Trade Golden Entertainment Inc - GDEN CFD

Golden Entertainment Company profile

About Golden Entertainment Inc

Golden Entertainment, Inc. is a company, which owns and operates a diversified entertainment platform. The Company’s platform consists a portfolio of gaming assets that focus on resort casino operations and distributed gaming, including gaming in its branded taverns. The Company operates through two segments: Casinos and Distributed Gaming. Its Casinos segment involves the operation of ten resort casino properties in Nevada and Maryland. The Company’s Distributed Gaming segment involves the installation, maintenance and operation of slots and amusement devices in non-casino locations, such as restaurants, bars, taverns, convenience stores, liquor stores and grocery stores in Nevada and Montana, and the operation of branded taverns targeting local patrons located primarily in the greater Las Vegas, Nevada metropolitan area.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Golden Entertainment Inc revenues increased 58% to $1.1B. Net income totaled $161.8M vs. loss of $136.6M. Revenues reflect Casinos segment increase of 51% to $627.7M, Distributed Gaming segment increase of 68% to $467.6M. Net Income reflects Interest expense - Balancing value decrease of 9% to $62.6M (expense), Dep of Fin Lease Right-of-Use Assets decrease of 29% to $1.7M (expense).

Equity composition

Common Stock $.01 Par, 04/11, 200M auth., 26,405,679 issd. Insiders control approx. 25.88% . 6/98, spin-off from Grand Casinos, Inc. on the basis of 1 share of Lakes for every 4 shares of Grand Casinos, Inc. 5/04, 2-for-1 stock split. 03/06, Exchange changed from OTC Pink Sheets to NASDAQ. 09/14, 1-for-2 Reverse Stock split.