Golden Entertainment Q1 revenue up 2% to $278.1M; net income $11.6M; strategic divestitures announced

NEW ROYAL HOLDCO I INC.

2023-Q1 EPS reported $0.38 revenue$278,051,000

Q1 revenue $278.1M (+2% YoY); net income $11.6M ($0.38 diluted EPS) vs $36.1M ($1.12) in Q1 2022.
Adjusted EBITDA $62.2M, down from $67.3M in prior year, due to elevated costs.
Announced sale of Nevada and Montana distributed gaming businesses, expected close by year end.
Opened one new gaming tavern in April; agreed to acquire six additional taverns.
Initiated renovation of 537 rooms and pool at The STRAT, expected completion in Q2.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NEW ROYAL HOLDCO I INC. reported the first quarter ended March 31, 2023 results: revenue $278.1 million, net income $11.6 million, or $0.38 per fully diluted share.

Period: the first quarter ended March 31, 2023
Revenue: $278.1 million
Net income: $11.6 million, or $0.38 per fully diluted share
Result: reported results

Exact text from the filing

Revenues of $278.1 million for the first quarter of 2023 increased 2% from $273.6 million for the first quarter of 2022. Net income for the first quarter of 2023 was $11.6 million, or $0.38 per fully diluted share, compared to net income of $36.1 million, or $1.12 per fully diluted share, for the first quarter of 2022.

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Source: SEC EDGAR

accession 0001071255-23-000051

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