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Golden Entertainment, Inc. is an American gaming company based in Enterprise, Nevada that operates casinos and taverns. It was formed in 2015 by the merger of Golden Gaming (founded in 2001 by Blake Sartini ) and Lakes Entertainment .
The Edgewater has 57,457 square feet (5,337.9 m 2) of gaming space with 755 slot machines, 20 table games, and a race and sports book (Laughlin's largest). [10] [11] The casino has a players' club program that is shared with the Colorado Belle and the Aquarius, TRUE Rewards.
The company changed its name to Lakes Entertainment to reflect its involvement in the WPT and potentially other non-casino businesses. [10] Lakes sold off a portion of the WPT through an initial public offering in 2004, but retained majority ownership. [11] In 2008, Lakes spun off WPT, distributing its remaining shares to shareholders. [12]
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Golden Entertainment (GDEN) delivered earnings and revenue surprises of 128.57% and 3.81%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
It was purchased by Golden Entertainment in October 2017 for $850 million. [1] ACEP was a casino holding company headquartered at the Stratosphere Las Vegas . [ 2 ] [ 3 ] ACEP was a wholly owned subsidiary of American Real Estate Partners before it was sold to Whitehall Street Real Estate Funds, an investment arm of Goldman Sachs , in February ...
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