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Golden Entertainment Reports Revenue Growth for Q1 2019

Niji Narayan

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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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