Added to YB: 2025-11-24
Pitch date: 2025-11-19
GDEN [bullish]
Golden Entertainment, Inc.
+0.61%
current return
Author Info
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Company Info
Golden Entertainment, Inc. owns and operates a diversified entertainment platform in the United States.
Market Cap
$762.7M
Pitch Price
$29.35
Price Target
N/A
Dividend
3.43%
EV/EBITDA
7.10
P/E
143.00
EV/Sales
1.89
Sector
Hotels, Restaurants and Leisure
Category
special_situation
Golden Entertainment: PropCo OpCo Split, Insufficient MBO Offer
GDEN: PropCo-OpCo split w/ VICI buying RE at 7.5% cap vs TPCA paid 9.1% in 2018; Sartini's MBO at ~1x EBITDA vs Eldorado paid 6.6x for similar TPCA OpCo; Taverns alone worth $25M EBITDA at 3-4x = entire MBO price; Activists pushing for separation; Go-shop ends 12/5, minimal downside.
Read full article (3 min)