Golden Ent. reports first-quarter earnings of $3.9 million

May 10, 2018 9:47 AM

Golden Entertainment Inc. Wednesday reported first-quarter earnings of $3.9 million. For Las Vegas-based casino/resort, distributed gaming and major tavern operator the figure, on a per-share basis, represents a profit of 13 cents. Earnings, adjusted for costs related to mergers and acquisitions, were 16 cents per share.

Golden posted record revenue of $214.8 million in the period, the company said.

Blake L. Sartini, Chairman and Chief Executive Officer of Golden Entertainment, said, “Our record first quarter results were driven by year-over-year Adjusted EBITDA growth from our Nevada casinos acquired with American Casino and Entertainment in October 2017 as well as Adjusted EBITDA growth at Maryland’s Rocky Gap Casino Resort despite the challenging northeast weather.