree – Union Gaming Ricardo Chinchilla – Deutsche Bank David Katz – Jefferies Operator Ladies and gentlemen ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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, 2019 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, INC. (Exact Name of Registrant as Specified in its Charter) Minnesota 41-1913991 (Sta ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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, 2019 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 | | Trading | | | --- | --- | --- | | Title of each class | Symbol(s) | Name of each exchange on which registere ...