Nevada casino operator Golden Entertainment has reached a $1.16 billion deal with VICI Properties to sell and lease back seven casino properties, privatizing the company and deepening penetration into the local Las Vegas market.Key Terms of the DealGolden sells seven southern Nevada casino properti
Vici Properties completed the acquisition of seven casinos from Golden Entertainment for $1.16 billion, using a sale-leaseback model, marking a strategic transformation for both parties. This transaction not only solidifies Vici's position in the Nevada gaming market but also advances the privatizat
The swing factor for Golden Entertainment shares in 2025 relates to a strategic change in the structure of the operations, according to Deutsche Bank in issuing a Buy rating for the stock.As discussed in Deutsche Bank’s research over the course of 2024, a sale of the real estate at current levels li
Golden Entertainment earlier this year named Skylar Dice senior vice president and general manager for the Strat.He previously served as vice president and assistant general manager at the property.Vegas Inc sat down with Dice, who has more than two decades of experience in the gaming industry, to l
Executives at Las Vegas-based Golden Entertainment expressed dissatisfaction with the company’s low stock valuation during an earnings call on Thursday, noting they are actively seeking “strategic alternatives” to address the issue. Options include a sale-leaseback arrangement for the company's prop
Golden Entertainment said record summer heat and reduced play among lower-tier players cut into revenue and adjusted earnings during the third quarter, especially at The STRAT. Trends, however, are picking up to end the year.Charles Protell, president and chief financial officer, said total revenue
Golden Entertainment reported lower revenue and adjusted earnings during the third quarter for all of its Nevada casino operations. But the company expects improved conditions in the current quarter.On Thursday, Golden reported third-quarter revenue of $161.2 million, net income of $5.2 million, and
Las Vegas-based locals casino operator Golden Entertainmenthas finalized renovation projects at its Arizona Charlie's hotel-casinos, enhancing guest experiences at both suburban locations. At Arizona Charlie’s Boulder, situated at 4575 Boulder Highway, all 303 hotel rooms have received updates. The
Golden Entertainment’s Arizona Charlie’s Boulder and Arizona Charlie’s Decatur in Las Vegas have unveiled newly refreshed guest rooms featuring new beds, floors, and layouts, as well as updated amenities throughout both locals’ casino locations.All of the 303 guest rooms at Arizona Charlie’s Boulde
Golden Entertainment has named Skylar Dice as senior vice president and general manager of The STRAT Hotel, Casino & SkyPod. In this new role, Dice will lead all aspects of the resort’s operations, overseeing its 2,427-room hotel, 80,000-square-foot casino, and the tallest freestanding observati
Golden Entertainment has promoted Skylar Dice to senior vice president and general manager of the Strat Hotel, Casino & Tower in Las Vegas. With more than two decades of experience in hospitality and gaming, Dice brings a wealth of industry knowledge and leadership to his new position at The Str
Deutsche Bank has lowered its forecast for Golden Entertainment ahead of its Nov. 7 earnings release, but maintains a Buy rating on the “rising probability” that it sells a casino resort real estate in a leaseback opportunity. It didn’t name a potential property, but the Strat on the Las Vegas Strip
Analyst Hints at Potential Golden Entertainment Casino Sale-LeasebackOn Wednesday, the American gaming company that operates gaming properties, slot routes and taverns, Golden Entertainment, confirmed that its third quarter 2024 financial results are going to be released after market close on Novemb
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