Fri, Feb 28, 7:32 PM (57 days ago)
**Golden Entertainment, Inc. (GDEN) 2024 10-K Summary** Golden Entertainment, Inc. reported total revenues of $666.8 million for the year ended December 31, 2024, a significant decrease of 37% from $1,053.1 million in 2023, primarily due to divestitures of Rocky Gap Casino Resort and distributed gaming operations in Montana and Nevada. The company achieved net income of $50.7 million, down from $255.8 million in 2023, with operating expenses totaling $554.7 million, reflecting a 15% decline. The operating income was $112.1 million, compared to $399.2 million in the previous year. The company completed strategic acquisitions, including Lucky's Lounge and Great American Pub for $10.0 million and $7.3 million, respectively. Total debt at year-end was $417.6 million, down from $676.6 million, following the redemption of its 2026 Unsecured Notes. Key risk factors include intense competition in the gaming industry, regulatory changes, and reliance on consumer spending. The future outlook focuses on leveraging the tavern segment and optimizing operations post-divestiture. The company declared a recurring quarterly cash dividend of $0.25 per share, demonstrating commitment to returning capital to shareholders.