earnings
confidence high
sentiment negative
materiality 0.80
Golden Entertainment Q3 revenue $279M, net income $14M; sells Rocky Gap for $260M
NEW ROYAL HOLDCO I INC.
2022-Q3 EPS reported
$2.25
revenue$842,009,000
- Revenue $279.0M (-1% YoY); net income $14.0M ($0.45 diluted EPS) vs $29.1M ($0.91) prior year; Adj. EBITDA $61.1M (-17% YoY).
- Nevada Casino Resorts revenue $98.9M (down from $104.4M); Adj. EBITDA margin 30% vs 38%.
- Rocky Gap sale for $260M: Century Casinos acquires ops ($56.1M), VICI Properties land ($203.9M); close Q2 2023.
- Repaid $25M term loan; total debt $940.2M; cash & equivalents $177.7M; no revolver borrowings.
- Share repurchase authorization increased to $75M on Nov 1, 2022 (had $27.5M remaining).