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Golden Entertainment Inc (GDEN)



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Upturn Advisory Summary
08/14/2025: GDEN (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $33.14
1 Year Target Price $33.14
5 | Strong Buy |
1 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -41.68% | Avg. Invested days 24 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 661.28M USD | Price to earnings Ratio 44.35 | 1Y Target Price 33.14 |
Price to earnings Ratio 44.35 | 1Y Target Price 33.14 | ||
Volume (30-day avg) 7 | Beta 1.84 | 52 Weeks Range 22.47 - 34.88 | Updated Date 08/15/2025 |
52 Weeks Range 22.47 - 34.88 | Updated Date 08/15/2025 | ||
Dividends yield (FY) 3.88% | Basic EPS (TTM) 0.57 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Earnings Date
Report Date 2025-08-07 | When - | Estimate 0.16 | Actual 0.17 |
Profitability
Profit Margin 2.35% | Operating Margin (TTM) 7.33% |
Management Effectiveness
Return on Assets (TTM) 2.43% | Return on Equity (TTM) 3.11% |
Valuation
Trailing PE 44.35 | Forward PE 57.47 | Enterprise Value 1125383155 | Price to Sales(TTM) 1.02 |
Enterprise Value 1125383155 | Price to Sales(TTM) 1.02 | ||
Enterprise Value to Revenue 1.73 | Enterprise Value to EBITDA 8.55 | Shares Outstanding 26158200 | Shares Floating 19054966 |
Shares Outstanding 26158200 | Shares Floating 19054966 | ||
Percent Insiders 27.13 | Percent Institutions 71.4 |
Upturn AI SWOT
Golden Entertainment Inc

Company Overview
History and Background
Golden Entertainment, Inc. (GDEN) was founded in 1998. It operates casinos, taverns, and distributed gaming in Nevada and Maryland. The company has grown through acquisitions and organic expansion.
Core Business Areas
- Casino Operations: This segment includes casino properties with hotel rooms, restaurants, bars, and entertainment venues. Key offerings include slot machines, table games, and race and sports wagering.
- Distributed Gaming: This segment involves the installation, maintenance, and operation of gaming devices in non-casino locations such as taverns, convenience stores, and grocery stores.
- Taverns: This segment owns and operates a chain of branded taverns primarily in the Las Vegas, Nevada area. These taverns typically include gaming, bars and restaurants.
Leadership and Structure
Blake Sartini is the Chairman and Chief Executive Officer. The organizational structure includes executive leadership overseeing casino operations, distributed gaming, finance, and other key functions.
Top Products and Market Share
Key Offerings
- Slot Machines: Slot machines are a major revenue driver in the casinos. Market share data specific to slot machines is difficult to determine. Competitors include IGT, Aristocrat Leisure, and Scientific Games. Revenue attributed to slot machines can be determined by reviewing segment information in the company's financial reporting.
- Table Games: Table games include blackjack, craps, roulette, and poker. Market share data specific to table games is hard to determine on a national scale. Competitors vary by geographic market. Revenue attributed to table games can be determined by reviewing segment information in the company's financial reporting.
- Distributed Gaming Machines: Gaming machines placed in taverns, convenience stores and similar locations. This is primarily in Nevada. Competitors include Accel Entertainment and J&J Ventures Gaming.
Market Dynamics
Industry Overview
The gaming industry is competitive and regulated, influenced by economic conditions, consumer spending, and regulatory changes. Increased legalization of online gaming poses both a threat and opportunity.
Positioning
Golden Entertainment is positioned as a regional gaming operator focused on Nevada and Maryland. Its distributed gaming operations provide a stable revenue stream. Their competitive advantage is their focus on local, neighborhood gaming in the Vegas region
Total Addressable Market (TAM)
The US gaming market is estimated to be around $100 billion. Golden Entertainment focuses on Nevada and Maryland. Given their geographic concentration and specific segments (casinos, taverns, distributed gaming), the TAM they directly address is likely in the low single-digit billions. GDEN is positioned with established presence.
Upturn SWOT Analysis
Strengths
- Established presence in Nevada market
- Diversified revenue streams (casino, distributed gaming, taverns)
- Strong local brand recognition in certain markets
- Experienced management team
- Focus on local customer base
Weaknesses
- Geographic concentration in Nevada and Maryland
- Vulnerability to regional economic downturns
- Higher reliance on gaming revenue than some peers
- Smaller scale compared to national casino operators
- Limited exposure to online gaming
Opportunities
- Expansion into new geographic markets
- Growth in distributed gaming operations
- Development of online gaming platforms
- Strategic acquisitions of smaller gaming operators
- Increased focus on non-gaming amenities (e.g., entertainment, dining)
Threats
- Increased competition from larger casino operators
- Economic downturns impacting consumer spending
- Regulatory changes affecting gaming operations
- Rise of online gaming cannibalizing brick-and-mortar revenue
- Changes in consumer preferences
Competitors and Market Share
Key Competitors
- Boyd Gaming Corporation (BYD)
- Red Rock Resorts, Inc. (RRR)
- Penn Entertainment, Inc. (PENN)
Competitive Landscape
Golden Entertainment competes with larger, national casino operators. Its competitive advantage lies in its regional focus and distributed gaming operations. It needs to compete with strong offerings that the bigger casinos have access to, particularly as Vegas is now one of the world's most popular travel destinations.
Major Acquisitions
American Casino & Entertainment Properties LLC
- Year: 2017
- Acquisition Price (USD millions): 850
- Strategic Rationale: Expanded Golden Entertainment's presence in the Las Vegas market.
Growth Trajectory and Initiatives
Historical Growth: Requires historical revenue and earnings data to analyze past growth trends.
Future Projections: Requires analyst estimates to provide forward-looking growth projections.
Recent Initiatives: Recent initiatives include upgrading casino properties and expanding distributed gaming operations. The company is also focused on improving operational efficiency.
Summary
Golden Entertainment has strengths in Nevada and distributed gaming, which gives it a diversified portfolio. Its smaller size and geographic concentration create vulnerabilities. It can look to increase online revenues to offset any impact from the growth in online gaming. Investors should keep an eye on economic trends which impact gaming activities and Golden Entertainment's ability to keep up with the larger players in the market. Recent acquisitions and strategic initiatives have positioned the company for continued growth.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC Filings (10-K, 10-Q)
- Company Website
- Analyst Reports
- Industry Publications
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market share estimates are approximate and may vary based on different sources. Financial data requires specific periods to be fully accurate.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Golden Entertainment Inc
Exchange NASDAQ | Headquaters Las Vegas, NV, United States | ||
IPO Launch date 1999-01-04 | Chairman of the Board & CEO Mr. Blake L. Sartini Sr. | ||
Sector Consumer Cyclical | Industry Resorts & Casinos | Full time employees 5300 | Website https://www.goldenent.com |
Full time employees 5300 | Website https://www.goldenent.com |
Golden Entertainment, Inc. and its wholly-owned subsidiaries own and operate a diversified entertainment platform, consisting of a portfolio of gaming assets that focus on casino and branded tavern operations. The Company's portfolio comprises eight casino properties located in Nevada and 72 branded taverns targeting local patrons located primarily in the greater Las Vegas, Nevada metropolitan area. Unless otherwise indicated, the term the "Company" refers to Golden Entertainment, Inc. together with its subsidiaries. As of March 31, 2025, the Company conducted its business through three reportable segments: Nevada Casino Resorts, Nevada Locals Casinos and Nevada Taverns.

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