Gden

Search

Member
Joined
Jan 19, 2005
Messages
3,248
Tokens
New highs here as well ( ERI). No real pressure on the stock, as it gets walked up , as new buyers accumulate .

Should be added to one of the Russell indexes in May, and dividend tentatively scheduled for June

Future isvery bright here, and I still think both ERI and GDEN, are heading over 20
 

Member
Joined
Jan 19, 2005
Messages
3,248
Tokens
Management scheduled to meet with over 14 different funds on the 18th


[h=1]Nantahala Capital Management buys $10 Million stake in Golden Entertainment Inc (GDEN)[/h] By Author Croci -
April 5, 2016

Golden Entertainment Inc (GDEN) : Nantahala Capital Management scooped up 268,441 additional shares in Golden Entertainment Inc during the Q4 period, according to a recent disclosure to the SEC. The investment management firm now holds a total of 956,558 shares of Golden Entertainment Inc which is valued at $10 Million.Golden Entertainment Inc makes up approximately 1.86% of Nantahala Capital Management’s portfolio.

Other Hedge Funds, Including , Raymond James Associates added GDEN to its portfolio by purchasing 102,402 company shares during the Fourth Quarter which is valued at $1.1 Million.Cove Street Capital reduced its stake in GDEN by selling 8,245 shares or 1.08% during the fourth quarter. The Hedge Fund company now holds 755,133 shares of GDEN which is valued at $7.9 Million. Golden Entertainment Inc makes up approx 1.04% of Cove Street Capital’s portfolio.Barr E S Co reduced its stake in GDEN by selling 3,806 shares or 21.44% during the fourth quarter. The Hedge Fund company now holds 13,950 shares of GDEN which is valued at $145,778. Golden Entertainment Inc makes up approx 0.02% of Barr E S Co’s portfolio.Blackrock Investment Management boosted its stake in GDEN during the Q4 period, The investment management firm added 107 additional shares and now holds a total of 1,730 shares of Golden Entertainment Inc which is valued at $18,079.Renaissance Technologies boosted its stake in GDEN during the Q4 period, The investment management firm added 38,700 additional shares and now holds a total of 157,200 shares of Golden Entertainment Inc which is valued at $1.6 Million.
Golden Entertainment Inc. formerly Lakes Entertainment Inc. is a gaming company. Through its three gaming divisions: Golden Casino Group PT’s Entertainment Group and Golden Route Operations it operates approximately 9250 slot machines and video lottery terminals as well as approximately 22 table games in Nevada and Maryland across four casino properties over 48 taverns and approximately 670 route locations. Golden Casino Group offers four resorts: The Pahrump Nugget Hotel & Casino Gold Town Casino and Lakeside Casino and RV Park in Pahrump Nevada and the Rocky Gap Resort in Flintstone Maryland. PT’s Entertainment Group is a tavern operator with around 48 establishments. Golden Route Operations is a distributed gaming operator with approximately 7100 machines in over 670 locations. Golden Route Operations is engaged in player tracking rewards player recognition and communication technology with its Golden Edge Slot Management System.
 

Member
Joined
Jan 19, 2005
Messages
3,248
Tokens
Grab your ticket and your suitcase, thunder's rolling down this track:103631605
Well you don't know where you're going now, but you know you won't be back





Golden Entertainment to Acquire Second Distributed Gaming Business in Montana


Company to become second largest distributed gaming operator in Montana, and one of the largest distributed gaming operators in the country


Golden Entertainment, Inc. 8 hours ago








LAS VEGAS--(BUSINESS WIRE)--



Golden Entertainment, Inc. (GDEN) (“Golden” or the “Company”) announced on Monday it had entered into a definitive agreement to acquire substantially all of the assets of Amusement Services, LLC (“Amusement Services”). Amusement Services is one of the largest distributed gaming operators in the state of Montana and currently operates more than 1,800 gaming devices located in approximately 180 retail locations across the state, including five Native American locations with contracts that comprise approximately 350 gaming devices.





“When considered with our January acquisition in Montana, we continue to demonstrate our ability to build and strengthen leadership positions in key attractive markets. When the transaction closes, we believe the Company will have a leadership position among the largest distributed gaming operators in Montana,” said Blake L. Sartini, Chief Executive Officer of Golden. “Montana is an attractive distributed gaming market, and with an enhanced footprint in the region, we are well positioned to capitalize on this opportunity.”

When the Amusement Services acquisition closes, Golden will operate nearly 3,000 gaming devices in Montana, making it the second largest distributed gaming operator in the state. Additionally, Golden remains the largest distributed gaming operator in Nevada and will operate over 12,000 gaming devices in total, making it one of the largest distributed gaming operators in the country.
The transaction is subject to customary closing conditions and is expected to close by the end of April. The Company plans to fund the approximately $25 million acquisition price through available borrowings under its revolving credit facility. Upon closing, management expects the acquisition to be immediately accretive to the Company’s earnings per share.
Similar to the previous distributed gaming acquisition in Montana, this acquisition will combine the sellers’ local relationships with Golden’s operational expertise, establishing a wider footprint across Montana. “For over 10 years, Amusement Services has been providing distributed gaming solutions in Montana. The opportunity to join the Golden team and continue to add value for our customers and team members is an exciting prospect,” stated Tim Carson, Co-Founder and President of Amusement Services. When the transaction closes, Mr. Carson will join the Company as the Vice President of Montana Operations, helping to ensure an effective management transition and operational continuity. http://finance.yahoo.com/news/golden-entertainment-acquire-second-distributed-123000216.html
 

Member
Joined
Jan 19, 2005
Messages
3,248
Tokens
23 April 2016

Weekly Superstock Scan 25 Apr 2016 - 29 Apr 2016: GDEN



Golden Entertainment, Inc (GEDN) is a diversified group of gaming companies that focus on distributed gaming (including tavern gaming) and casino and resort operations. On July 31, 2015, Sartini Gaming, Inc. merged with a subsidiary of Lakes Entertainment and the Company was subsequently renamed Golden Entertainment. It is important to note that the fourth quarter of 2015 marks the first full quarter of inclusion in the GEDN's results the distributed gaming and casino businesses of Sartini Gaming.









GDEN operates in two segments - distributed gaming and casinos. In the distributed gaming segment, GDEN operates gaming maching at grocery stores, convenience stores, restaurants, etc and operates 48 taverns with gaming machines. It is the largest operator of distributed gaming in Nevada. In the casinos segment, GDEN operates three casinos in Pahrump, Nevada and Rocky Gap Casino Resort in Flintstone, Maryland.


Technical




Strong Breakout from Gentle-slopping Base


The chart for GDEN has been nothing short of boring since the beginning of 2015. It was only from the middle of 2015, after the merger, when GDEN started to slowly creep up in price. Last week, GDEN has a strong breakout with a 10 per cent increase in price with 5 times average weekly volume.


The event that lead to the breakout was an announcement made on the April 18, 2016. Golden Entertainment, Inc. entered into a definitive agreement to acquire substantially all of the assets of
Amusement Services, which currently operates more than 1,800 gaming devices located in approximately 180 retail locations across the state of Montana.


Fundamental






Comparable Results Shows Growth before Fully Realising Synergies


The figures in the chart above can be taken with a pinch of salt since the results for fourth quarter cannot be compared with prior quarters as it takes into account contributions from Sartini.


In the quarterly report, GDEN has provided comparison for 4Q2015 results with the combined results for 4Q2014. On a year-on-year basis, revenue grew 3.2% while EBITA grew 7.4%, mostly driven by the distributed gaming segment.


The management estimated $3 million of synergies can be achieved by the merger, and only about $1.25 million was achieved in 2015. The remaining will be achieved in 2016 together with a cut in incremental transition cost of $400,000.


Entry into Montana


Golden was previously granted a gaming license in the State of Montana. Since the merger, GDEN took no time to expand into Montana. In January, GDEN acquired C. Lohman Games, Inc., Rocky Mountain Gaming, Inc. and Brandy’s Shoreliner Restaurant, Inc. The acquisition will add approximately 1140 gaming devices.


In April, as mentioned earlier, GDEN acquired all the assets of Amusement Services, LLC which will further add more than 1800 devices in 180 retail locations across Montana.


The two acquisitions will make GDEN the second largest distributed gaming operator in the state and are expected to be immediately accretive.

Organic Growth


Apart from acquisitions, GDEN is also expanding through organic growth. In 2016, GDEN plans to add six new tavern locations in Las Vegas and add on 312 gaming devices in 34 locations.


GDEN is also making a series of changes at Rocky Gap including car park expansions and remodeling. This is another benefit of the merger as the experienced Sartini family will be able to use their expertise to improve the assets previously owned by Lakes Entertainment.




Risk Factors/ Things I do not Like


  • High Debt - GDEN has $170 million of debt compared to $380 million of assets. While some debts are used for acquisitions that are immediately accretive such as the Montana acquisitions, other capital expenditure takes time to bring in earnings and add on to fixed cost and interest expenses.
  • Loss Making Quarter - GDEN only has one quarter of result to show since the merger. Excluding the recovery of impariment on notes receivable, GDEN did slightly worse than breakeven. While Montana's contribution, synergies and reduction of merger expenses will most likely case GDEN to report a profit next quarter, it is hard to gauge the upcoming earnings and the current P/E ratio of the company.
  • Large Float/Volume Ratio - GDEN has a float of over 7 million shares and an average daily volume of just 37,500 shares. The float is thus 200 times its daily volume. With this big ratio, it is difficult for the stocks to move up significantly without drastic increase in volume. However, the dollar value of the float is around 80 million dollars. Large institutions will be able to move this stock easily.



Potential trade setup



This is just the first week of the breakout, it is difficult to know what is happening next with this aggressively expanding company. All we can do now is to wait for a low risk entry, either when it retrace back to the magic line around the $11 level, or when it closes light and tight in the coming weeks.
 

Member
Joined
Jan 19, 2005
Messages
3,248
Tokens
earnings may 4th

~Golden Entertainment Becomes Second Largest Distributed Gaming Operator in Montana Upon Closing Second Acquisition

Golden Entertainment, Inc. 5 hours ago












LAS VEGAS--(BUSINESS WIRE)--



Golden Entertainment, Inc. (GDEN) (“Golden” or the “Company”) today announced it has completed its previously announced deal to acquire its second distributed gaming business in Montana. The acquisition included substantially all of the assets of Amusement Services, LLC (“Amusement Services”), including approximately 1,800 gaming devices located in nearly 180 retail locations across the state, including five Native American properties with contracts that comprise approximately 350 gaming devices.
“We have tremendous momentum right now, and are beginning to demonstrate our scale and mobility as we now become the second largest distributed gaming operator in Montana,” said Blake L. Sartini, II, Senior Vice President of Distributed Gaming at Golden. “The acquisition of such an incredibly talented team, combined with our previous acquisition, will immediately establish Golden with a large and growing footprint in Montana, enabling us to provide our market-leading product and service.”
Management expects the acquisition to be immediately accretive to the Company’s earnings per share. Post-acquisition, Golden now operates nearly 3,000 gaming devices in Montana across approximately 300 locations, securing its spot as the second largest distributed gaming operator in the state. Additionally, Golden remains the largest distributed gaming operator in Nevada and will operate more than 12,000 gaming devices in total, making it one of the largest distributed gaming operators in the country.
Tim Carson, Co-Founder and President of Amusement Services, has joined Golden as the Vice President of Montana Operations, helping to ensure an effective management transition and operational continuity. The Company funded the approximately $25 million acquisition through available borrowings under its revolving credit facility. https://finance.yahoo.com/news/golden-entertainment-becomes-second-largest-123000568.html
 

Member
Joined
Jan 19, 2005
Messages
3,248
Tokens
New all time highs for the stock. Golden Entertainment, Inc. (GDEN)

-

12.68
up_g.gif
0.18(1.44%) 4:00PM EDT

Not too late, think we are heading over twenty , and they still haven't declared date for the big dividend


Golden Entertainment Announces First Quarter 2016 Results





– Reports Combined Adjusted EBITDA up 15% –
– Completes Second Acquisition in Montana –
Key Highlights and Recent Developments



  • Net revenues for the three months ended March 31, 2016 were $91.0 million, compared to $12.8 million in the prior year quarter, with the increase due primarily to the Merger. Net revenues for the current quarter increased 7.4% compared to unaudited Combined Net Revenues of the Company and Sartini Gaming of $84.8 million in the prior year quarter.
  • Adjusted EBITDA for the three months ended March 31, 2016 was $10.5 million, compared to less than $0.1 million in the prior year quarter, with the increase due primarily to the Merger. Adjusted EBITDA for the current quarter increased 14.5% compared to the unaudited Combined Adjusted EBITDA of the Company and Sartini Gaming of $9.2 million in the prior year quarter.
  • For the quarter ended March 31, 2016, net income was $2.2 million, or $0.10 per diluted share, compared to a net loss of $1.7 million, or $0.13 per diluted share, in the prior year quarter.
  • On March 25, 2016, the Company amended its credit agreement to increase the size of the revolving credit facility from $40 million to $50 million, and to provide for the borrowing of an additional $40 million in aggregate principal amount of senior secured term loans.
  • In January 2016, the Company completed the acquisition of approximately 1,000 gaming devices from a distributed gaming operator in the state of Montana, as well as certain non-gaming assets and the right to operate within certain locations, for total consideration of approximately $20.1 million.
  • In April 2016, the Company completed its acquisition of assets from a second distributed gaming operator in Montana, Amusement Services, LLC, that included approximately 1,800 gaming devices, nearly 500 amusement devices and 50 ATMs, along with certain other non-gaming assets and the right to operate within certain locations, for total consideration of approximately $25.0 million.
“The year is off to a great start with first quarter results highlighted by Combined Adjusted EBITDA growth of 15%. We are also excited about our entry into a new market with our Montana acquisitions,” said Blake L. Sartini, Chief Executive Officer of Golden Entertainment. “Our distributed gaming business, the largest in Nevada, now the second largest in Montana, and overall one of the largest in the country, sets us apart. Together with our 2,700 team members, we are building on our market-leading positions to enhance long-term growth and are demonstrating mobility and proficiency in acquiring and enhancing operations as a means to create shareholder returns

http://finance.yahoo.com/news/golden-entertainment-announces-first-quarter-200200046.html





 

Member
Joined
Jan 19, 2005
Messages
3,248
Tokens
look for GDEN to be added to the Russell in the next few weeks . Index buying could be a huge boost for this thin stock
 

Member
Joined
Jan 19, 2005
Messages
3,248
Tokens
qJ_xupmilPx9nip2ebIpklcWiztqewYmdaucB1y-rPSIQ5wn17VWmu3J4A-Y6QEsQ1nCQPNYk85nDG5rQxcB3cezGiD-EU5ncl5v_56NbxuiziYqUpsj9-8=s0-d-e1-ft

Monday – May 30, 2016

Home-Grown Empire
:
PT’s Pubs to Open its “50th” New Gambling Restaurant Location
-9era0xTU3ZGcCGC3Prj6_2qcr7lwh7JYrjlXZdH2F4o6ea_tKJarmKtCWzXJxbNybsQ77U4Gl-HXrZU_zZDV_cKmILnTOgCDvDHsGCaG34pcxPY_qK5SaYJSZKTmUHwymxoygHSbWyp8wrBjtwvK8NAHZZppV19CYM_bzvdm-xpm78E4Iv8FEoS=s0-d-e1-ft

GOLDEN is Opening their “50th” PUB with GAMBLING OPTIONS
By: Jesse Granger
In 1982, twin brothers Phil and Tom Boeckle opened a quaint, modest pub on the east side of town, where
St. Louis Avenue becomes Palm Street.
The unassuming brick building was a place for people to enjoy a frosty beer, shoot some pool and unwind
from the day.
Above the clay tile overhang was a sign reading — “PT’s Pub.”
34 years later.. The PT’s Pub name is synonymous with pub-style drinking and gambling in Las Vegas.PT’s Pubs, is now part of Golden Entertainment Inc… and has become the #1 tavern chain in Nevada

and recently opened its 50th location recently near the new Ikea store at Sunset Road and Durango Drive.
There are PT’s Pubs and affiliated brands from Reno to Henderson… Including Sierra Gold, PT’s Ranch, Sean Patrick’s Irish Pub

and a PT’s Brewing Co.
The multimillion-dollar business is almost unrecognizable from its inception in 1982.
5VmhGjXLz1_truRqefVLdY5t67cuTkv5fr78yoeJHwONuFA0DcCmqBv8p_Iq5Vg0JzZPuIClStrgnQnEBnUClXnAfGy4nHaKwt1sH6nRCxvj-bLUc6HEQ4ndpU399LuEbnFEc5CKJSXKvRc987lUIy4woWAmT25yWRrzb1WZZkiisTVEu5qI9A2SVWcdCQolhWF98HBKYw0plCd36I7iVuX-_Xyy252gILrKG2rxs1yBkjaIjcIms_-b2bPbeRzfO040Wh8Y7UhIBFQb7diJqN2Myn3iz9GhUOG8ZltSemOt0Ls5A_w=s0-d-e1-ft

“Back then, there were like six of us,” said Gary Berger, who bartended at the original PT’s. Berger had worked for Phil and Tom

at a sandwich shop before turning 21, then helped them open the pub.
“It was your mom-and-pop kind of operation…. We were kind of flying by the seat of the pants, learning as we were going.”
When the Boeckles hired Berger, he didn’t even fill out an application. They found out he was of age and threw him behind the bar
that same day. He was promoted to manager after two years tending bar.
“It was as basic as it gets,” he recalled. “I used to hand write my employees’ paychecks.”
Berger moved up to regional manager before taking over the PT’s on Rampart and Lake Mead boulevards, where he has remained

for the past 24 years.
“Back then, and to this day, we have been a pretty tight-knit family, especially with my employees at my location,” Berger said.

“They are like my family, my brothers and sisters.”
The Boeckles expanded PT’s to 23 locations… Before selling the company to Blake Sartini -&- Golden Entertainment in 2002.
“When we bought them, they were very recognized here in town, but we saw something that showed us great potential to be much more

than they were,” said Golden Entertainment COO Steve Arcana, who joined the company in 2003.

“They were nice little neighborhood bars with a strong following, but more than anything, they had a great core of employees.”
In 2004, the first Sierra Gold opened in Reno, giving patrons a more affluent version of the pub and an expanded food menu.

The first Sierra Gold in Las Vegas opened the next year.
“It was a great benchmark for us,” Arcana said. “When we opened that location, it really put us on the map.

Everyone said ‘That’s really not just your average bar.’ ”
It was the same year Golden Entertainment built its first two pubs from the ground up.
“It was a great moment for us,” Arcana said. “We built them basically from dirt, and that was really a great accomplishment.”
In 2012, the first PT’s Ranch swung open its doors on Pebble Road and Eastern Avenue.

The 7,000 square-foot, western-themed bar serves a special Southwest menu and cowboy-inspired cocktails.
The 50th location is a PT’s Ranch with even more bells and whistles than others in the chain.

A grand opening is scheduled for June 9 with live music, discounted appetizers and specials on drinks and gaming.
“It is incredibly rewarding for myself and our company, to see the grand opening of our 50th tavern,” Arcana said.

“Because of the immense popularity of our brands in the southern Nevada community, in addition to our commitment in

delivering exceptional service and a quality product, PT’s has morphed into a household name.”
While continuing to broaden the PT’s footprint, the company also is planning a key expansion of its menus…

(GOLDEN) will soon begin offering PT’s home-brewed beers at every location (50+ of them) across the Las Vegas valley.
PT’s Brewing Company.. Opened this year on Tenaya Way, and company officials said it had been a Hit.

The location brews nine signature house beers, most of which are named for local streets like:

Sahara Pale Ale and Durango Double Pale Ale among them.
PT’s plans to add two more locations by the end of the year… Arcana says the (GOLDEN) company wants to “build or acquire”

a half-dozen.. (6) locations every year… going forward.
“Phil and Tom’s goal was to get bigger and keep growing the business, and when they decided to sell and Blake took over, and he definitely

has the same motivation to continue to grow the business,” Berger said.
After 3 decades with PT’s and watching it grow into a giant, Berger says he still loves working for the company as much as he did when he

started pouring drinks on Palm Street.
“We are a very well-rounded business, and I have a lot of confidence in the company,” Berger said.

“It’s been a great ride, and I’ve enjoyed the entire thing.”
REFERENCE LINK:
http://goo.gl/dWnoQP
 

Member
Joined
Jan 19, 2005
Messages
3,248
Tokens
I should have said 1 day away, not days

Golden Entertainment Declares Special Cash Dividend Estimated to be $1.71 Per Eligible Share

Golden Entertainment, Inc. 1 hour ago






LAS VEGAS--(BUSINESS WIRE)--



Golden Entertainment, Inc. (GDEN) (“Golden” or the “Company”) announced today that its Board of Directors declared a special cash dividend of an aggregate of approximately $23.5 million, payable on July 14, 2016 to eligible shareholders of record as of the close of business on June 30, 2016 (“Record Date”). The Company estimates that the special cash dividend payable to eligible shareholders will be $1.71 per common share, based on 13,750,489 eligible shares currently outstanding. The Company will calculate and announce the final per share amount of the special dividend promptly following the Record Date by dividing the aggregate amount of the special dividend, by the number of outstanding shares of common stock held by eligible shareholders on the close of business on the Record Date, and rounding the amount down to the nearest whole cent per share.
Background to Special Dividend
The decision to declare a special dividend was a result of the previously disclosed sale by the Company of its $60.0 million subordinated promissory note from the Jamul Indian Village (the “Jamul Note”) for $24.0 million in cash.
Under the terms of the Company’s January 2015 merger agreement with Sartini Gaming, Inc. (“Sartini Gaming”), the Company agreed that the proceeds received from the sale of the Jamul Note, net of related costs, would be distributed in a cash dividend to its shareholders holding shares as of the record date for such dividend, other than shareholders that have waived their right to receive such dividend. Sartini Gaming’s former sole shareholder, for itself and any related party transferees of its shares, waived their right to receive such dividend with respect to their shares (which total 7,996,393 shares in the aggregate), subject to receipt of a private letter ruling from the IRS (which was recently issued by the IRS), unless their shares are sold to an unaffiliated third party prior to the Record Date. Also in connection with the Sartini Gaming merger, holders of an additional 457,172 shares waived their right to receive such dividend, unless their shares are sold to an unaffiliated third party prior to the Record Date.
All of the shareholders who waived their rights to the special dividend have informed the Company that they do not intend to sell their shares prior to the Record Date. The Company’s estimated special dividend amount of $1.71 per share assumes that none of the shares subject to the waiver are sold and settled prior to the Record Date and that none of the 452,743 vested, in-the-money options to purchase Company common stock are exercised prior to the Record Date.
Related Quotes



  • GDEN12.27-1.60%
Golden Entertainment, Inc. Watchlist

12.27-0.20(1.60%)
NASDAQFri, Jun 17, 2016 4:00 PM EDT




More








As is customary, anti-dilutive adjustments to the exercise prices of outstanding options were approved by the Board of Directors and the Compensation Committee, effective as of the special dividend payment date, in accordance with the Company’s equity incentive plans approved by the Company’s shareholders. http://finance.yahoo.com/news/golden-entertainment-declares-special-cash-100000631.html
 

Member
Joined
Sep 20, 2004
Messages
4,478
Tokens
so if you buy this stock by June 30 you will receive $1.71 per share?
 

Member
Joined
Jan 19, 2005
Messages
3,248
Tokens
1.2 million shares traded today . Obviously this was index buying taking lots of supply off the market that wont be for sale

Gden very active looking for accretive acquisitions

Very bullish this name
 

Member
Joined
Jan 19, 2005
Messages
3,248
Tokens
Dividend will be in accts July 14th . Expecting a push higher right up and through earnings
 

Member
Joined
Jan 19, 2005
Messages
3,248
Tokens
Payday today . With the div , stock closed over 14 in total value

Big institutional buyer underneath the market I'm told

Hopefully , they pay up
 

Forum statistics

Threads
1,108,973
Messages
13,456,118
Members
99,443
Latest member
oilumiun12
The RX is the sports betting industry's leading information portal for bonuses, picks, and sportsbook reviews. Find the best deals offered by a sportsbook in your state and browse our free picks section.FacebookTwitterInstagramContact Usforum@therx.com