Gambling in the USA

Golden Entertainment Reports Revenue Growth for Q1 2019

Published

6 years ago

May 14, 2019

Niji Narayan

Golden Entertainment Reports Revenue Growth for Q1 2019

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Golden Entertainment, the Nevada based gaming company, has reported great results during the first quarter of the year. The company increased its revenues by 11.7% to US$239.9 million.

Golden Ent’s EBITDA rose 5.5% to US$48.4 million. These results include operations of the Edgewater and Colorado Belle Casino Resorts. These facilities were acquired by Golden Ent in January.

Golden Ent’s revenue from the casino segment also increased 16% to US$151.4 million and contributed to the record quarter.

“During the first quarter, we continued our progress on a number of significant initiatives for the company. In March, we opened our new sportsbook, View Lounge and Blvd and Main Taphouse in The Strat, which all have been very well received by our guests. As we look at the healthy economic environment in Nevada and the potential opportunities that this provides our business, we believe Golden Entertainment is positioned to benefit from our strategic efforts and create long-term value for our shareholders,” Blake Sartini, Chairman and CEO of Golden Entertainment said.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.