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, 2021 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, I ...

Golden Entertainment, Inc. (NASDAQ:GDEN) Q3 2021 Earnings Conference Call November 3, 2021 5:00 PM ET Company Participants Joe Jaffoni - IR Charles Protell - President and CFO Blake Sartini - Founder, Chairman and CEO Conference Call Participants Carlo Santarelli - Deutsche Bank David Bain - B. Riley Cassandra Lee - Jefferies Omer Sander - JPMorgan Aaron Rubin - Macquarie Operator Good afternoon, ladies and gentlemen, thank you for standing by. Welcome to the Golden Entertainment Third Quarter 2021 Earnings ...

Financial Data and Key Metrics Changes - The company reported record revenue of $292 million and record EBITDA of $91 million for Q2 2021, with EBITDA over 50% higher than the previous record in Q1 and over 80% higher than Q1 of 2019 [7] - EBITDA was up 64% compared to Q2 of 2019, with an EBITDA margin improvement of almost 1,600 basis points to 46% [13] Business Line Data and Key Metrics Changes - The STRAT generated its highest ever quarterly EBITDA, over double that of Q1 and up 45% compared to Q2 of 2019, with occupancy levels at 70% [8][9] - Local casinos in Las Vegas saw a 124% increase in EBITDA compared to Q2 of 2019, with an EBITDA margin improvement of over 2,300 basis points to 55% [10] - Laughlin's EBITDA improved by 47% compared to Q2 of 2019, with margins over 50% [11] - Pahrump casinos experienced over 100% EBITDA improvement compared to Q2 of 2019, maintaining an EBITDA margin over 50% [12] - Distributed gaming operations in Nevada saw an EBITDA increase of over 86% from Q2 of 2019, with margins up 650 basis points [14] Market Data and Key Metrics Changes - The company noted significant growth in out-of-state enrollments for its players club, indicating long-term population growth in Las Vegas as a driver for the locals market [10] - Weekend occupancy and rates are comparable to 2019 levels, while midweek business is improving [9] Company Strategy and Development Direction - The company is focused on improving performance at the STRAT and anticipates further growth with the return of citywide conventions and international visitors [9][30] - Management is evaluating options to return capital to shareholders, with a focus on maintaining a strong balance sheet [18][41] - The company is prioritizing internal growth opportunities over M&A, emphasizing the potential of its existing properties [45][60] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future performance of the STRAT, citing increased customer spending and occupancy improvements as key drivers [28][30] - The company expects to exceed $5 in free cash flow per share for the year, with a focus on deleveraging and potential capital returns to shareholders [40][71] Other Important Information - The company repaid over $50 million of debt in Q2 and ended the quarter with $153 million in cash [16] - The company received a $60 million cash payment from Caesars Entertainment, further improving liquidity [17] Q&A Session Summary Question: Migration visitation to Las Vegas and cross-promotion opportunities - Management noted that most new sign-ups are from California, indicating a potential for cross-promotion with Laughlin and the STRAT [22][23] Question: Earnings power for the STRAT - Management is bullish on the STRAT's future earnings potential, with expectations of reaching $80 million to $100 million in EBITDA over time [27][30] Question: Margin growth drivers - Management indicated that margin growth is driven by increased customer spending and cost eliminations, with expectations that much of the margin expansion will be sustainable [35][36] Question: Capital return and leverage parameters - Management expects leverage to be below 3.5 times by year-end, which would facilitate capital returns to shareholders [41] Question: Growth opportunities in bricks-and-mortar and distributed gaming - Management is focused on internal growth opportunities and is actively involved in jurisdictions considering distributed gaming legislation [45][48] Question: Weekday occupancy recovery expectations - Management anticipates that weekday occupancy will return to historical levels by the second half of 2022, supported by upcoming events [52] Question: Impact of new resorts on STRAT - Management noted that construction in the area has impacted foot traffic, but expects improvements once construction is completed [58] Question: M&A priorities - Management indicated that M&A is a low priority compared to deleveraging and returning capital to shareholders [60]

GOLDEN ENTERTAINMENT I N V E S T O R P R E S E N TAT I O N A U G U S T 2 0 2 1 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," " ...

OR ☐ 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 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, 2021 Commission File Number: 000-24993 ________________________________________ GOLDEN ENTERTAINMENT, INC. ( ...

Golden Entertainment, Inc. (NASDAQ:GDEN) Q1 2021 Earnings Conference Call May 6, 2021 4:30 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 David Bain – B. Riley Carlo Santarelli – Deutsche Bank Chad Beynon – Macquarie David Katz – Jefferies Operator Good afternoon, ladies and gentlemen. Thank you for standing by. Welcome to the Golden Entertainment Fi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________________ FORM 10-Q ________________________________________ 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 ...

Golden Entertainment, Inc. (NASDAQ:GDEN) Q4 2020 Results Conference Call March 11, 2021 4:30 PM ET Company Participants Joe Jaffoni - Investor Relations Blake Sartini - Chairman and Chief Executive Officer Charles Protell - President and Chief Financial Officer Conference Call Participants Carlo Santarelli - Deutsche Bank David Bain - B. Riley David Katz - Jefferies Chad Beynon - Macquarie John DeCree - Union Gaming Operator Good afternoon, ladies and gentlemen. Thank you for standing by. Welcome to the Gol ...

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, 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 No. 000-24993 _____________________ ...

Golden Entertainment, Inc. (NASDAQ:GDEN) Q3 2020 Results Conference Call November 5, 2020 12:00 PM ET Company Participants Joe Jaffoni - Investor Relations Blake Sartini - Chairman, Founder and CEO Charles Protell - President and CFO Conference Call Participants Carlo Santarelli - Deutsche Bank David Bain - ROTH Capital Chad Beynon - Macquarie John DeCree - Union Gaming Dan Politzer - JP Morgan David Katz - Jefferies Operator Good afternoon, ladies and gentlemen. Thank you for standing by. Welcome to the Go ...