As of 3/31/24 ▪ 1.8x pro forma net leverage ▪ $673 million funded debt at 8.0%(1) ➢ $397 million 1st lien term loan at S + 285 bps(2) ▪ $240 million undrawn revolver 16 Arizona Charlie's Casinos | --- | --- | --- | --- | --- | --- | --- | |-------|--------------------------------------------------------------------------------------------------|-----------------|-------|----------------------------------------------------------------------------------------------------------------------|-------------------- ...

On April 15, 2024, the Company redeemed and repaid in full all of its senior unsecured notes in the amount of $287.0 million, consisting of $276.5 million in principal and $10.5 million in accrued and unpaid interest. The Company also paid its first quarterly dividend in the amount of $7.2 million on April 4, 2024. Consolidated Results Exhibit 99.1 GOLDEN ENTERTAINMENT REPORTS 2024 FIRST QUARTER RESULTS LAS VEGAS – May 8, 2024 – Golden Entertainment, Inc. (NASDAQ: GDEN) ("Golden Entertainment" or the "Compa ...

In its upcoming report, Golden Entertainment (GDEN) is predicted by Wall Street analysts to post quarterly earnings of $0.13 per share, reflecting a decline of 65.8% compared to the same period last year. Revenues are forecasted to be $168.72 million, representing a year-over-year decrease of 39.3%.The consensus EPS estimate for the quarter has been revised 7.8% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial est ...

The market expects Golden Entertainment (GDEN) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be re ...

Golden Entertainment (GDEN) has been beaten down lately with too much selling pressure. While the stock has lost 10% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.Here is How to Spot Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator ...

Financial Data and Key Metrics Changes - In Q4, the company generated revenue of $231 million and EBITDA of $48.8 million, leading to total annual revenue of $1.1 billion and annual EBITDA of $222.5 million [6][5] - Adjusting for divested operations, revenue decreased by 1.6% and EBITDA declined by 11% in Q4, impacted by increased labor and other costs [7][6] - The company reduced debt by over $60 million in Q4, totaling nearly $240 million for the year, with a year-end debt profile of $398 million in floating rate term loans and $276 million in fixed rate bonds [19][18] Business Line Data and Key Metrics Changes - Revenue at Nevada Casino Resorts increased slightly year-over-year, while EBITDA declined by 8.8% [8] - Nevada Taverns saw a 3% increase in revenue and a 4% increase in EBITDA, attributed to the acquisition of four new taverns [16] - Revenue for Nevada Locals Casinos decreased by 4% and EBITDA by 10%, primarily due to reduced room nights at Arizona Charlie's Boulder [17] Market Data and Key Metrics Changes - STRAT occupancy in Q4 was 79%, up 2% from last year, but still below 2019 levels [14] - The company experienced a significant decline in midweek occupancy compared to 2019, with 125,000 missing room nights translating to approximately $40 million in potential revenue [65] Company Strategy and Development Direction - The company is focusing on organic growth opportunities through improved performance at STRAT and expanding the Tavern footprint, capitalizing on favorable macro trends in Southern Nevada [21] - A quarterly cash dividend of $0.25 per share has been established, with plans for opportunistic stock repurchases [20][19] - The company aims to grow its tavern locations from 69 to 90-100 without significant increases in corporate overhead [16] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges from labor costs but expressed optimism for flat margin trends in 2024, aided by room refurbishments and new amenities [35][34] - The company is actively engaging with F1 organizers to enhance the event's appeal and maximize contributions to STRAT in future years [71][72] Other Important Information - The company completed the sale of its Nevada Distributed Gaming business for approximately $240 million, significantly improving its leverage profile and liquidity [18][19] - The STRAT has undergone significant renovations, with 1,300 of its 2,400 rooms recently upgraded, and additional amenities like Atomic Golf expected to enhance revenue [15][74] Q&A Session Summary Question: Labor costs and margin outlook for Nevada Casino - Management expects margins to be flat in 2024, considering the renewal of the union contract and potential revenue uplifts [35][34] Question: Dividend policy and capital flexibility - Management believes the dividend can coexist with stock buybacks and maintains flexibility for potential M&A opportunities [28][39] Question: Midweek opportunities at STRAT - Management sees improvement in midweek occupancy and anticipates better performance due to new amenities and a robust convention calendar [64][65] Question: Tavern expansion and competition - The company is focused on acquiring new tavern locations and believes its operational expertise positions it well against competition [47][46] Question: F1 event contributions and future strategies - Management is working with F1 to broaden the event's appeal and enhance participation from non-mid-strip operators [71][72]

Golden Entertainment (GDEN) came out with quarterly earnings of $0.18 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -28%. A quarter ago, it was expected that this gaming services provider would post earnings of $0.15 per share when it actually produced a loss of $0.02, delivering a surprise of -113.33%.Over the last four qu ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional val ...

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, 2023 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 _____________________ ...

Financial Performance - Fourth quarter 2023 revenues were $230.7 million, a decrease of 17.5% compared to $279.7 million in the fourth quarter of 2022[5] - Net loss for the fourth quarter of 2023 was $9.4 million, or a loss of $0.33 per share, primarily due to a $12.1 million asset impairment charge[5] - Full year 2023 revenue was $1.1 billion, with net income of $255.8 million, or $8.31 per fully diluted share, compared to $82.3 million, or $2.61 per fully diluted share in 2022[9] - Adjusted EBITDA for the full year 2023 was $222.5 million, down from $267.1 million in 2022, primarily due to the exclusion of results from sold businesses[9] - Total revenues for Q4 2023 were $230.691 million, a decrease of 17.5% compared to $279.710 million in Q4 2022[24] - Adjusted EBITDA for Q4 2023 was $48.760 million, down 23.4% from $63.684 million in Q4 2022[24] - For the full year 2023, total revenues were $1.053 billion, down 6.1% from $1.121 billion in 2022[24] - Full year adjusted EBITDA decreased to $222.522 million in 2023 from $267.080 million in 2022, a decline of 16.6%[24] Asset Sales and Divestitures - The company completed the sale of its Nevada distributed gaming business for approximately $213.5 million, contributing to over $600 million in total proceeds from non-core divestitures in 2023[6] - The company completed the sale of its distributed gaming operations in Montana on September 13, 2023, and in Nevada on January 10, 2024[26] - The company incurred transaction costs of $8.3 million related to the sales of the Rocky Gap Casino Resort and distributed gaming operations in Montana during 2023[9] - The company reported a significant loss on the sale of businesses amounting to $2.650 million in Q4 2023[24] Debt and Cash Management - Total debt repaid in 2023 amounted to $239 million, including $59 million in the fourth quarter[6] - As of December 31, 2023, total principal amount of debt outstanding was $677.7 million, with cash and cash equivalents of $197.6 million[10] Dividend and Shareholder Returns - The company initiated a recurring quarterly cash dividend of $0.25 per share, with the first payment scheduled for April 4, 2024[2] Operational Focus - The company’s portfolio now focuses on Nevada casino resorts and taverns, following the divestiture of non-core assets[3] Revenue Breakdown - Nevada Casino Resorts revenue increased slightly to $104.796 million in Q4 2023 from $104.161 million in Q4 2022, representing a growth of 0.6%[24] - Distributed Gaming revenue decreased significantly to $59.323 million in Q4 2023 from $90.316 million in Q4 2022, a decline of 34.3%[24] Corporate Expenses - Corporate and other expenses showed an increase in losses, totaling $(12.786) million in Q4 2023 compared to $(11.690) million in Q4 2022[24]