{"id":2139219,"date":"2025-11-06T15:44:16","date_gmt":"2025-11-06T15:44:16","guid":{"rendered":"https:\/\/celebrity.land\/en\/?p=2139219"},"modified":"2025-11-06T15:44:16","modified_gmt":"2025-11-06T15:44:16","slug":"golden-entertainment-declines-in-revenue-and-adjusted-earnings-cdc-gaming","status":"publish","type":"post","link":"https:\/\/celebrity.land\/en\/golden-entertainment-declines-in-revenue-and-adjusted-earnings-cdc-gaming\/","title":{"rendered":"Golden Entertainment declines in revenue and adjusted earnings \u2014 CDC Gaming"},"content":{"rendered":"

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Golden Entertainment reported declines in revenue and adjustment earnings, at the same time that it announced the sale of its operating assets to company CEO Blake Sartini as part of a larger sale-leaseback deal of seven assets to VICI Properties.<\/p>\n

Thursday\u2019s earnings call to announce the results canceled; the information was sent out via press release.<\/p>\n

The company reported third-quarter revenue of $154.8 million, compared to $161.2 million for third quarter 2024. Net loss for the third quarter was $4.7 million or $0.18 per share compared to net income of $5.2 million or $0.18 per fully diluted share for the third quarter of 2024.<\/p>\n

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Third-quarter 2025 adjusted EBITDA was $30.5 million compared to adjusted EBITDA of $34 million for the third quarter of 2024.<\/p>\n

Gaming revenue was $77 million in the third quarter, up from $75.6 million in the third quarter of 2024. The decline came in room and food and beverage revenue.<\/p>\n

The Nevada Casino Resorts division that includes The STRAT on the Strip had $93 million in revenue, down from $99.5 million a year ago.<\/p>\n

The Nevada Locals Casinos saw a slight increase from $35.4 million to $35.7 million. The Nevada Tavern division declined from $26 million to $25.7 million.<\/p>\n

The company paid a quarterly cash dividend of $0.25 per share on October 3. On November 4, the company\u2019s Board of Directors authorized the next recurring quarterly cash dividend of $0.25 per share of the company\u2019s outstanding common stock payable on January 6 to shareholders of record as of December 22.<\/p>\n

As of September 30, the company\u2019s total principal amount of debt outstanding was $430.1 million, consisting primarily of $391 million in outstanding term loan borrowings and $35 million in outstanding borrowings under the company\u2019s revolving credit facility.<\/p>\n

As of September 30, the company had cash and cash equivalents of $58.3 million and $205 million of remaining availability under its revolving credit facility.<\/p>\n

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\u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n

\u2018 Some details of this article were extracted from the following source cdcgaming.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Golden Entertainment reported declines in revenue and adjustment earnings, at the same time that it announced the sale of its operating assets to company CEO Blake Sartini as part of a larger sale-leaseback deal of seven assets to VICI Properties. Thursday\u2019s earnings call to announce the results canceled; the information was sent out via press […]<\/p>\n","protected":false},"author":2,"featured_media":1980786,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25172],"tags":[26192,314107],"class_list":["post-2139219","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","tag-earnings","tag-golden-entertainment"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2025\/08\/Elite-Casino-Resorts-signs-definitive-agreement-to-acquire-Great-River.gif","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2139219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=2139219"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2139219\/revisions"}],"predecessor-version":[{"id":2139220,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2139219\/revisions\/2139220"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/1980786"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2139219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2139219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2139219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}