Golden Entertainment, Inc. (GDEN)

Gaming and entertainment company operating casinos, taverns, and slot routes in Nevada and Maryland.

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Golden Entertainment, Inc., along with its subsidiaries, operates a diverse entertainment platform in the United States. The company is structured into four segments: Nevada Casino Resorts, Nevada Locals Casinos, Maryland Casino Resort, and Distributed Gaming. The Nevada Casino Resorts segment features destination casino resort properties, offering a variety of food and beverage outlets, entertainment venues, and other luxurious amenities. The Nevada Locals Casinos segment caters primarily to local customers with its casino properties designed to serve the community's needs.

The Maryland Casino Resort segment includes the Rocky Gap casino resort, which boasts a range of dining options, a signature golf course, a spa, and a pool. The Distributed Gaming segment extends beyond traditional casino environments, operating slot machines and amusement devices in various non-casino locations such as restaurants, bars, taverns, convenience stores, liquor stores, and grocery stores. This segment enhances the company's reach and offers gaming experiences in everyday local establishments.

As of February 17, 2022, Golden Entertainment, Inc. managed approximately 16,900 slots, 120 table games, and 6,200 hotel rooms. The company operated 10 casinos and managed video gaming devices across 1,100 locations, in addition to owning 60 traditional taverns. This expansive footprint highlights Golden Entertainment's ability to deliver a wide range of gaming and entertainment options across different venues and locations.

Originally founded as Lakes Entertainment, Inc., the company rebranded to Golden Entertainment, Inc. in July 2015 to better reflect its broadening scope and strategic direction. Incorporated in 1998, Golden Entertainment is headquartered in Las Vegas, Nevada, a central hub for the gaming and entertainment industry. The company's evolution and strategic expansion have positioned it as a significant player in the U.S. entertainment landscape.

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