Golden Entertainment has shared its financial report for the three- and 12-month periods ending December 31, 2024, revealing a fall in revenue.
Total revenue for the quarter was US$164.2m, down from $230.7m year-on-year. Net income for the quarter, however, was $3m, up from a loss of $9.4m year-on-year which reflected an asset impairment charge of $12.1 million related to the Colorado Belle Casino Resort, the operations of which remain suspended.
Q4 2024 adjusted EBITDA was $39.2m, compared to adjusted EBITDA of $48.8m for Q4 2023.
Looking at the whole of the year, total revenue was $666.8m, down from $1.1bn in 2023. Net income for the year was $50.7m, or $1.71 per fully diluted share, compared to $255.8m, or $8.31 per fully diluted share, for 2023.
Full year 2024 adjusted EBITDA was $155.4m, compared to adjusted EBITDA of $222.5m for 2023.
“Our fourth quarter performance improved sequentially over the third quarter, and we anticipate business conditions will continue to improve in 2025,’ said Blake Sartini, chairman and CEO of Golden Entertainment.
“For 2025, we remain focused on investing in our own assets, returning capital to shareholders and pursuing potential strategic opportunities.”
