Golden Entertainment Reports Increased Q2 Net Income

A chain of land-based casinos from Golden Entertainment has recorded a soar in revenues in Q2, jumping from the first three month’s average $110m to almost doubled $216m…

Assets in Maryland have also reported an increased net income for the quarter, totaling $3.6 million, which sures last year’s $1.7 double time. Consequently, the group has managed to adjust its EBITDA, reaching astronomical $46.3 million in the second quarter alone.

Effectiveness and Strength

Chairman and CEO of Golden Entertainment, Blake L. Sartini, is very satisfied with the results, saying that further revenue growth is expected across the group’s casino and gaming divisions as well.

All eight casinos recorded an increase during Q2, due to the effectiveness and exceptional energy of the whole team. However, the company’s properties in Las Vegas are the real reason behind the staggering financial growth, due to certain operational changes and implemented strategies, added Sartini.

Sharp H1 Increase

To sum it all up, half one revenues of Golden Entertainment saw an astounding increase, suring last year’s $175m by far and large, reaching over $266m by June 30th, 2018. Furthermore, the group’s operating revenue has sprung from $7.9m to an amazing $35m, making the total value of all assets at close to $1.4 billion.

Back in June 2017, Golden Entertainment Inc. acquired a casino holding company, American Casino & Entertainment Properties LLC for $850 million. The deal included more than 15,800 slots, 114 gaming tables, and about 5,100 hotel rooms in eight casino properties.