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 3 of 3 FirstFirst 123
  1. #51  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,748
    Golden Entertainment Announces Third Quarter 2016 Results

    – Reports Net Revenues of $104.2 million, up 20.9% over Combined Net Revenues in the prior year quarter –
    – Reports Net Income of $1.3 million; EPS of $0.06 per Diluted Share –
    – Reports Adjusted EBITDA of $12.6 million, up 26.5% versus Combined Adjusted EBITDA in the prior year quarter –


    Golden Entertainment, Inc. 22 minutes ago













    Content preferences
    Done



    LAS VEGAS--(BUSINESS WIRE)--
    Golden Entertainment, Inc. (GDEN) (“Golden Entertainment” or the “Company”) today announced financial results for the quarter ended September 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 $104.2 million, compared to $62.5 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 20.9% compared to the Combined Net Revenues of the Company and Sartini Gaming of $86.2 million in the prior year quarter.
    • Net income for the quarter was $1.3 million, or $0.06 per diluted share, compared to $3.0 million, or $0.16 per diluted share, in the prior year quarter. The current quarter included higher than usual share-based compensation expense related to equitable adjustments made to the exercise prices of outstanding options in connection with the special dividend paid in July 2016. The prior year quarter included an income tax benefit of $12.9 million.
    • Adjusted EBITDA for the quarter was $12.6 million, compared to $7.1 million in the prior year quarter, with the increase due primarily to the Merger, the acquisitions of Montana distributed gaming businesses and the opening of new taverns in the Las Vegas Valley. Adjusted EBITDA for the current quarter increased 26.5% compared to the Combined Adjusted EBITDA of the Company and Sartini Gaming of $9.9 million in the prior year quarter.
    • Net revenues for the quarter from the Distributed Gaming segment were $78.3 million, compared to $61.2 million of Combined Net Revenues for this segment in the prior year quarter, an increase of 27.9%.
    • The three months ended September 30, 2016 marked the first full quarter of operations following the acquisitions of distributed gaming assets in Montana in January and April 2016. The Company’s Montana operations contributed $15.1 million of net revenues to the Distributed Gaming segment during the quarter.

    “The third quarter represents another period of strong economic results for Golden Entertainment,” said Blake L. Sartini, Chief Executive Officer of Golden Entertainment. “We continue to see significant same store strength in each jurisdiction in which we operate, and believe there are additional organic as well as external growth opportunities as we look forward.”
    During the third quarter, the Company opened its fourth branded tavern this year and its 50th property in the Las Vegas Valley. The Company plans to open a fifth branded tavern in Las Vegas before the end of the year.
    “We see significant benefits and opportunities that are derived from having a uniquely diversified gaming company operating across differing segments and in multiple jurisdictions,” Sartini said.
    Unaudited Consolidated and Combined Results
    The following illustrates for each segment net revenues, net income (loss) and Adjusted EBITDA for the Company for the three and nine months ended September 30, 2016, and, given the Merger in July 2015, Combined Net Revenues, Combined Net Income (Loss) and Combined Adjusted EBITDA for the Company and Sartini Gaming for the three and nine months ended September 30, 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)
    (Unaudited, in thousands)
    Three Months Ended Nine Months Ended
    September 30,
    2016
    September 30,
    2015(3)
    % Change September 30,
    2016
    September 30,
    2015(3)
    % Change
    Net Revenues
    Distributed Gaming $ 78,253 $ 61,201 27.9 % $ 224,602 $ 186,008 20.7 %
    Casinos 25,909 24,973 3.7 % 73,031 72,670 0.5 %
    Corporate and other 64 48 33.3 % 185 324 -42.9 %
    $ 104,226 $ 86,222 20.9 % $ 297,818 $ 259,002 15.0 %
    Net Income (Loss)
    Distributed Gaming $ 4,857 $ 4,354 11.6 % $ 17,080 $ 18,780 -9.1 %
    Casinos 4,474 1,713 161.2 % 12,394 6,283 97.3 %
    Corporate and other (8,029 ) (5,811 ) 38.2 % (23,133 ) (29,311 ) -21.1 %
    $ 1,302 $ 256 408.6 % $ 6,341 $ (4,248 ) -249.3 %
    Adjusted EBITDA
    Distributed Gaming $ 10,483 $ 8,390 24.9 % $ 32,065 $ 27,739 15.6 %
    Casinos 6,511 5,737 13.5 % 18,118 15,257 18.8 %
    Corporate and other (4,439 ) (4,201 ) 5.7 % (13,779 ) (12,003 ) 14.8 %
    $ 12,555 $ 9,926 26.5 % $ 36,404 $ 30,993 17.5 %
    (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 and amusement 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 nine months ended September 30, 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 one month and seven months ended July 31, 2015.
    Results for the Three Months Ended September 30, 2016
    Net revenues for the quarter were $104.2 million, compared to $62.5 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. The 2016 results included the results of operations of Sartini Gaming for the entire quarter, while the prior year quarter included the results of operations of Sartini Gaming for 61 days. Net revenues for the current quarter increased 20.9% compared to the Combined Net Revenues of the Company and Sartini Gaming of $86.2 million in the prior year quarter.
    For the quarter, net income was $1.3 million, or $0.06 per diluted share, compared to $3.0 million, or $0.16 per diluted share, in the prior year quarter. The current quarter included higher than usual share-based compensation expense related to equitable adjustments made to the exercise prices of outstanding options in connection with the special dividend paid in July 2016. The prior year quarter included an income tax benefit of $12.9 million related to the release of existing valuation allowance resulting from a net deferred tax liability generated from intangible assets acquired in the Merger. During the third quarter of 2016, the Company incurred $0.1 million in Merger-related expenses and $0.8 million in preopening expenses. The results for the prior year quarter included $9.3 million in Merger-related expenses and $0.1 million in preopening expenses. Net income for the current quarter increased 408.6% compared to the Combined Net Income of $0.3 million in the prior year quarter.
    Adjusted EBITDA for the quarter was $12.6 million, compared to $7.1 million in the prior year quarter, with the increase due primarily to the Merger, the results from the Company’s recently acquired Montana distributed gaming businesses and the opening of new taverns in the Las Vegas Valley. Adjusted EBITDA for the current quarter increased 26.5% compared to the Combined Adjusted EBITDA of $9.9 million in the prior year quarter.
    Results for the Nine Months Ended September 30, 2016
    The Company’s net revenues for the nine months ended September 30, 2016 were $297.8 million, compared to $90.6 million for the prior year period. The 2016 results included the results of operations of Sartini Gaming for the entire period, while the prior year period included the results of operations of Sartini Gaming for 61 days. Net revenues increased 15.0% compared to the Combined Net Revenues of the Company and Sartini Gaming of $259.0 million in the prior year period.
    For the nine months ended September 30, 2016, net income was $6.3 million, or $0.28 per diluted share, compared to $1.1 million, or $0.07 per diluted share, in the prior year period. The current period included higher than usual share-based compensation expense related to equitable adjustments made to the exercise prices of outstanding options in connection with the special dividend paid in July 2016. The prior year period included an income tax benefit of $12.7 million related to the release of existing valuation allowance resulting from a net deferred tax liability generated from intangible assets acquired in the Merger. During the first nine months of 2016, the Company incurred $0.6 million in Merger-related expenses and $1.9 million in preopening expenses. The results for the prior year period included $10.6 million in Merger-related expenses and $0.1 million in preopening expenses. Combined Net Loss for the Company and Sartini Gaming for the prior year period was $4.2 million.
    Adjusted EBITDA for the nine months ended September 30, 2016 was $36.4 million, compared to $8.9 million in the prior year period, with the increase due primarily to the Merger, the results from the Company’s recently acquired Montana distributed gaming businesses and the opening of new taverns in the Las Vegas Valley. Adjusted EBITDA increased 17.5% compared to the Combined Adjusted EBITDA of $31.0 million in the prior year period.
    Balance Sheet and Liquidity
    As of September 30, 2016, the Company had cash and cash equivalents of $40.0 million. On June 17, 2016, the Company’s 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 September 30, 2016, total debt outstanding of $184.1 million included $153.0 million in aggregate principal amount of senior secured term loans and $25.0 million in aggregate principal amount of 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 September 30, 2016, the weighted average effective interest rate on outstanding borrowings under these credit facilities was approximately 3.0%.
    Investor Conference Call and Webcast
    The Company will host a webcast and conference call at 5:00 p.m. Eastern Time on November 3, 2016, to discuss the third quarter 2016 results. The number to call is 1-844-465-3054 (domestic) or 1-480-685-5227 (international). The passcode is 74066830. 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 November 6, 2016, by dialing 1-855-859-2056 (domestic) or 1-404-537-3406 (international) and entering the passcode 74066830.
    Reply With Quote  
     

  2. #52  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,748
    got some shares @ 8.75 , unreal

    stop losses on a thin stock, not a good idea

    Golden Entertainment Taverns Roll Out Video Table Games

    by John Mehaffey
    October 27, 2016



    Most taverns in Las Vegas offer the same games. Most bar-top devices are Game Kings with pay tables that return less to players than locals casinos. Many players still choose taverns over full service casinos. The quick drink service, top-shelf liquor, promotions and ease of earning food comps are among the reasons for this.
    Tavern gamers no longer have to choose between good service and promotions and player-friendly returns. They can have both.
    Golden Entertainment installed StarBar machines at eight of its Las Vegas locations. The games offer video poker, keno, slots and table games. Craps, blackjack, roulette and baccarat are all available on StarBar machines.
    StarBar Craps Best Tavern Game in Las Vegas

    The craps game offers the lowest house edge of any game located in a Las Vegas tavern. It offers 3-4-5 times odds. This means a player may place three times the Pass Line bet in odds on a 4 or 10, four times on a 5 and 9 and five times on a 6 or 8.
    The house edge for the Pass Line and Come bets is 0.37% when taking full odds. The Don’t Pass and Don’t Come bets have a 0.27% house edge when taking full odds.
    It gets even better if you consider the house edge on each roll. A Pass Line and Come player will experience a 0.11% house edge per roll. The Don’t side goes down to 0.09%. Combine this with the excellent drink service at Golden Entertainment taverns and you will have a fun night without giving up much in the way of theoretical losses.
    The Field pays triple on 12. This is unusual for video craps. That is half the house edge of a typical video craps game’s Field bet.
    The Hardway bets display how long it has been since a roll was called. Players are not permitted to bet both the Pass Line and Don’t sides at the same time. Buy bets come down after winning. Place and prop bets do not. The minimum bet is $.50.
    Blackjack Pays 3 to 2

    Most tavern blackjack games only pay even money on blackjack. That is not the case with the StarBar machines. Players receive 3-2 on a winning blackjack. Players may double down on any two cards and after splitting. The dealer hits soft 17. The house edge for this game is 0.63% with perfect play. There are two versions of this game. One is single hand while the other allows the players to receive up to three hands. The minimum bet is $1.
    Baccarat

    Baccarat is dealt with the typical 5% commission on the Banker. The Player bet pays even money. The tie pays 9-1. The minimum bet is $1.
    Roulette

    Roulette is double zero with normal payouts. The minimum bet is $.50.
    Video Poker

    There is nothing special about the video poker on the StarBar machines. The pay tables are identical to the Game Kings located in Golden Entertainment taverns. This includes 6/5 Bonus Poker, 9/6/4 Double Bonus, 8/5 Double Bonus, 16/13 Deuces Wild and 7/5 Jacks or Better. There is a slight difference in a couple of these games. The 8/5 Double Double Bonus is better than the 7/5 Game Kings. The StarBar machines are not included in the Game King progressive so it has a 1% higher return with the larger full house payout.
    The denominations are $.25, $.50, $1, $2 and $5. Players must bet five coins for the full pay royal flush. The minimum bet is one coin.
    Keno

    There are two keno games. Each has the option of up to 10 cards per deal. One game is of the super ball multiplier variety. The other is traditional keno. Denominations are $.25, $.50 and $1. Players must wager at least one credit.
    StarBar Features Players May Find Annoying

    The StarBar has a few features players may find annoying. These should be known before getting into action. There is a feature that allows hands to be played in the table games without betting any money. This is done by pressing the “Deal” button. This seems appropriate for baccarat but can cause problems in other games. A player that fails to click the “Rebet” button before deal will end up in a hand without a wager.
    There are a few issues related to the craps game. A player that bets the Don’t Pass or Don’t Come will need to replace the bet when a 12 pushes. Don’t Come bets will need to be called on after a point is made, something that is automatic in a live game. If the next come out roll is a 2, 3, 11 or 12, the Don’t Come bets will need to be called on again.
    The Rebet button includes the previous odds for the Pass Line and Don’t Pass bets. For example, a player that bets $1 and $5 in odds on an 8 from the Pass Line will find that the re-bet is $6, not $1.
    These problems are easily resolved as long as players are aware of them and act accordingly.
    StarBar Machine Verdict

    The StarBar machines are fun. It is a nice change of pace from the traditional tavern gaming options. The house edge on craps is the lowest a player will find in a bar. The blackjack game also offers a reasonable edge. Baccarat is available with traditional rules and an edge slightly higher than one percent.
    StarBar machines are perfect for tavern players looking for low limits and house edges. The great drink and food service at Golden Entertainment taverns is a great compliment to the quality games.
    The only problem we found is accidentally hitting the deal button without making a bet. Just make sure to pay attention while gambling.
    Where to Play StarBar Machines


    • Pt’s Gold – 5630 S Hualapai Way
    • PT’s Gold – 10075 S Eastern Avenue
    • PT’s Gold – 6570 South Buffalo Drive
    • PT’s Gold – 1661 East Sunset Road
    • PT’s Pub – 4424 Spring Mountain Road
    • PT’s Pub – 9050 West Post Road
    • Sierra Gold – 2400 North Buffalo Drive
    • Sierra Gold – 6515 South Jones Boulevard
    Reply With Quote  
     

  3. #53  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,748
    Golden Entertainment Continues Wholly Owned Tavern Expansion in 2017 Seven new Las Vegas Valley locations planned for development

    January 10, 2017 09:00 AM Eastern Standard Time
    LAS VEGAS--(BUSINESS WIRE)--Golden Entertainment, Inc. (NASDAQ:GDEN), the largest traditional tavern gaming operator in Nevada, announced Tuesday the company currently plans to open seven new taverns in the Las Vegas Valley that are scheduled for completion in 2017.
    “Last year marked a milestone of the organic growth of our tavern business, and our 2017 openings will continue our company’s goal of expanding our presence and reinvesting in Nevada”
    Tweet this
    Five of the taverns will be located in the growing southwest region of Clark County. A sixth location is in the City of Las Vegas’ northwest area near Centennial Hills. The seventh tavern is in the Green Valley Ranch section of Henderson. The seven locations include six greenfield developments plus the acquisition of an existing tavern operated by a third party.
    The development plans will give Golden Entertainment a total of 60 taverns in Nevada by the end of 2017 and follows the company’s 2016 growth activities, which saw Golden Entertainment open five new taverns. The company’s tavern brands include PT’s Pub, PT’s Gold, PT’s Ranch, PT’s Brewing Co., Sean Patrick’s, Sierra Gold and SG Bar.
    “Last year marked a milestone of the organic growth of our tavern business, and our 2017 openings will continue our company’s goal of expanding our presence and reinvesting in Nevada,” said Blake L. Sartini II, senior vice president of distributed gaming for Golden Entertainment. “We expect the continued strength of the Las Vegas local economy to support not only our currently planned 2017 openings, but additional future taverns across all our brands.”
    The locations currently planned for the 2017 expansion include:

    • 7355 South Buffalo Drive near West Warm Springs Road – near the Rhodes Ranch residential and golf community.
    • South Valley View Boulevard north of Interstate 215 in an existing tavern site.
    • 4880 West Silverado Ranch Boulevard near South Decatur Boulevard.
    • A development site on Blue Diamond Road and South El Capitan Way, near the Mountain’s Edge residential community.
    • 8275 South Fort Apache Road near Huntington Cove Parkway, situated just west of Rhodes Ranch.
    • 7550 Oso Blanca Road, near North Durango Drive in Centennial Hills.
    • A development site in the Green Valley Ranch community of Henderson.

    Each new tavern location will offer up to 15 video gaming devices and a wide variety of dining and beverage selections, including award-winning bar food and happy hour options. The seven taverns are expected to create more than 200 full-time and part-time jobs for Southern Nevada residents.
    Golden Entertainment, Inc. owns and operates gaming properties across two divisions – distributed gaming and casino operations. Golden Entertainment operates more than 12,000 gaming devices and nearly 30 table games in Nevada, Maryland and Montana. The Company owns four casino properties, more than 50 taverns and operates approximately 980 distributed gaming locations in multiple jurisdictions. Golden Entertainment is focused on leveraging its scale, market leadership and proven management capabilities to maximize profitability of its operations and value for its shareholders. For more information, visit www.goldenent.com.
    Reply With Quote  
     

  4. #54  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,748
    2/9/17, 5:22 PM
    Golden Entertainment upgraded by SunTrust Banks, Inc. to buy. http://www.marketbeat.com/r/774303 $GDEN
    Reply With Quote  
     

  5. #55  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,748
    Go time

    Gabelli increased his stake? Rumors of a deal to expand in a major US city ? Earnings march 8th

    Reply With Quote  
     

  6. #56  
    Searching For A Win! Steiner69eR's Avatar
    Join Date
    Oct 2006
    Location
    Parts Unknown
    Posts
    1,741
    Bruce: Hope all is well, my friend.

    Where do you see the increased Gabelli stake? Just curious, as I can't find it on my T.R. portal. Thanks in advance for the details.

    Best,
    Steiner
    Reply With Quote  
     

  7. #57  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,748
    Quote Originally Posted by Steiner69eR View Post
    Bruce: Hope all is well, my friend.

    Where do you see the increased Gabelli stake? Just curious, as I can't find it on my T.R. portal. Thanks in advance for the details.

    Best,
    Steiner

    I posed it as a question . Don't mind me, just wondering out loud lol
    Reply With Quote  
     

  8. #58  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,748
    blog page Raise A Toast; Golden Is Expanding Local Taverns In 2017

    Feb 13, 2017 | blog, Blake Sartini |
    Good news, southern Nevada residents. We’re about to bring more good times and tasty bites your way.
    As 2017 kicks off, we’re sharing the good news that Golden Entertainment is expanding our local tavern presence across the Las Vegas Valley, including a whopping seven new taverns in the following areas:
    – 7355 South Buffalo Drive near West Warm Springs Rd. not far from the Rhodes Ranch residential and golf community
    – South Valley View Boulevard north of Interstate 215
    – 4880 West Silverado Ranch Boulevard near South Decatur Blvd.
    – Blue Diamond Rd. and South El Capitan Way, near the Mountain’s Edge residential community
    – 8275 South Fort Apache Rd. near Huntington Cove Parkway, situated just west of Rhodes Ranch
    – 7550 Oso Blanca Rd., near North Durango Drive in Centennial Hills
    – Henderson’s Green Valley Ranch
    Each of these seven new Las Vegas taverns will offer as many as 15 gaming devices and a selection of our award-winning bar food and happy hour choices. Choices like craft beers and creative cocktails to help melt away the stress of a busy day.
    On a hot summer day, you might choose to sip on our own PT’s Buffalo Blonde, a 6.5% ABV beer with refreshing notes of banana and pear. For chillier nights in the valley, try the 5.2% ABV Boulder Stout, a nitro poured Irish-style stout with coffee and cocoa notes. When it’s time to grab a bite, enjoy pizzas, chicken wings, burgers, nachos and so many more options at each of our new local taverns.
    These new Las Vegas taverns are projected to boost employment in the area, bringing more than 200 full- and part-time jobs to the residents of southern Nevada. Six of the new locations are brand new locations, while a seventh will take over an existing tavern currently operated by a third party.
    Check out this staggering map of our locations. We have more than 50 nearby taverns across the Las Vegas Valley. The seven new locations add to the existing PT’s Pubs, PT’s Gold, PT’s Brewing Company, PT’s Ranch, Sean Patrick’s, Sierra Gold and SG Bar establishments that currently serve up daily food and drink specials in a relaxed, friendly atmosphere.
    Look for the new nearby taverns to open throughout 2017, and stay in touch with us for more exciting news throughout the year.
    Blake L. Sartini II
    Senior VP of Distributed Gaming
    Reply With Quote  
     

  9. #59  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,748
    Golden Entertainment, Inc. (NASDAQ: GDEN) Set to Capitalize on the Immensity of the US Gambling Market

    February 23, 2017
    Billions of dollars are generated from the U.S. gambling market each year. Despite a new movement toward online gambling, especially in the United Kingdom, physical brick and mortar casinos are still dominating in terms of revenue.
    A political aspect that could impact the casino industry in the U.S. is the election of Donald Trump. Although moral issues still surround the market, the new president has close affiliations with the casino industry. In 2015, gross gaming revenue (GGR) came in at over 40%, but in 2016, according to CasinoNewsDaily.com (http://nnw.fm/6LdvT), the U.S. was at the top of the full-year losses chart, the number representing the amount staked by gambling customers minus payouts.
    According to InvestmentWatchBlog.com (http://nnw.fm/4cJVw), the casino annual growth rate in Nevada came in at 4.5% between 2011 and 2015, with a market growth during that period of 7.3%. Despite it not being known how much revenue makes up the online casino industry compared to the brick and mortar casino industry, slots make up 50% of gaming revenue in Nevada.
    Golden Entertainment, Inc. (NASDAQ: GDEN), the largest branded tavern operator in Nevada and a market leader in distributed gaming, is set to capitalize on the immensity of the U.S. gambling market through its robust development and acquisition pipeline, which included the acquisitions of C. Lohman Games, Inc. in January 2016, and Amusement Services, LLC in April of the same year. The company now has over 10,000 devices in over 1,000 locations across the United States, including Pahrump Nugget Hotel & Casino, Gold Town Casino, and Lakeside Casino & RV Park, all of which are in Nevada.
    Golden Entertainment has multiple paths to achieve meaningful growth. For 2017, the company has seven new taverns under development with a robust pipeline of new-build sites. The company plans to acquire smaller distributed gaming operators that lack the scale to compete in profitability, as well as regional casino assets, and also to reinvest in existing casino properties, such as its Rocky Gap and Pahrump facilities.
    Golden Entertainment currently owns rights to potential distributed gaming locations and aims to pioneer new distributed gaming jurisdictions across the country. Additionally, by merging with public gaming operators, the company is offering the potential for increased liquidity to shareholders.
    For more information, visit
    For more information, visit https://www.NetworkNewsWire.com
    Reply With Quote  
     

  10. #60  
    Show me a good loser, and I'll show you a loser The Kinz's Avatar
    Join Date
    Jun 2005
    Location
    Florida
    Posts
    3,125
    I hopped on for a 1000 shares..lets see what happens.
    Reply With Quote  
     

  11. #61  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,748
    Quote Originally Posted by The Kinz View Post
    I hopped on for a 1000 shares..lets see what happens.
    Welcome aboard, see ya at 20

    by the way revised date for earnings is now the 13th, at the close
    Reply With Quote  
     

  12. #62  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,748
    Golden Entertainment's Fourth Quarter Net Revenue Rises 21.9% to a Record $105.4 Millionsorry, not letting me post the link You just have to trust me
    Reply With Quote  
     

  13. #63  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,748
    Golden Entertainment, Inc. (GDEN) (“Golden Entertainment” or the “Company”), a leading distributed gaming operator and owner of taverns and casinos, today announced financial results for the fourth quarter and year ended December 31, 2016 as summarized below. For comparative purposes, the 2015 results as presented include unaudited results of Sartini Gaming, Inc. (“Sartini Gaming”), which merged with a subsidiary of Lakes Entertainment (the “Merger”) on July 31, 2015 to form Golden Entertainment. Consolidated Results (2016) and Combined Results (2015) (Unaudited, in thousands) Three Months Ended Twelve Months Ended December 31,2016 December 31,2015 % Change December 31,2016 December 31,2015(1) % Change Net Revenues Distributed Gaming $ 81,190 $ 63,277 28.3 % $ 305,792 $ 249,287 22.7 % Casinos 24,101 23,108 4.3 % 97,132 95,777 1.4 % Corporate and other 95 50 90.0 % 280 373 -24.9 % $ 105,386 $ 86,435 21.9 % $ 403,204 $ 345,437 16.7 % Net Income (Loss) Distributed Gaming $ 5,243 $ 6,316 -17.0 % $ 22,323 $ 25,096 -11.0 % Casinos 3,723 3,021 23.2 % 16,117 9,304 73.2 % Corporate and other 993 14,069 -92.9 % (22,140 ) (15,242 ) 45.3 % $ 9,959 $ 23,406 -57.5 % $ 16,300 $ 19,158 -14.9 % Adjusted EBITDA(2) Distributed Gaming $ 11,490 $ 8,971 28.1 % $ 43,555 $ 36,710 18.6 % Casinos 5,453 4,787 13.9 % 23,571 20,044 17.6 % Corporate and other (4,780 ) (4,333 ) 10.3 % (18,531 ) (16,337 ) 13.4 % $ 12,163 $ 9,425 29.1 % $ 48,595 $ 40,417 20.2 % (1) The combined financial information for the twelve months ended December 31, 2015 includes the Company’s audited consolidated statement of operations for the 2015 full year period and Sartini Gaming’s unaudited consolidated statement of operations for the seven months ended July 31, 2015. Combined select operating results have been prepared for illustrative purposes only and do not purport to be indicative of the results had the Merger occurred on the first day of such period. The combined results do not conform to SEC rules for pro forma financial information; however, we believe they provide investors with a meaningful comparison for the periods presented. (2) Adjusted EBITDA is a non-GAAP financial measure and definitions and disclosures, including reconciliations, are included at the end of the press release. Blake L. Sartini, Chairman and Chief Executive Officer of Golden Entertainment, commented, “Golden Entertainment’s record fourth quarter, including 21.9% net revenue and 29.1% Adjusted EBITDA growth, marked the conclusion to another successful and active year. Full year 2016 net revenues and Adjusted EBITDA were also records, growing 16.7% and 20.2% year-over-year over combined net revenues and combined adjusted EBITDA, respectively. Our strong fourth quarter and full year results reflect the ongoing expansion of our distributed gaming business, including the successful integration during the year of two acquisitions in Montana, where we now have a strong market position. In 2016, we also further grew our portfolio of wholly-owned taverns with five new openings and meaningfully improved the operating performance at our casinos.“Today, Golden Entertainment is a distributed gaming leader, with more than 10,000 devices at nearly 1,000 locations, including the largest footprint in Nevada and the second largest in Montana. Fourth quarter 2016 distributed gaming Adjusted EBITDA rose 28.1% year-over-year and benefited from the addition of approximately 2,900 gaming devices in Montana and five newly branded taverns in Las Vegas which opened during 2016. Last year’s Montana acquisitions extend our long-term record of success in building our distributed gaming business, and we are well positioned for organic and transaction-related growth in this market in 2017. In Nevada, we continue to transition our recurring-revenue, distributed gaming portfolio towards a greater percentage of higher margin, wholly-owned taverns. This is expected to increase our operating margin and allow for the re-allocation of capital and human resources to higher return opportunities. To this point, our market-leading Nevada taverns delivered 6.6% same store sales growth for 2016.“Our casino operations also performed well in the fourth quarter, with year-to-date Adjusted EBITDA rising 13.9% year-over-year over combined adjusted EBITDA, as we began to benefit from capital upgrades in Nevada and Maryland during the year. Our three casinos in Pahrump grew combined Adjusted EBITDA in 2016 despite construction disruptions, and our focus on disciplined operations led to a healthy rise in Adjusted EBITDA margins. At Rocky Gap Casino, we added gaming devices, updated the interior and expanded parking while refining our branding and marketing programs, leading to double digit Adjusted EBITDA growth in 2016 and healthy Adjusted EBITDA margin expansion. Importantly, Rocky Gap continued to grow revenues year-over-year despite the opening of a new casino property in Maryland in December 2016.“Looking forward, Golden Entertainment is well positioned for continued growth in 2017 and beyond. We are on schedule to open seven new Las Vegas taverns in 2017 and are already establishing a strong pipeline of new openings for 2018. As the largest branded tavern and distributed gaming operator in Nevada, we are a beneficiary of the state’s ongoing positive macroeconomic trends, and we expect our casinos to build on their strong fourth quarter momentum throughout 2017. Overall, our team remains focused on expanding our operations across existing and potential new markets, and we are evaluating strategic opportunities to add further scale to both our distributed gaming and casino businesses to create additional long-term value for shareholders.”Results for the Three Months Ended December 31, 2016Net revenues for the quarter were $105.4 million, compared to $86.4 million in the prior-year quarter, with the increase due primarily to the Company’s recently acquired Montana distributed gaming businesses and the opening of five new branded taverns in the Las Vegas Valley during 2016. Net revenues for the 2016 fourth quarter increased 21.9% compared to the prior year quarter.For the quarter, net income was $10.0 million, or $0.44 per diluted share, compared to $23.4 million, or $1.06 per diluted share, in the prior year quarter. The 2016 fourth quarter included a $5.1 million income tax benefit related to the release of a portion of the valuation allowance against deferred tax assets, while the prior year quarter benefited from a $23.6 million gain on the recovery of impaired notes receivable. During the fourth quarter of 2016, the Company incurred $0.6 million in preopening expenses compared to $0.3 million in the prior-year period. The results for the prior year quarter also included $0.9 million in Merger-related expenses.Adjusted EBITDA for the quarter was $12.2 million, an increase of 29.1% compared to $9.4 million in the prior year quarter, with the increase due primarily to the growth in the Company’s net revenues and a reduction in corporate expenses as a percentage of net revenues.Balance Sheet and LiquidityAs of December 31, 2016, the Company had cash and cash equivalents of $46.9 million and total outstanding debt of $185.7 million. Outstanding debt under the Company’s senior credit facility included $150 million in senior secured term loans and $30 million in borrowings under the Company’s revolving credit facility. As of December 31, 2016, the Company had $20 million of additional availability under its revolving credit facility. The full year weighted average effective interest rate on outstanding borrowings under these facilities was approximately 3.3%. Both the Company’s term loans and revolving credit facilities mature in July 2020.Charles H. Protell, Chief Strategy and Financial Officer, commented, “Given our portfolio of leading distributed gaming and casino assets, strong balance sheet and attractive cost of capital, we are well positioned to execute on our organic growth plan for 2017. We expect to fund planned 2017 capital expenditures of approximately $26 million as well as scheduled debt amortization of $12 million from operating cash flow. In addition, the Company continues to actively review strategic opportunities that could accelerate its growth profile while meaningfully increasing the Company’s financial scale.”Investor Conference Call and WebcastThe Company will host a webcast and conference call today, March 13, 2017 at 5:00 p.m. Eastern Time, to discuss the fourth quarter and full year 2016 results. The conference call may be accessed live by dialing 844/465-3054 or 480/685-5227 for international callers and entering the passcode 50816227. A replay will be available beginning at 8:00 p.m. ET on March 13, 2017 and may be accessed by dialing 855/859-2056 or 404/537-3406 for international callers; the passcode is 50816227. The replay will be available until March 16, 2017. The call will also be webcast live through the “Investors” section of the Company’s website, www.goldenent.com. A replay of the audio webcast will also be archived on the Company’s website, www.goldenent.com.If you have questions about Golden Entertainment or are interested in conducting a conference call with Golden Entertainment management, please contact JCIR at 212/835-8500 or gden@jcir.com.
    Reply With Quote  
     

  14. #64  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,748
    18 March 2017

    Weekly Superstock Scan 20 Mar 2017 - 24 Mar 2017 (1/2): Golden Entertainment, Inc (GDEN)



    We will be seeing the first ever coverage on a US stock in this blog for the first time in 2017. And this week, we will be seeing not just one, two potential superstocks.

    The first stock is one that I have posted on a year ago. Golden Entertainment, Inc (GDEN). Golden Entertainment, Inc (GDEN) is a diversified group of gaming companies that focus on distributed gaming (including tavern gaming) and casino and resort operations. On July 31, 2015, Sartini Gaming, Inc. merged with a subsidiary of Lakes Entertainment and the Company was subsequently renamed Golden Entertainment.




    GDEN operates in two segments - distributed gaming and casinos. In the distributed gaming segment, GDEN operates gaming machine at grocery stores, convenience stores, restaurants, etc and operates 53 taverns with gaming machines. It is the largest operator of distributed gaming in Nevada. In the casinos segment, GDEN operates own and operate the Rocky Gap Casino Resort in Flintstone, Maryland and three casinos in Pahrump, Nevada: Pahrump Nugget Hotel Casino, Gold Town Casino and Lakeside Casino & RV Park.
    Technical




    Since I last posted on GDEN when it was trading at 11.82, the stock moved to a high of 14 and consolidated between $10.50 and $13.50 for the next 8 months. Last week, GDEN surged to close at $13.99 with more than two times its average trading volume after the release of a good set of Q4 2016 results.

    Fundamental




    Including the most recent quarter, GDEN has reported 5 consecutive quarters of year-on-year EPS growth. More importantly, the trailing 12 months EPS has turned from negative to positivesince 2016.

    A caveat will be that the fourth quarter represents the first period in which the year ago comparison also includes the full results of Sartini Gaming, which was merged with the subsidiary of the company in July 2015.

    In the quarter, GDEN reported 21.9% net revenue and 29.1% adjusted EBITDA growth, representing the successful integration of the two companies.
    Growing Base of Wholly-Owned Taverns

    GDEN operates branded taverns that offer a casually upscale environment catering to local patrons offering food, beer and other alcoholic beverages and typically include 15 onsite gaming devices. Theses taverns offer an avenue to attract a strong mix of millennials and Gen X customers, as compared to traditional casinos that attract an older demographic.



    In 2017, GDEN planned to open seven new taverns in Nevada. Their focus in the Nevada distributed business is to drive financial performance by shifting our mix towards higher margin, wholly-owned tavern allocations from chain store locations.
    Multiple Path for Growth

    Other than developing new taverns, GDEN has multiple paths for growth. These include acquiring smaller distributed gaming operators, reinvesting in existing casino properties and pioneering new distributed gaming Jurisdictions.



    In particular, GDEN is experienced in acquisition and completed 15 acquisitions in the past 13 years.

    Matrices
    - High TTM P/E: with a TTM EPS of $0.50, GDEN is trading at 28 times TTM P/E. The upside may be limited by the current high valuation.
    - High float: The float of GDEN is 10.12 million shares but the average trading volume is just 44.5 thousand shares. The float/volume ratio is very high at 227 times.
    Risk Factors/ Things I do not like



    • Competition from online gaming- Various forms of internet gaming have been approved in Nevada, and legislation permitting internet gaming has been proposed by the federal government and other states. The expansion of internet gaming in Nevada and other jurisdictions could result in significant additional competition
    • High debt- GDEN has $46.9 million of cash and cash equivalents at year end, total debt outstanding of $185.7 million including $150 million at senior secured term loans and $30 million of revolver borrowing.







    http://thetraderdiaries.blogspot.sg/...r-2017-24.html


    Reply With Quote  
     

  15. #65  
    RX Senior
    Join Date
    Sep 2004
    Posts
    3,862
    Matrices
    - High TTM P/E: with a TTM EPS of $0.50, GDEN is trading at 28 times TTM P/E. The upside may be limited by the current high valuation.
    - High float: The float of GDEN is 10.12 million shares but the average trading volume is just 44.5 thousand shares. The float/volume ratio is very high at 227 times.

    Do you know Eldorado's stats?
    Reply With Quote  
     

  16. #66  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,748
    Don't get fooled here. The upside is probably a double from here . Multiple expansion is huge as earnings and sales grow . Very thin stock though so buy smart Excellent management team
    Reply With Quote  
     

  17. #67  
     

  18. #68  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,748
    Via @FantiniResearch - Maryland gaming bill signed by the governor gives @GDENOfficial a 10% tax break on slot revenue for buying machinespic.twitter.com/D2jAZxYnp4

    Reply With Quote  
     

  19. #69  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,748
    earnings 5/4
    Rocky Gap Casino Resort captures nine first place magazine honors










    ROCKY GAP — Rocky Gap Casino Resort, a subsidiary of Las Vegas-based Golden Entertainment Inc., earned nine first place honors in Casino Player Magazine in the publication’s Best of Dining & Nightlife Awards Program.
    Rocky Gap earned the recognition through a vote of the magazine’s readership in a competition that included Maryland’s six gaming properties.


    Rocky Gap took first place in the following categories:
    Best Buffet, Lakeside Restaurant; Best Seafood, Lakeside Restaurant; Best Burger Joint, LB’s Place; Best Coffee Shop, Little Munch; Best Outdoor Dining, Signatures Bar & Grill; Best Place to People Watch, On The Rocks; Best View, Lakeside Restaurant; and Best Place for Cocktails, On The Rocks.




    Rocky Gap also earned first place for Best Overall Service.
    Skylar Dice, general manager of the Rocky Gap Casino Resort, thanked the property’s guests who voted in the magazine’s survey. Dice also credited the resort’s team members, whose efforts in guest relations led to having the best overall service, topping the list of all Maryland casinos.
    “We are proud of these honors because our restaurants, nightlife attractions and guest service successfully competed against all other casinos in Maryland,” Dice said. “These awards directly reflect the efforts of Rocky Gap’s approximately 465 team members.”





    CUMBERLAND TIMES-NEWS, ctn@times-news.comhttp://www.times-news.com/news/business/rocky-gap-casino-resort-captures-nine-first-place-magazine-honors/article_a66dbc91-0e84-54ba-8a99-ad882b5e816d.html
    Reply With Quote  
     

  20. #70  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,748
    ROCKY GAP CASINO – RESORT PROPERTY

    Posted on April 26, 2017 manager




    The entire Rocky Gap Casino Resort complex is owned by: Golden Entertainment, Inc.
    Video Reference Link Click HERE
    About: The Rocky Gap Casino Resort
    Rocky Gap Casino Resort is a AAA / 4-Diamond Award® -and- TripAdvisor Certificate of Excellence award winning resort

    The Resort sits on 243-acres of waterfront lakeside property that is located in Rocky Gap State Park near Cumberland, Maryland
    The resort features 210 hotel rooms -&- 18 Luxury Suites

    The Rocky Gap Casino is located in the 6 story “Lodge Themed” main hotel buiding complex
    The casino offers 634 slot machines.. 18 table games -and- 2 Large casino bars.
    The Resort is attached to the only – 18 hole – “Jack Nicklaus Signature” – Golf Course in the state of Maryland
    The Rocky Gap Lodge offers a wealth of amenities and activities for visitors of all ages including:
    A conference center, business services / internet lounge, a Full Service Spa, Fitness Center, Tennis , Indoor Pool,
    4 restaurants, a large Entertainment Club, miles of hiking trails, horse back riding, incredible mountain views,
    complimentary valet parking, individual parking, and numerous outdoor recreational and water activities.

    Maryland Governor Hogan Signs into Law .. Senate Bill #495

    Posted on April 26, 2017 manager




    Maryland Governor Hogan signs “SB-495” into “LAW” ==> Senate Bill #495

    SB #495 law gives Golden Entertainment’s – “ROCKY GAP CASINO” –
    A -10.00% TAX REDUCTION on their Slot Machine gaming revenues
    In return ..

    Golden Entertainment will have to purchase the slot machines currently on the floor of their casino

    at a greatly reduced and depreciated rate
    In addition … The State of Maryland will pay GDEN nearly $1 million … For breaking their “Slots Ownership Contract” 2 years early
    I am hearing the re-purchase is in the $5-$6 million range

    This Governor’s “Pen Stroke”… Is expected to have a positive and dramatic impact on Rocky Gap’s overall EBITDA


    Bills Signed into Law by the Maryland Governor -on- April 18, 2017

    SB #495 – Signed into Law -&- Autorized by Governor Larry Hogan
    EFFECTIVE: JULY 1, 2017

    Budget and Taxation Committee -&- Lottery/Gaming Control Agency
    Pertaining to: GAMING -&- VIDEO LOTTERY TERMINALS
    TRANSFER OF OWNERSHIP and LOCAL IMPACT TAX GRANTS
    Requiring specified video lottery facilities located in Worcester County and Allegany County
    to own or lease specified video lottery terminals and associated equipment and software
    by March 31, 2020; and altering the distribution of specified proceeds of video lottery terminals
    at specified video lottery facilities.


    Post navigation

    ROCKY GAP CASINO – RESORT PROPERTY
    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
  •