Golden Entertainment Declares $0.25 Quarterly Dividend Ahead of Privatization
Golden Entertainment (NASDAQ: GDEN), a Las Vegas-based casino and gaming operator, authorized a $0.25 per share quarterly dividend payable April 1. The move comes as the company prepares to delist and go private.
Golden Entertainment Inc. (NASDAQ: GDEN), a Las Vegas-based casino and gaming operator, authorized a $0.25 per share quarterly cash dividend on February 24, 2026. The dividend will be paid April 1, 2026 to shareholders of record as of March 18, 2026. Read more dividend announcements.
The dividend matches the company's prior quarterly payout of $0.25 per share, which was paid January 6, 2026. The board's authorization comes as Golden Entertainment proceeds with a transaction to sell its operating assets and certain casino real estate, a deal that will result in delisting and privatization.
| Dividend Details | Value |
|---|---|
| Amount | $0.25 per share |
| Record Date | March 18, 2026 |
| Payment Date | April 1, 2026 |
| Frequency | Quarterly |
Fourth Quarter and Full Year 2025 Results
Golden Entertainment reported fourth quarter 2025 revenues of $155.6 million, down from $164.2 million in the prior-year period. The company posted a net loss of $8.5 million, or $0.33 per share, compared to net income of $3.0 million, or $0.10 per diluted share, in the fourth quarter of 2024. Adjusted EBITDA fell to $33.5 million from $39.2 million.
For the full year 2025, revenues totaled $634.9 million compared to $666.8 million in 2024. The company recorded a net loss of $6.0 million, or $0.23 per share, versus net income of $50.7 million, or $1.71 per diluted share, in 2024. The full-year loss included a $10.2 million loss on asset disposal. Full year adjusted EBITDA was $140.0 million compared to $155.4 million in 2024.
Debt and Liquidity
As of December 31, 2025, Golden Entertainment had $438.7 million in total debt outstanding, consisting primarily of $390.0 million in term loans and $45.0 million drawn on its revolving credit facility. The company held $55.3 million in cash and had $195.0 million of availability under its revolver.
On January 28, 2026, the company repaid $8.0 million under its revolving credit facility, increasing available borrowing capacity to $203.0 million.
Pending Privatization
The company announced November 6, 2025 that it would sell its operating assets to Blake L. Sartini, the company's chairman and CEO, and affiliates. Seven casino real estate assets will be sold to VICI Properties Inc. Upon completion, Golden Entertainment's common stock will no longer be listed and the company will become a private entity. The company did not host an earnings call this quarter due to the pending transaction.