Golden Entertainment, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 04:08 pm EDT
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Golden Entertainment, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 196.59 million compared to USD 219.19 million a year ago. Revenue was USD 257.73 million compared to USD 278.99 million a year ago. Net income was USD 241.22 million compared to USD 14 million a year ago. Basic earnings per share from continuing operations was USD 8.37 compared to USD 0.49 a year ago. Diluted earnings per share from continuing operations was USD 7.83 compared to USD 0.45 a year ago.
For the nine months, sales was USD 628.53 million compared to USD 665.57 million a year ago. Revenue was USD 822.46 million compared to USD 842.01 million a year ago. Net income was USD 265.13 million compared to USD 71.29 million a year ago. Basic earnings per share from continuing operations was USD 9.25 compared to USD 2.48 a year ago. Diluted earnings per share from continuing operations was USD 8.58 compared to USD 2.25 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.