secwatch.observer — SEC 8-K summary
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Issuer:     NEW ROYAL HOLDCO I INC. (GDEN)
CIK:        0001071255
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001071255-23-000051
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1071255/000107125523000051/0001071255-23-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1071255/000107125523000051/gden-20230510.htm
  HTML page:      https://secwatch.observer/filing/0001071255-23-000051

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer