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Through its distributed gaming business in Nevada and Montana, Golden Entertainment operates slot machines at over 1, locations and owns nearly 60 traditional taverns in Nevada. The Company believes Adjusted EBITDA provides useful information to both management and investors by excluding specific expenses and gains that the Company believes are not indicative of core operating results.
Planning an event in Laughlin? The actual booking amount will be charged in USD.
Business, Other Amenities Featured amenities include a computer station, express check-out, and a hour front desk. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release may not occur.
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This hotel has facilities measuring square feet square metersincluding a conference center. Including expected cost synergies and cash acquired, the purchase price is expected to represent an implied trailing twelve months adjusted EBITDA multiple of 6.
The Company does not intend to update publicly any forward-looking statements except as required by law. The Company operates approximately 16, gaming devices, table games, 5, hotel rooms, and provides jobs for over 7, team members. This casino hotel is 0.
The transaction is consistent with our strategy to grow our business in an accretive manner for shareholders and Golden is uniquely positioned to benefit immediately from cost synergies related to the acquisition of these properties. Although the Company believes that its expectations are based on reasonable assumptions within the bounds of its knowledge of its business, there can be no assurance that actual results will not differ materially from our expectations.
Breakfast is available for a fee. The Company is licensed in Illinois to operate video gaming terminals. Over the past several years, Marnell Gaming has taken their expertise and created a significant hotel, casino and entertainment presence in Laughlin, and we are excited to build on these well positioned properties.
Wrap up your day with a drink at the poolside bar. Further, Adjusted EBITDA is a measure of operating performance used by management, as well as industry analysts, to evaluate operations and operating performance and is widely used in the gaming industry. The Company expects the acquisition to be cash flow positive and immediately accretive to operating results.
Free valet parking is available onsite. View source version on businesswire. Complimentary wireless Internet access keeps you connected, and cable programming is available for your entertainment.
Follow us on Facebook and Twitter for travel tips, inspiration, and photos from around the world. Golden Entertainment owns eight resort casinos — seven in Southern Nevada and one in Maryland. The presentation of this additional information is not meant to be considered in isolation or as a substitute for measures of financial performance prepared in accordance with GAAP.
Amenities Try your luck at the casino and enjoy other recreational amenities including a nightclub and an outdoor pool. The properties also feature eleven restaurants and dedicated entertainment venues including the Laughlin Event Center. Golden Entertainment is focused on maximizing the value of its portfolio by leveraging its scale, leadership position and proven management capabilities across its two divisions.
When combined, these three properties will be situated on 55 contiguous acres along the heart of the Laughlin Riverwalk. Rooms Make yourself at home in one of the air-conditioned rooms featuring flat-screen televisions. About Golden Entertainment, Inc. For more information, visit www.
The Laughlin Event Center is an outdoor arena with 12, seats and hosts multiple headline concerts and other events throughout the year. The Fine Print Hotel Cancellation Policy Please select dates and room to view cancellation policy The room rates listed are for double occupancy per room unless otherwise stated and exclude tax recovery charges and service fees.
The purchase price will be based on an 8.