Golden Entertainment, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 31, 2023 at 04:08 pm EDT
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Golden Entertainment, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 213.27 million compared to USD 229.85 million a year ago. Revenue was USD 286.68 million compared to USD 289.37 million a year ago. Net income was USD 12.28 million compared to USD 21.22 million a year ago. Basic earnings per share from continuing operations was USD 0.43 compared to USD 0.73 a year ago. Diluted earnings per share from continuing operations was USD 0.4 compared to USD 0.67 a year ago.
For the six months, sales was USD 431.94 million compared to USD 446.39 million a year ago. Revenue was USD 564.73 million compared to USD 563.02 million a year ago. Net income was USD 23.91 million compared to USD 57.29 million a year ago. Basic earnings per share from continuing operations was USD 0.84 compared to USD 1.98 a year ago. Diluted earnings per share from continuing operations was USD 0.78 compared to USD 1.8 a year ago.
Golden Entertainment, Inc. owns and operates a diversified entertainment platform, consisting of a portfolio of gaming and hospitality assets that focuses on casino and branded tavern operations. The Company operates over 5,600 slots, over 100 table games, and over 6,000 hotel rooms. The Company owns approximately eight casinos and 69 gaming taverns in Nevada. The Companyâs segments include Nevada Casino Resorts, Nevada Locals Casinos, and Nevada Tavern. The Nevada Casino Resorts segment consists of destination casino resort properties offering a variety of food and beverage outlets, entertainment venues and other amenities. The Nevada Locals Casinos segment consists of casino properties that cater to local customers who generally live within a five-mile radius. The Nevada Taverns segment consists of branded tavern locations, where the Company controls the food and beverage operations as well as the slot machines located within the tavern.
GOLDEN ENTERTAINMENT, INC. 
