Revenue and adjusted earnings at Golden see a minor decrease
Golden Entertainment Reports Q2 2025 Results
Golden Entertainment, a leading gaming and hospitality company based in the United States with a significant presence in Nevada, has released its financial results for the second quarter of 2025.
The company's overall revenue for Q2 2025 was $163.6 million, a decrease from $167.3 million in Q2 of 2024. This decline was partially offset by an increase in net income, which rose from $0.6 million in Q2 of 2024 to $4.6 million in Q2 of 2025. Adjusted EBITDA for the quarter was $38.4 million, down from $41.2 million in Q2 of 2024.
In the commercial casinos segment in Nevada, commonly referred to as the Nevada Casino Resorts segment, both revenue and adjusted EBITDA decreased compared to the prior year. Revenue fell by 2.9%, and adjusted EBITDA decreased by 5.2% due to reduced guest spending.
While exact dollar amounts for the Nevada commercial casinos alone are not explicitly stated, the decline percentages suggest a modest reduction within that segment relative to the overall figures.
In other segments, locals casinos reported an increase in revenue from $37.8 million in Q2 of 2024 to $38.9 million in Q2 of 2025. On the other hand, the tavern business saw a decrease in revenue, with Q2 2025 revenue coming in at $26.2 million, down from $28.1 million in Q2 of 2024.
The Strat on the Strip, a casino resort owned by Golden Entertainment, reported a decrease in revenue from $101 million in Q2 of 2024 to $98.1 million in Q2 of 2025. Food and beverage revenue also saw a decline, falling from $43.1 million a year ago to $41 million this year.
Golden 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.
As of June 30, Golden had cash and cash equivalents of $52.3 million and $200 million of remaining availability under its revolving credit facility. The company also authorized the next recurring quarterly cash dividend of $0.25 per share payable on October 3.
It's worth noting that Golden paid a quarterly cash dividend of $0.25 per share on July 9. As of June 30, the total principal amount of debt outstanding was $436.9 million.
The report was made during an earnings call on Thursday. The company also authorized the next recurring quarterly cash dividend of $0.25 per share payable on October 3.
Golden Entertainment's results for Q2 2025 indicate a decline in revenue for the Nevada Casino Resorts segment, possibly due to reduced guest spending, contrasting with the increased revenue in the locals casinos segment. Despite this, the company continues to have a presence in various sectors of the casino and gambling industry, including finance and casino-culture, as demonstrated by their operations in casino-games and casino-resorts such as The Strat on the Strip.
