Golden Entertainment - M&A Summary and Business Overview

GamingCompany

Golden Entertainment M&A Summary

Golden Entertainment has acquired 3 companies. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

Golden Entertainment’s largest acquisition to date was in 2017, when it acquired American Casino & Entertainment Properties for $850M. It’s largest disclosed sale occurred in 2022, when it sold Rocky Gap Casino Resort & Golf to VICI Properties for $260M. Golden Entertainment has acquired in 2 different US states. The Company’s most targeted sectors include gaming (67%) and distribution (34%).

Golden Entertainment Business Overview

Where is Golden Entertainment headquartered?

Golden Entertainment is headquartered in Las Vegas, Nevada.

What is Golden Entertainment’s revenue?

Golden Entertainment disclosed revenue of 1,097M USD for 2021 and 694M USD for 2020.

How many employees does Golden Entertainment have?

Golden Entertainment has 6,700 employees.

What sector is Golden Entertainment in?

Golden Entertainment is a gaming company.

When was Golden Entertainment founded?

Golden Entertainment was founded in 1998.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity3
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 2

Golden Entertainment

Golden Entertainment, Inc.

6595 South Jones Boulevard,
Las Vegas, Nevada 89118
United States,
(702) 893-7777
www.goldenent.com

Golden Entertainment owns and operates gaming properties across two divisions – distributed gaming and resort and casino operations. Golden Entertainment operates more than 12,000 gaming devices and over 30 table games in Nevada, Maryland and Montana. The Company owns four casino properties, 50 taverns and operates approximately 980 distributed gaming locations in Nevada, Maryland and Montana. Golden Entertainment was founded in 1998 and is based in Las Vegas, Nevada.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 3 - - - - - 3
vol $850M $850M
Sell (0.2/yr) # - - - 1 - - 1
vol $260M $260M
  4

Most Recent M&A

Company Date Value Type
Rocky Gap Casino, Resort & Golf 2022-08-25 260M USD Divestiture
Flintstone, Maryland · www.rockygapresort.com
American Casino & Entertainment Properties LLC 2017-10-23 850M USD Add-on Acquisition
Las Vegas, Nevada · www.acepllc.com
Amusement Services LLC 2016-04-19 - Add-on Acquisition
Billings, Montana · www.amusementservices.biz
Sartini Gaming, Inc. (Golden Gaming) 2015-08-03 - Merger
Las Vegas, Nevada · www.goldengaminginc.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Gaming 2 (67%) 850M (100%) - -
Distribution 1 (33%) - - -
Leisure - - 1 (100%) 260M (100%)
Total 3 $850M 1 $260M

By Geo

State/Country Buy Value Sell Value
United States 3 850M 1 260M
  Nevada 2 850M - -
  Montana 1 - - -
  Maryland - - 1 260M
Total 3 $850M 1 $260M

Top M&A Advisors

Financial Deals
Macquarie Capital
 1
Legal Deals
Gray, Plant, Mooty, Mooty & Bennett PA
 1

Deal Values

buy # Total
$100M to $1B 1 $850M
TOTAL $850M
Largest American Casino & Entertainment Properties LLC
$850M (2017-10-23)
sell # Total
$100M to $1B 1 $260M
TOTAL $260M
Largest Rocky Gap Casino, Resort & Golf
$260M (2022-08-25)

M&A Connections

Deals
Acquired from
Investor(s)
33%
1 (33%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Gaming

Revenue

1,097   59% 2021
694   29% 2020
973   15% 2019
852   68% 2018
510   27% 2017
403   128% 2016
177   222% 2015
55   45% 2014
38   280% 2013
10   2012
(millions of USD) Show More Show Less

Employees

6,700

Established

1998

Public

NASDAQ: GDEN

Former Name

Lakes Entertainment, Inc.

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