NEW ROYAL HOLDCO I INC. completed a disposition for $2.75 per share (closed 2026-04-30).
“New HoldCo distributed a dividend, as declared and paid by New HoldCo, in an amount equal to $2.75 per share to New HoldCo’s shareholders as of the Closing Date (the “ Distribution ”)”
M&A Transactions
NEW ROYAL HOLDCO I INC. completed a disposition involving Argento, LLC (closed 2026-04-30).
“OpCo Buyer acquired 100% of the equity interests of New OpCo (the “ OpCo Sale ”)”
M&A Transactions
NEW ROYAL HOLDCO I INC. underwent a change of control involving VICI Properties Inc. for 0.902 (closed 2026-04-30).
“issued and outstanding immediately prior to the Effective Time was converted into the right to receive a number of fully paid and nonassessable PropCo Buyer Shares equal to 0.902 with cash paid in lieu of fractional shares (the “ Exchange Ratio ”, and such merger, the “ Merger ,” and together with the PropCo Distribution, the Distribution, the Pre-Closing”
Viktoryia G. Pulliam was appointed as Senior Vice President and Chief Accounting Officer at NEW ROYAL HOLDCO I INC..
“Effective as of the Transition Date, the Company has appointed Viktoryia G. Pulliam as the Company’s Senior Vice President and Chief Accounting Officer.”
Thomas E. Haas retired as Senior Vice President and Chief Accounting Officer at NEW ROYAL HOLDCO I INC..
“On March 14, 2025, Mr. Thomas E. Haas, age 64, who has served as Golden Entertainment, Inc.’s (the “Company”) Senior Vice President and Chief Accounting Officer since March 2020, informed the Company of his decision to retire effective March 21, 2025 (the “Transition Date”).”
Anthony A. Marnell III resigned as Director at NEW ROYAL HOLDCO I INC..
“On May 13, 2024, Mr. Anthony A. Marnell III, who has been a director of Golden Entertainment, Inc. (the “Company”) since 2019, informed the Company of his decision to resign from the Company’s Board of Directors (the “Board”).”
Earnings Releases
NEW ROYAL HOLDCO I INC. reported first quarter ended March 31, 2024 results: revenue $174.0 million, net income $42.0 million, EPS $1.37 per fully diluted share.
“In the quarter, the Company reported first quarter revenue of $174.0 million, net income of $42.0 million and Adjusted EBITDA of $41.0 million.”
Material Agreements
NEW ROYAL HOLDCO I INC. terminated Indenture with Wilmington Trust, National Association valued at $287 million (effective 2024-04-15).
“On April 15, 2024, Golden Entertainment, Inc. (the “Company”) redeemed and repaid in full all of its 7.625% Senior Unsecured Notes due April 15, 2026 (“2026 Unsecured Notes”), issued as of April 15, 2019 (as amended, supplemented or otherwise modified, the “Indenture”), by and between the Company, the guarantors party thereto and Wilmington Trust, National Association, a national banking association, as trustee (the “Trustee”). The Company’s payment to the Trustee under the Indenture was $287 million, which includes principal and interest and satisfies all of the Company’s obligations under the 2026 Unsecured Notes.”
Stephen A. Arcana was appointed as Chief Development Officer at NEW ROYAL HOLDCO I INC..
“Stephen A. Arcana, age 59, ceased serving as the Company’s Executive Vice President and Chief Operating Officer and was appointed as the Company’s Chief Development Officer.”
Blake L. Sartini II was appointed as Executive Vice President and Chief Operating Officer at NEW ROYAL HOLDCO I INC..
“Blake L. Sartini II, age 38, was appointed as the Company’s Executive Vice President and Chief Operating Officer.”
Earnings Releases
NEW ROYAL HOLDCO I INC. reported the year ended December 31, 2023 results: revenue $1.1 billion, net income net income of $255.8 million, EPS $8.31 per fully diluted share.
“For both the full year 2023 and 2022, revenues were $1.1 billion. Net income for the full year 2023 was $255.8 million, or $8.31 per fully diluted share”
Earnings Releases
NEW ROYAL HOLDCO I INC. reported the quarter ended December 31, 2023 results: revenue $230.7 million, net income net loss of $9.4 million, EPS loss of $0.33 per share.
“Fourth quarter 2023 revenues were $230.7 million, compared to $279.7 million for the fourth quarter of 2022. Net loss for the fourth quarter of 2023 was $9.4 million, or a loss of $0.33 per share”
M&A Transactions
NEW ROYAL HOLDCO I INC. completed a disposition involving J&J Ventures Gaming of Nevada, LLC for $213.5 million (closed 2024-01-10).
“On January 10, 2024, Golden Entertainment, Inc. (the “Company”) completed the sale of its distributed gaming operations in Nevada to J&J Ventures Gaming of Nevada, LLC (“J&J Nevada”) for cash consideration of $213.5 million, subject to adjustments, pursuant to the previously announced Membership Interest Purchase Agreement”
Earnings Releases
NEW ROYAL HOLDCO I INC. reported third quarter ended September 30, 2023 results: revenue $257.7 million, net income $241.2 million, EPS $7.83 per fully diluted share.
“Third quarter 2023 revenues were $257.7 million, compared to $279.0 million for the third quarter of 2022. Net income for the third quarter of 2023 was $241.2 million, or $7.83 per fully diluted share, compared to net income of $14.0 million, or $0.45 per fully diluted share, for the third quarter of 2022.”
Earnings Releases
NEW ROYAL HOLDCO I INC. reported second quarter ended June 30, 2023 results: revenue $286.7 million, net income $12.3 million, EPS $0.40 per fully diluted share.
“GOLDEN ENTERTAINMENT REPORTS 2023 SECOND QUARTER RESULTS; DECLARES SPECIAL CASH DIVIDEND OF $2.00 PER SHARE – Second quarter revenue of $286.7 million, net income of $12.3 million and Adjusted EBITDA of $58.4 million”
M&A Transactions
NEW ROYAL HOLDCO I INC. completed a disposition involving Century Casinos, Inc. and VICI Properties, L.P. for $260 million (closed 2023-07-25).
“On July 25, 2023, Golden Entertainment, Inc. (the “Company”) completed the sale of the Rocky Gap Casino Resort (“Rocky Gap”) to Century Casinos, Inc. (“Century”) and VICI Properties, L.P. (“VICI”), an affiliate of VICI Properties Inc., for aggregate cash consideration of $260 million, subject to adjustments, pursuant to the previously announced Equity Purchase Agreement with Century and VICI, and Real Estate Purchase Agreement with VICI (collectively, the “Purchase Agreements”).”
Debt Financings
NEW ROYAL HOLDCO I INC. amended revolving credit of $240 million with JPMorgan Chase Bank, N.A., as administrative agent at Term SOFR rate for the applicable interest period plus a credit spread adjustmen maturing earlier of May 26, 2028 and the Springing Maturity Date.
“an extension of the maturity date of the existing $240 million revolving credit facility under the Credit Facility from April 20, 2024 to the earlier of May 26, 2028 and the Springing Maturity Date”
Debt Financings
NEW ROYAL HOLDCO I INC. incurred term loan of $400 million with JPMorgan Chase Bank, N.A., as administrative agent at Term SOFR rate for the applicable interest period plus a credit spread adjustmen maturing earlier of May 26, 2030 and the Springing Maturity Date.
“a new senior secured term loan B-1 credit facility in the amount of $400 million with a maturity date of the earlier of May 26, 2030 and the Springing Maturity Date, which was fully drawn at closing”
Material Agreements
NEW ROYAL HOLDCO I INC. amended Second Amendment to First Lien Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent valued at $400 million (effective 2023-05-26).
“On May 26, 2023, Golden Entertainment, Inc. (the “Company”) entered into the Second Amendment to First Lien Credit Agreement (the “Second Amendment”), by and among the Company, the subsidiary guarantors party thereto, the lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent (the “Agent”).”
Shareholder Votes
NEW ROYAL HOLDCO I INC. shareholders approved To Ratify the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the year ended December 31, 2023. at the 2023-05-25 meeting.
“Proposal 3: To Ratify the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the year ended December 31, 2023. Votes For Votes Against Votes Withheld Broker Non-Votes 25,030,045 80,999 6,178 — The forgoing Proposal 3 was approved.”
Shareholder Votes
NEW ROYAL HOLDCO I INC. shareholders approved To approve, on a non-binding advisory basis, the compensation of the Company’s named executive officers as disclosed in the proxy statement for the Annual Meeting. at the 2023-05-25 meeting.
“Proposal 2: To approve, on a non-binding advisory basis, the compensation of the Company’s named executive officers as disclosed in the proxy statement for the Annual Meeting. Votes For Votes Against Votes Withheld Broker Non-Votes 19,470,557 3,871,844 5,223 1,769,598 The forgoing Proposal 2 was approved.”
Shareholder Votes
NEW ROYAL HOLDCO I INC. shareholders approved Election of Directors at the 2023-05-25 meeting.
“Proposal 1: Election of Directors Votes For Votes Withheld Broker Non-Votes Blake L. Sartini 23,133,406 214,218 1,769,598 Andy H. Chien 22,842,859 504,765 1,769,598 Ann D. Dozier 21,381,327 1,966,297 1,769,598 Mark A. Lipparelli 22,931,346 416,278 1,769,598 Anthony A. Marnell III 22,628,406 719,218 1,769,598 Terrance L. Wright 21,988,842 1,358,782 1,769,598 Each of foregoing directors was elected.”
Earnings Releases
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.
“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.”
Material Agreements
NEW ROYAL HOLDCO I INC. entered into Membership Interest Purchase Agreement (the "Montana Purchase Agreement") with J&J Ventures Gaming of Montana, LLC valued at approximately $109.0 million in cash plus an estimated $5.0 million of purchased cash (effective 2023-03-03).
“(ii) a Membership Interest Purchase Agreement (the “Montana Purchase Agreement,” and together with the Nevada Purchase Agreement, the “Purchase Agreements”) with J&J Ventures Gaming of Montana, LLC (“J&J Montana”)”
Material Agreements
NEW ROYAL HOLDCO I INC. entered into Membership Interest Purchase Agreement (the "Nevada Purchase Agreement") with J&J Ventures Gaming of Nevada, LLC valued at approximately $213.5 million in cash plus an estimated $34.0 million of purchased cash (effective 2023-03-03).
“On March 3, 2023, Golden Entertainment, Inc. (“Golden”) and certain of its subsidiaries entered into (i) a Membership Interest Purchase Agreement (the “Nevada Purchase Agreement”) with J&J Ventures Gaming of Nevada, LLC (“J&J Nevada”)”
Earnings Releases
NEW ROYAL HOLDCO I INC. reported fourth quarter ended December 31, 2022 results: revenue $279.7 million, net income $11.1 million, EPS $0.35 per fully diluted share.
“Revenues of $279.7 million for the fourth quarter of 2022 declined 1% from $282.0 million for the fourth quarter of 2021. Net income for the fourth quarter of 2022 was $11.1 million, or $0.35 per fully diluted share”
Earnings Releases
NEW ROYAL HOLDCO I INC. reported financial results for three and nine months ended September 30, 2022.
“On November 3, 2022, Golden Entertainment, Inc. issued a press release announcing its financial results for the three and nine months ended September 30, 2022.”
Earnings Releases
NEW ROYAL HOLDCO I INC. reported third quarter ended September 30, 2022 results: revenue $279.0 million, net income $14.0 million, EPS $0.45 per fully diluted share.
“Third quarter revenue of $279.0 million, net income of $14.0 million and Adjusted EBITDA of $61.1 million”
Andy H. Chien was appointed as director at NEW ROYAL HOLDCO I INC..
“Effective April 11, 2022, the Board of Directors (the “Board”) of Golden Entertainment, Inc. (the “Company”) appointed Andy H. Chien as a director of the Board”
Lyle A. Berman retired as Director at NEW ROYAL HOLDCO I INC..
“On August 20, 2021, Lyle A. Berman, a director on the Board of Directors (the “Board”) of Golden Entertainment, Inc. (the “Company”), notified the Company that he intends to retire from the Board effective immediately.”
Robert L. Miodunski retired as Director at NEW ROYAL HOLDCO I INC..
“On August 6, 2021, Robert L. Miodunski, a director on the Board of Directors (the “Board”) of Golden Entertainment, Inc. (the “Company”), notified the Company that he intends to retire from the Board effective immediately.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.