Decreased Revenue and Adjusted Profits for Golden Company

Golden Entertainment, the Nevada-based gaming and entertainment company, has released its second-quarter financial results, showing a mixed performance across its casino resorts, locals casinos, and taverns.

In the locals casinos segment, the company reported a revenue increase of 2.8% compared to the prior year, amounting to $38.9 million. Adjusted EBITDA for this segment also saw a rise of 6.7%[5]. This growth was partly due to the success of the company's loyalty program and increased visitor volumes.

However, the Nevada casino resorts segment faced a decline in both revenue and adjusted EBITDA. Revenue decreased by 2.9%, while adjusted EBITDA fell by 5.2%. Management attributed this decline to reduced guest spending in areas like Las Vegas[5]. The Strat on the Strip, a casino resort operated by Golden Entertainment, reported $98.1 million in revenue, down from $101 million a year ago.

The Nevada tavern business, operated by Golden Entertainment, reported a decline in revenue and adjusted EBITDA. Revenue at taverns decreased by 6.7%, with adjusted EBITDA facing a sharper drop of 24.5% compared to the prior year. This decline was partly due to increased promotional activity from smaller, private tavern operators, which management believes is unsustainable in the long term[5].

Overall, Golden Entertainment's total revenue for the second quarter of 2025 was $163.6 million, down from $167.3 million in the same period of 2024. The company's earnings per share exceeded expectations, despite revenue missing analyst estimates[1][3].

In addition to the financial results, the company announced that it repurchased 514,150 shares of its common stock in the second quarter at an average price of $28.47 per share for a total of $14.6 million. As of June 30, the company had $77.2 million remaining under its share-repurchase authorization.

Golden Entertainment also reported that it paid a quarterly cash dividend of $0.25 per share on July 9, and the next recurring quarterly cash dividend of $0.25 per share will be payable on October 3. The company's net income for the second quarter of 2025 was $4.6 million, up from $0.6 million in the same quarter of 2024.

As of June 30, 2025, Golden had cash and cash equivalents of $52.3 million and $200 million of remaining availability under its revolving credit facility. The tavern business reported $5.8 million, down from $7.7 million. Second-quarter 2025 adjusted EBITDA was $38.4 million, down from $41.2 million in the same quarter of 2024. The company's total principal amount of debt outstanding was $436.9 million.

[1] Golden Entertainment Reports Second Quarter 2025 Results

[2] Golden Entertainment Announces Second Quarter 2025 Dividend

[3] Golden Entertainment's Q2 Earnings Beat Estimates, But Revenue Misses

[4] Golden Entertainment Announces Second Quarter 2025 Share Repurchase

[5] Golden Entertainment Provides Second Quarter 2025 Business Update