Forum: Financial Investment Forum. - This forum is for financial topics only. Please adhere to forum rules. Violators will be banned from this forum and possibly the entire site.

Thread: Gden

Page 2 of 4 FirstFirst 1234 LastLast
  1. #26  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908
    earnings may 4th

    ~Golden Entertainment Becomes Second Largest Distributed Gaming Operator in Montana Upon Closing Second Acquisition

    Golden Entertainment, Inc. 5 hours ago












    LAS VEGAS--(BUSINESS WIRE)--



    Golden Entertainment, Inc. (GDEN) (“Golden” or the “Company”) today announced it has completed its previously announced deal to acquire its second distributed gaming business in Montana. The acquisition included substantially all of the assets of Amusement Services, LLC (“Amusement Services”), including approximately 1,800 gaming devices located in nearly 180 retail locations across the state, including five Native American properties with contracts that comprise approximately 350 gaming devices.
    “We have tremendous momentum right now, and are beginning to demonstrate our scale and mobility as we now become the second largest distributed gaming operator in Montana,” said Blake L. Sartini, II, Senior Vice President of Distributed Gaming at Golden. “The acquisition of such an incredibly talented team, combined with our previous acquisition, will immediately establish Golden with a large and growing footprint in Montana, enabling us to provide our market-leading product and service.”
    Management expects the acquisition to be immediately accretive to the Company’s earnings per share. Post-acquisition, Golden now operates nearly 3,000 gaming devices in Montana across approximately 300 locations, securing its spot as the second largest distributed gaming operator in the state. Additionally, Golden remains the largest distributed gaming operator in Nevada and will operate more than 12,000 gaming devices in total, making it one of the largest distributed gaming operators in the country.
    Tim Carson, Co-Founder and President of Amusement Services, has joined Golden as the Vice President of Montana Operations, helping to ensure an effective management transition and operational continuity. The Company funded the approximately $25 million acquisition through available borrowings under its revolving credit facility. https://finance.yahoo.com/news/golde...123000568.html
    Reply With Quote  
     

  2. #27  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908
    New all time highs for the stock. Golden Entertainment, Inc. (GDEN)

    -

    12.68 0.18(1.44%) 4:00PM EDT

    Not too late, think we are heading over twenty , and they still haven't declared date for the big dividend


    Golden Entertainment Announces First Quarter 2016 Results





    – Reports Combined Adjusted EBITDA up 15% –
    – Completes Second Acquisition in Montana –
    Key Highlights and Recent Developments



    • Net revenues for the three months ended March 31, 2016 were $91.0 million, compared to $12.8 million in the prior year quarter, with the increase due primarily to the Merger. Net revenues for the current quarter increased 7.4% compared to unaudited Combined Net Revenues of the Company and Sartini Gaming of $84.8 million in the prior year quarter.
    • Adjusted EBITDA for the three months ended March 31, 2016 was $10.5 million, compared to less than $0.1 million in the prior year quarter, with the increase due primarily to the Merger. Adjusted EBITDA for the current quarter increased 14.5% compared to the unaudited Combined Adjusted EBITDA of the Company and Sartini Gaming of $9.2 million in the prior year quarter.
    • For the quarter ended March 31, 2016, net income was $2.2 million, or $0.10 per diluted share, compared to a net loss of $1.7 million, or $0.13 per diluted share, in the prior year quarter.
    • On March 25, 2016, the Company amended its credit agreement to increase the size of the revolving credit facility from $40 million to $50 million, and to provide for the borrowing of an additional $40 million in aggregate principal amount of senior secured term loans.
    • In January 2016, the Company completed the acquisition of approximately 1,000 gaming devices from a distributed gaming operator in the state of Montana, as well as certain non-gaming assets and the right to operate within certain locations, for total consideration of approximately $20.1 million.
    • In April 2016, the Company completed its acquisition of assets from a second distributed gaming operator in Montana, Amusement Services, LLC, that included approximately 1,800 gaming devices, nearly 500 amusement devices and 50 ATMs, along with certain other non-gaming assets and the right to operate within certain locations, for total consideration of approximately $25.0 million.

    “The year is off to a great start with first quarter results highlighted by Combined Adjusted EBITDA growth of 15%. We are also excited about our entry into a new market with our Montana acquisitions,” said Blake L. Sartini, Chief Executive Officer of Golden Entertainment. “Our distributed gaming business, the largest in Nevada, now the second largest in Montana, and overall one of the largest in the country, sets us apart. Together with our 2,700 team members, we are building on our market-leading positions to enhance long-term growth and are demonstrating mobility and proficiency in acquiring and enhancing operations as a means to create shareholder returns

    http://finance.yahoo.com/news/golden...200200046.html





    Reply With Quote  
     

  3. #28  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908
    Reply With Quote  
     

  4. #29  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908
    $GDEN Investor Presentation – May 2016 is now available http://link.scoutfin.com/8gyk/CggJr0mMxt
    Reply With Quote  
     

  5. #30  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908
    look for GDEN to be added to the Russell in the next few weeks . Index buying could be a huge boost for this thin stock
    Reply With Quote  
     

  6. #31  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908
    Quote Originally Posted by brucefan View Post
    $GDEN Investor Presentation – May 2016 is now available http://link.scoutfin.com/8gyk/CggJr0mMxt
    According to GOLDEN ENTERTAINMENT’s most recent => “INVESTOR PRESENTATION”

    The company now operates => 12,100 – GAMING DEVICES / SLOT MACHINES

    From a Pure Growth Standpoint …
    (GDEN) is perhaps “the most exciting growth story” in the entire Gaming Industry
    Reply With Quote  
     

  7. #32  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908

    Monday – May 30, 2016

    Home-Grown Empire
    :
    PT’s Pubs to Open its “50th” New Gambling Restaurant Location

    GOLDEN is Opening their “50th” PUB with GAMBLING OPTIONS
    By: Jesse Granger
    In 1982, twin brothers Phil and Tom Boeckle opened a quaint, modest pub on the east side of town, where
    St. Louis Avenue becomes Palm Street.
    The unassuming brick building was a place for people to enjoy a frosty beer, shoot some pool and unwind
    from the day.
    Above the clay tile overhang was a sign reading — “PT’s Pub.”
    34 years later.. The PT’s Pub name is synonymous with pub-style drinking and gambling in Las Vegas.PT’s Pubs, is now part of Golden Entertainment Inc… and has become the #1 tavern chain in Nevada

    and recently opened its 50th location recently near the new Ikea store at Sunset Road and Durango Drive.
    There are PT’s Pubs and affiliated brands from Reno to Henderson… Including Sierra Gold, PT’s Ranch, Sean Patrick’s Irish Pub

    and a PT’s Brewing Co.
    The multimillion-dollar business is almost unrecognizable from its inception in 1982.

    “Back then, there were like six of us,” said Gary Berger, who bartended at the original PT’s. Berger had worked for Phil and Tom

    at a sandwich shop before turning 21, then helped them open the pub.
    “It was your mom-and-pop kind of operation…. We were kind of flying by the seat of the pants, learning as we were going.”
    When the Boeckles hired Berger, he didn’t even fill out an application. They found out he was of age and threw him behind the bar
    that same day. He was promoted to manager after two years tending bar.
    “It was as basic as it gets,” he recalled. “I used to hand write my employees’ paychecks.”
    Berger moved up to regional manager before taking over the PT’s on Rampart and Lake Mead boulevards, where he has remained

    for the past 24 years.
    “Back then, and to this day, we have been a pretty tight-knit family, especially with my employees at my location,” Berger said.

    “They are like my family, my brothers and sisters.”
    The Boeckles expanded PT’s to 23 locations… Before selling the company to Blake Sartini -&- Golden Entertainment in 2002.
    “When we bought them, they were very recognized here in town, but we saw something that showed us great potential to be much more

    than they were,” said Golden Entertainment COO Steve Arcana, who joined the company in 2003.

    “They were nice little neighborhood bars with a strong following, but more than anything, they had a great core of employees.”
    In 2004, the first Sierra Gold opened in Reno, giving patrons a more affluent version of the pub and an expanded food menu.

    The first Sierra Gold in Las Vegas opened the next year.
    “It was a great benchmark for us,” Arcana said. “When we opened that location, it really put us on the map.

    Everyone said ‘That’s really not just your average bar.’ ”
    It was the same year Golden Entertainment built its first two pubs from the ground up.
    “It was a great moment for us,” Arcana said. “We built them basically from dirt, and that was really a great accomplishment.”
    In 2012, the first PT’s Ranch swung open its doors on Pebble Road and Eastern Avenue.

    The 7,000 square-foot, western-themed bar serves a special Southwest menu and cowboy-inspired cocktails.
    The 50th location is a PT’s Ranch with even more bells and whistles than others in the chain.

    A grand opening is scheduled for June 9 with live music, discounted appetizers and specials on drinks and gaming.
    “It is incredibly rewarding for myself and our company, to see the grand opening of our 50th tavern,” Arcana said.

    “Because of the immense popularity of our brands in the southern Nevada community, in addition to our commitment in

    delivering exceptional service and a quality product, PT’s has morphed into a household name.”
    While continuing to broaden the PT’s footprint, the company also is planning a key expansion of its menus…

    (GOLDEN) will soon begin offering PT’s home-brewed beers at every location (50+ of them) across the Las Vegas valley.
    PT’s Brewing Company.. Opened this year on Tenaya Way, and company officials said it had been a Hit.

    The location brews nine signature house beers, most of which are named for local streets like:

    Sahara Pale Ale and Durango Double Pale Ale among them.
    PT’s plans to add two more locations by the end of the year… Arcana says the (GOLDEN) company wants to “build or acquire”

    a half-dozen.. (6) locations every year… going forward.
    “Phil and Tom’s goal was to get bigger and keep growing the business, and when they decided to sell and Blake took over, and he definitely

    has the same motivation to continue to grow the business,” Berger said.
    After 3 decades with PT’s and watching it grow into a giant, Berger says he still loves working for the company as much as he did when he

    started pouring drinks on Palm Street.
    “We are a very well-rounded business, and I have a lot of confidence in the company,” Berger said.

    “It’s been a great ride, and I’ve enjoyed the entire thing.”
    REFERENCE LINK:
    http://goo.gl/dWnoQP
    Reply With Quote  
     

  8. #33  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908


    GDEN (Posted on 24th Apr 2016 Watchlist)
    Closed right above the 10wMA. Will buy if bounce off here.
    http://thetraderdiaries.blogspot.sg/...n-2016-24.html

    good buy zone,

    we should be days away from the details on the dividend and this one I believe will be added to the Russel, and see index buying
    Reply With Quote  
     

  9. #34  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908
    I should have said 1 day away, not days

    Golden Entertainment Declares Special Cash Dividend Estimated to be $1.71 Per Eligible Share

    Golden Entertainment, Inc. 1 hour ago






    LAS VEGAS--(BUSINESS WIRE)--



    Golden Entertainment, Inc. (GDEN) (“Golden” or the “Company”) announced today that its Board of Directors declared a special cash dividend of an aggregate of approximately $23.5 million, payable on July 14, 2016 to eligible shareholders of record as of the close of business on June 30, 2016 (“Record Date”). The Company estimates that the special cash dividend payable to eligible shareholders will be $1.71 per common share, based on 13,750,489 eligible shares currently outstanding. The Company will calculate and announce the final per share amount of the special dividend promptly following the Record Date by dividing the aggregate amount of the special dividend, by the number of outstanding shares of common stock held by eligible shareholders on the close of business on the Record Date, and rounding the amount down to the nearest whole cent per share.
    Background to Special Dividend
    The decision to declare a special dividend was a result of the previously disclosed sale by the Company of its $60.0 million subordinated promissory note from the Jamul Indian Village (the “Jamul Note”) for $24.0 million in cash.
    Under the terms of the Company’s January 2015 merger agreement with Sartini Gaming, Inc. (“Sartini Gaming”), the Company agreed that the proceeds received from the sale of the Jamul Note, net of related costs, would be distributed in a cash dividend to its shareholders holding shares as of the record date for such dividend, other than shareholders that have waived their right to receive such dividend. Sartini Gaming’s former sole shareholder, for itself and any related party transferees of its shares, waived their right to receive such dividend with respect to their shares (which total 7,996,393 shares in the aggregate), subject to receipt of a private letter ruling from the IRS (which was recently issued by the IRS), unless their shares are sold to an unaffiliated third party prior to the Record Date. Also in connection with the Sartini Gaming merger, holders of an additional 457,172 shares waived their right to receive such dividend, unless their shares are sold to an unaffiliated third party prior to the Record Date.
    All of the shareholders who waived their rights to the special dividend have informed the Company that they do not intend to sell their shares prior to the Record Date. The Company’s estimated special dividend amount of $1.71 per share assumes that none of the shares subject to the waiver are sold and settled prior to the Record Date and that none of the 452,743 vested, in-the-money options to purchase Company common stock are exercised prior to the Record Date.
    Related Quotes



    • GDEN12.27-1.60%

    Golden Entertainment, Inc. Watchlist

    12.27-0.20(1.60%)
    NASDAQFri, Jun 17, 2016 4:00 PM EDT





    More








    As is customary, anti-dilutive adjustments to the exercise prices of outstanding options were approved by the Board of Directors and the Compensation Committee, effective as of the special dividend payment date, in accordance with the Company’s equity incentive plans approved by the Company’s shareholders. http://finance.yahoo.com/news/golden...100000631.html
    Reply With Quote  
     

  10. #35  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908
    Reply With Quote  
     

  11. #36  
    RX Senior
    Join Date
    Sep 2004
    Posts
    3,899
    so if you buy this stock by June 30 you will receive $1.71 per share?
    Reply With Quote  
     

  12. #37  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908
    Quote Originally Posted by mickj View Post
    so if you buy this stock by June 30 you will receive $1.71 per share?
    yes
    Reply With Quote  
     

  13. #38  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908
    1.2 million shares traded today . Obviously this was index buying taking lots of supply off the market that wont be for sale

    Gden very active looking for accretive acquisitions

    Very bullish this name
    Reply With Quote  
     

  14. #39  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908
    Dividend will be in accts July 14th . Expecting a push higher right up and through earnings
    Reply With Quote  
     

  15. #40  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908
    Payday today . With the div , stock closed over 14 in total value

    Big institutional buyer underneath the market I'm told

    Hopefully , they pay up
    Reply With Quote  
     

  16. #41  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908
    They paid up lol ( Trading now around $15 value with the cash div)


    Earnings 7/28

    havent sold a share
    Reply With Quote  
     

  17. #42  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908
    LAS VEGAS--(BUSINESS WIRE)--
    Golden Entertainment, Inc. (GDEN) (“Golden Entertainment” or the “Company”) today announced financial results for the quarter ended June 30, 2016. On July 31, 2015, Sartini Gaming, Inc. (“Sartini Gaming”) merged with a subsidiary of Lakes Entertainment (the “Merger”) and the Company was renamed Golden Entertainment. The Company’s financial results prior to July 31, 2015 do not include the operations of Sartini Gaming.
    Key Highlights and Recent Developments

    • Net revenues for the quarter were $102.6 million, compared to $15.3 million in the prior year quarter, with the increase due primarily to the Merger and results from the Company’s newly acquired distributed gaming operations in the state of Montana. Net revenues for the current quarter increased 16.5% compared to the Combined Net Revenues of the Company and Sartini Gaming of $88.0 million in the prior year quarter.
    • Net income for the quarter was $2.8 million, or $0.12 per diluted share, compared to a net loss of $0.2 million, or $0.01 per diluted share, in the prior year quarter.
    • Adjusted EBITDA for the quarter was $13.3 million, compared to $1.7 million in the prior year quarter, with the increase due primarily to the Merger, Montana distributed gaming and the opening of new taverns in Las Vegas. Adjusted EBITDA for the current quarter increased 12.2% compared to the Combined Adjusted EBITDA of the Company and Sartini Gaming of $11.9 million in the prior year quarter.
    • Net revenues for the quarter from the Distributed Gaming segment were $77.8 million, compared to $63.1 million of Combined Net Revenues for this segment in the same quarter a year ago, an increase of 23.2%.
    • The Company completed two separate acquisitions of assets of distributed gaming operators in Montana in January and April 2016 for approximately $45.8 million in the aggregate, which added approximately 2,900 gaming devices, nearly 1,100 amusement devices and over 100 ATMs, along with certain other non-gaming assets and the right to operate within certain locations to the Company’s Distributed Gaming segment.
    • On July 14, 2016, the Company paid a special cash dividend of an aggregate of $23.5 million to eligible shareholders of record.

    “By all measures we made significant progress during the second quarter. Our net revenues and Adjusted EBITDA were up 16.5% and 12.2%, respectively, driven by a combination of organic and external growth,” said Blake L. Sartini, Chief Executive Officer of Golden Entertainment. “We saw same-store tavern revenues up 9.3%, we increased our Casino segment Adjusted EBITDA margins significantly by nearly 560 basis points, our acquisitions in Montana began to contribute meaningfully to results, and we paid a $1.71 per share special dividend to eligible shareholders.”
    Added Sartini, “During the quarter our distributed gaming net revenues increased 23.2% compared to the combined net revenues from the prior year quarter, and we continue to see real potential for growth. We now operate 51 tavern locations in Las Vegas, and we have added to the mix our position as a leading distributed gaming provider in the state of Montana. We also completed the first phase of upgrades and renovations to our Rocky Gap property and are beginning to see benefits. We are proud of our progress and view these achievements as collectively advancing our strategy to expand our core markets by scaling our leadership position in distributed gaming and taking advantage of organic growth opportunities in our casino portfolio.”
    Unaudited Consolidated and Combined Results
    Given the Merger, the following illustrates for each segment net revenues, net income (loss) and Adjusted EBITDA for the three months and six months ended June 30, 2016, and Combined Net Revenues, Combined Net Income (Loss) and Combined Adjusted EBITDA for the Company and Sartini Gaming for the three months and six months ended June 28, 2015. These combined financial results have been prepared for illustrative purposes only and do not purport to be indicative of the results that actually would have resulted had the Merger occurred on the first day of such period, or of the future results of the Company. The combined results do not reflect any operating efficiencies and associated cost savings that may be achieved as a result of the Merger.
    Consolidated Results (2016) and Combined Results (2015)(1)(2)
    (In thousands)
    Three Months Ended Six Months Ended
    June 30,
    2016
    June 28,
    2015(3)
    % Change June 30,
    2016
    June 28,
    2015(3)
    % Change
    Net Revenues
    Distributed Gaming $ 77,765 $ 63,117 23.2 % $ 146,349 $ 124,808 17.3 %
    Casinos 24,709 24,662 0.2 % 47,122 47,697 -1.2 %
    Corporate and other 84 232 -63.8 % 121 276 -56.2 %
    $ 102,558 $ 88,011 16.5 % $ 193,592 $ 172,781 12.0 %
    Net Income (Loss)
    Distributed Gaming $ 6,295 $ 7,739 -18.7 % $ 12,223 $ 14,426 -15.3 %
    Casinos 4,926 2,866 71.9 % 7,920 4,570 73.3 %
    Corporate and other (8,421 ) (13,161 ) -36.0 % (15,104 ) (23,500 ) -35.7 %
    $ 2,800 $ (2,556 ) -209.5 % $ 5,039 $ (4,504 ) -211.9 %
    Adjusted EBITDA
    Distributed Gaming $ 11,361 $ 10,114 12.3 % $ 21,582 $ 19,349 11.5 %
    Casinos 6,843 5,448 25.6 % 11,607 9,520 21.9 %
    Corporate and other (4,903 ) (3,703 ) 32.4 % (9,340 ) (7,801 ) 19.7 %
    $ 13,301 $ 11,859 12.2 % $ 23,849 $ 21,068 13.2 %

    (1) Combined Net Revenues, Combined Net Income (Loss) and Combined Adjusted EBITDA reflect the operations of Sartini Gaming for periods prior to the Merger combined with the operations of the Company, without adjustment and do not conform to the Securities and Exchange Commission rules for pro forma financial information; however, we have included the combined results because we believe they provide a meaningful comparison for the periods presented.
    (2) The Company’s Distributed Gaming segment involves the installation, maintenance and operation of gaming devices in certain strategic, high-traffic, non-casino locations (such as grocery stores, convenience stores, restaurants, bars, taverns, saloons and liquor stores) in Nevada and Montana, and the operation of traditional, branded taverns targeting local patrons, primarily in the greater Las Vegas, Nevada metropolitan area. The Company’s Casinos segment consists of the Rocky Gap Casino Resort in Flintstone, Maryland and three casinos in Pahrump, Nevada.
    (3) The combined financial information for the three and six months ended June 28, 2015 was derived from the Company’s unaudited consolidated statement of operations for such periods and Sartini Gaming’s unaudited consolidated statement of operations for the three and six months ended June 30, 2015.

    Results for the Three Months Ended June 30, 2016
    Net revenues for the quarter were $102.6 million, compared to $15.3 million in the prior year quarter, with the increase due primarily to the Merger and results from the Company’s recently acquired distributed gaming operations in the state of Montana. Net revenues for the current quarter increased 16.5% compared to the Combined Net Revenues of $88.0 million in the prior year quarter.
    For the quarter, net income was $2.8 million, or $0.12 per diluted share, compared to a net loss of $0.2 million, or $0.01 per diluted share, in the prior year quarter. During the quarter, the Company incurred $0.4 million in Merger-related expenses and $0.5 million in preopening expenses. The results for the prior year quarter included approximately $0.4 million in Merger-related expenses and no preopening expenses.
    Adjusted EBITDA for the quarter was $13.3 million, compared to $1.7 million in the prior year quarter, with the increase due primarily to the Merger, the addition of Montana distributed gaming and the opening of new taverns in Las Vegas. Adjusted EBITDA for the current quarter increased 12.2% compared to the Combined Adjusted EBITDA of $11.9 million in the prior year quarter.
    Results for the Six Months Ended June 30, 2016
    The Company’s net revenues for the six months ended June 30, 2016 were $193.6 million, compared to $28.1 million for the prior year period. Net revenues increased 12.0% compared to the Combined Net Revenues of the Company and Sartini Gaming of $172.8 million in the prior year period.
    For the six months ended June 30, 2016, net income was $5.0 million, or $0.23 per diluted share, compared to a net loss of $1.9 million, or $0.14 per diluted share, in the prior year period. The 2016 year-to-date results included the results of operations of Sartini Gaming for the entire period. During the first six months of 2016, the Company incurred $0.5 million in Merger-related expenses and $1.1 million in preopening expenses. The results for the prior year period included approximately $1.3 million in Merger-related expenses and no preopening expenses.

    Adjusted EBITDA for the six months ended June 30, 2016 was $23.8 million, compared to $1.8 million in the prior year quarter, with the increase due primarily to the Merger, the addition of Montana distributed gaming and the opening of new taverns in Las Vegas. Adjusted EBITDA increased 13.2% compared to the Combined Adjusted EBITDA of $21.1 million in the prior year period.
    Balance Sheet and Liquidity
    As of June 30, 2016, the Company had cash and cash equivalents of $61.7 million, which included approximately $23.5 million in net proceeds related to the sale of the subordinated promissory note from the Jamul Indian Village (“Jamul Note”). On June 17, 2016, the Board of Directors declared a special cash dividend of an aggregate of $23.5 million (the “Special Dividend”), that was paid on July 14, 2016 to eligible shareholders of record as of the close of business on June 30, 2016 (the “Record Date”). The $1.71 per eligible share amount of the Special Dividend was calculated by dividing the aggregate amount of the Special Dividend by 13,759,374 outstanding shares of common stock held by eligible shareholders on the close of business on the Record Date (rounded down to the nearest whole cent per share).
    As of June 30, 2016, total debt outstanding of $185.8 million included $155.0 million in senior secured term loans and $25.0 million in borrowings under the Company’s $50.0 million senior secured revolving credit facility. The Company’s senior secured term loans and revolving credit facility mature in July 2020. As of June 30, 2016, the weighted average effective interest rate on outstanding borrowings under these credit facilities was approximately 3.0%. Borrowings under the senior secured revolving credit facility were used to fund the $25.0 million purchase price for the Company’s Montana distributed gaming acquisition in April 2016.
    Investor Conference Call and Webcast
    The Company will host a webcast and conference call at 5:00 p.m. Eastern Time on August 3, 2016, to discuss the second quarter 2016 results. The number to call is 1-888-503-8169 (domestic) or 1-719-325-2244 (international). The passcode is 8655464. A live webcast will be available in the Investors section of the Company’s website (www.goldenent.com). A replay of the conference call will be available through August 10, 2016, by dialing 1-877-870-5176 (domestic) or 1-858-384-5517 (international) and entering the passcode 8655464.
    Reply With Quote  
     

  18. #43  
    RX Wizard Jstack34's Avatar
    Join Date
    Oct 2008
    Location
    D.C.
    Posts
    7,339
    If someone wanted to invest, what price would you look to get in at?
    Reply With Quote  
     

  19. #44  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908
    Right here, we just had a nice orderly pullback to a good support level

    target still mid 20's

    Reply With Quote  
     

  20. #45  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908
    Golden Entertainment's (GDEN) CEO Blake Sartini on Q2 2016 Results - Earnings Call Transcript $GDEN
    http://www.seekingalpha.com/article/3995440
    Reply With Quote  
     

  21. #46  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908
    same analyst that recommended ERI, started GDEN at neutral

    I would anticipate a fast upgrade
    Reply With Quote  
     

  22. #47  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908
    pressure easing up and the stock now looks anxious to head back to the highs

    Reply With Quote  
     

  23. #48  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908
    Adding GDEN here, good support , and earnings NOV 3rd
    Reply With Quote  
     

  24. #49  
    RX Senior Steiner69eR's Avatar
    Join Date
    Oct 2006
    Location
    Parts Unknown
    Posts
    1,757
    Thinking of picking some up today before earnings post-close.
    Reply With Quote  
     

  25. #50  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908
    They have let this stock drift down on no volume , down to a strong support area

    A decent, not even great report could ignite this one from here

    Reply With Quote  
     

Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •