With an 11.7% increase in revenue during the first quarter, Golden Ent reported record numbers.
US.- Golden Entertainment (Golden Ent) has experienced great results during the first three months of the year. The company boosted its revenues by 11.7% to US$239.9 million, which is a significant improvement from the US$214.8 million registered during the same period a year before.
Besides the great revenue performance, Golden Ent’s EBITDA rose 5.5% to US$48.4 million, up from the US$45.9 million in the same three-month period in 2018. These results include operations of the Edgewater and Colorado Belle Casino Resorts. These facilities were acquired by Golden Ent back in January.
Furthermore, Golden Ent’s revenue from the casino segment also increased 16% to US$151.4 million, up from 2018’s US$130.5 million and driven by the acquisitions in Laughlin, Nevada, and contributed to the record quarter.
Blake Sartini, chairman and chief executive officer of Golden Entertainment, said of the company’s performance: “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.”