Source link : https://las-vegas-news.com/las-vegas-casino-operator-grapples-with-q4-losses-as-privatization-looms/
Sharp Downturn in Final Public Quarter (Image Credits: Unsplash)
Las Vegas – Golden Entertainment Inc. capped 2025 with disappointing fourth-quarter results, posting a revenue decline and net loss just before transitioning to private ownership.[1]
Sharp Downturn in Final Public Quarter
Golden Entertainment revealed fourth-quarter revenues of $155.6 million, a drop of $8.6 million from the $164.2 million recorded in the same period of 2024.[1][2] The company swung to a net loss of $8.5 million, or $0.33 per share, compared to net income of $3.0 million the previous year. Adjusted EBITDA fell to $33.5 million from $39.2 million.
Full-year performance mirrored the weakness, with revenues totaling $634.9 million, down from $666.8 million in 2024. Net income flipped to a $6 million loss from a $50.7 million profit. A $10.2 million loss from asset disposals weighed heavily on the results. The operator, which runs The Strat and other properties, ended the year with $438.7 million in debt and $55.3 million in cash.
Asset Sale Signals Major Shift
Golden Entertainment prepared to sell its operating assets to Chairman and CEO Blake L. Sartini and its casino real estate to VICI Properties Inc. The deal will end its public trading status, with shares set to delist once completed. Affected properties include The Strat Hotel Casino & SkyPod on the Las Vegas Strip, Aquarius and Edgewater resorts in Laughlin, Pahrump Nugget, and two Arizona Charlie’s locations in Las Vegas.
The…
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Author : Matthias Binder
Publish date : 2026-03-03 21:56:00
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