{"id":282430,"date":"2023-07-25T10:42:07","date_gmt":"2023-07-25T15:42:07","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=282430"},"modified":"2023-07-25T11:33:32","modified_gmt":"2023-07-25T16:33:32","slug":"golden-entertainment-stock-compelling-story-says-analyst","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/golden-entertainment-stock-compelling-story-says-analyst\/","title":{"rendered":"Golden Entertainment Interesting Casino Stock Story, Says Analyst"},"content":{"rendered":"

Shares of Golden Entertainment (NASDAQ: GDEN) are higher by 16% year to date, and the Strat operator could have more in store for investors.<\/p>\n

\"Golden
Golden Entertainment’s Strat Las Vegas. An analyst says the stock is an interesting story. (Image: OnTheStrip.com<\/em>)<\/figcaption><\/figure>\n

That\u2019s the sentiment of B. Riley analyst David Bain, who in a new report to clients highlighted Golden as one of the more compelling names among gaming equities. He added that the firm could become a shareholder rewards story pending the finalization of the sale of Rocky Gap Casino Resort<\/a> in Flintstone, Md. That transaction could close as soon as this week.<\/p>\n

We believe GDEN remains one of the better stories in gaming \u2014 hedged with land ownership and near peer-low net leverage to play offense in a lower macro environment or to repurchase shares more aggressively and pay dividends in a better one,\u201d<\/strong> noted Bain. \u201cWe believe post closing of its Rocky Gap casino sale, GDEN will announce new return of capital initiatives.\u201d<\/strong><\/p><\/blockquote>\n

Las Vegas-based Golden hasn\u2019t made an official announcement regarding shareholder rewards. But if it does, it would join an increasingly lengthy list of gaming companies committing to buybacks and dividends<\/a>. Bain rates the stock a \u201cbuy\u201d with a $70 price target, implying upside of 71.2% from the July 24 close.<\/p>\n

Strat: Near-Term Pain, Long-Term Gain<\/h2>\n

The Strat is Golden\u2019s flagship property, and the operator is currently enhancing that venue. Bain points out there have been minor construction-related disruptions at the property, but those issues are in the rearview mirror.<\/p>\n

\n

The analyst pared his second-quarter earnings before interest, taxes, depreciation, and amortization (EBITDA) estimate on Golden to $62 million from $65 million. That’s to account for hiccups at the Strat. But he added the disruptions can be seen as, \u201csacrifice two million to get ten million.\u201d<\/p>\n<\/div>\n

One way of looking at that commentary is that with Las Vegas’ convention business rebounding, and with a slew of marquee events coming to Sin City in the months ahead, the renovated Strat positions Golden<\/a> to benefit, and potentially attract a higher tier of customer.<\/p>\n

\u201c2Q LV earnings commentary should showcase a positive 3Q\/4Q convention outlook and event calendar. While forward Strip gross gaming revenue (GGR) comps are elevated, casino represents under 35% of most major Strip casinos,\u201d observed Bain. \u201cThe growing Las Vegas flywheel of events\/ attractions in an experiential economy continues to increase the quantity and quality of patrons both near and longer term.\u201d<\/p>\n

Other Catalysts for Golden Entertainment<\/h2>\n

Beyond broader Las Vegas vibrancy and the Strat renovations, Golden has other potential tailwinds, some of which could be highlighted by management when the operator delivers second-quarter results on July 31.<\/p>\n

Those include ongoing efforts to reduce leverage and continued share repurchases, both of which the company has proven proficient at in recent quarters.<\/strong><\/p>\n

It\u2019s also possible management will provide an update on the Colorado Belle Casino Resort in Laughlin, Nev., which has been closed since early 2020<\/a>. But that remains to be seen. Golden operates two other casino hotels in that market, and could opt to sell the Belle to raise additional capital.<\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of Golden Entertainment (NASDAQ: GDEN) are higher by 16% year to date, and the Strat operator could have more in store for investors. That\u2019s the sentiment of B. Riley analyst David Bain, who in a new report to clients highlighted Golden as one of the more compelling names among gaming equities. He added that […]<\/p>\n","protected":false},"author":46,"featured_media":238623,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,81886],"tags":[81897,81903,23],"acf":[],"yoast_head":"\nGolden Entertainment Stock Compelling Story, Says Analyst<\/title>\n<meta name=\"description\" content=\"Golden Entertainment one of the more attractive casino equity stories, says analyst.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Golden Entertainment Stock Compelling Story, Says Analyst\" \/>\n<meta property=\"og:description\" content=\"Golden Entertainment one of the more attractive casino equity stories, says analyst.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/golden-entertainment-stock-compelling-story-says-analyst\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-25T15:42:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-25T16:33:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/strat.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/golden-entertainment-stock-compelling-story-says-analyst\/\",\"url\":\"https:\/\/www.casino.org\/news\/golden-entertainment-stock-compelling-story-says-analyst\/\",\"name\":\"Golden Entertainment Stock Compelling Story, Says Analyst\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/golden-entertainment-stock-compelling-story-says-analyst\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/golden-entertainment-stock-compelling-story-says-analyst\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/strat.jpg\",\"datePublished\":\"2023-07-25T15:42:07+00:00\",\"dateModified\":\"2023-07-25T16:33:32+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Golden Entertainment one of the more attractive casino equity stories, says analyst.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/golden-entertainment-stock-compelling-story-says-analyst\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/golden-entertainment-stock-compelling-story-says-analyst\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/golden-entertainment-stock-compelling-story-says-analyst\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/strat.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/strat.jpg\",\"width\":1500,\"height\":1000,\"caption\":\"Golden Entertainment's Strat Las Vegas. An analyst says the stock is an interesting story. (Image: OnTheStrip.com)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/golden-entertainment-stock-compelling-story-says-analyst\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Financial\",\"item\":\"https:\/\/www.casino.org\/news\/financial\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Golden Entertainment Interesting Casino Stock Story, Says Analyst\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Golden Entertainment Stock Compelling Story, Says Analyst","description":"Golden Entertainment one of the more attractive casino equity stories, says analyst.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Golden Entertainment Stock Compelling Story, Says Analyst","og_description":"Golden Entertainment one of the more attractive casino equity stories, says analyst.","og_url":"https:\/\/www.casino.org\/news\/golden-entertainment-stock-compelling-story-says-analyst\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2023-07-25T15:42:07+00:00","article_modified_time":"2023-07-25T16:33:32+00:00","og_image":[{"width":1500,"height":1000,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/strat.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/golden-entertainment-stock-compelling-story-says-analyst\/","url":"https:\/\/www.casino.org\/news\/golden-entertainment-stock-compelling-story-says-analyst\/","name":"Golden Entertainment Stock Compelling Story, Says Analyst","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/golden-entertainment-stock-compelling-story-says-analyst\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/golden-entertainment-stock-compelling-story-says-analyst\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/strat.jpg","datePublished":"2023-07-25T15:42:07+00:00","dateModified":"2023-07-25T16:33:32+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"Golden Entertainment one of the more attractive casino equity stories, says analyst.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/golden-entertainment-stock-compelling-story-says-analyst\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/golden-entertainment-stock-compelling-story-says-analyst\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/golden-entertainment-stock-compelling-story-says-analyst\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/strat.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/strat.jpg","width":1500,"height":1000,"caption":"Golden Entertainment's Strat Las Vegas. An analyst says the stock is an interesting story. (Image: OnTheStrip.com)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/golden-entertainment-stock-compelling-story-says-analyst\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Financial","item":"https:\/\/www.casino.org\/news\/financial\/"},{"@type":"ListItem","position":3,"name":"Golden Entertainment Interesting Casino Stock Story, Says Analyst"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.","sameAs":["https:\/\/muckrack.com\/todd-shriber","https:\/\/www.linkedin.com\/in\/toddshriber\/","https:\/\/x.com\/etfgodfather"],"url":"https:\/\/www.casino.org\/news\/author\/todd-shriber\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/282430"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=282430"}],"version-history":[{"count":2,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/282430\/revisions"}],"predecessor-version":[{"id":282440,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/282430\/revisions\/282440"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/238623"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=282430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=282430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=282430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}