Golden Ent exceeds expectations despite 69.4% Q2 revenue drop
Golden Entertainment said results since reopening “have exceeded expectations”, despite a 69.4% drop in revenue to $76.0m in the three months to 30 June and losses increasing to $78.6m.
Casinos made up $39.4m of Golden Entertainment’s revenue, down 75.2%, while distributed gaming venues, mostly consisting of other locations with slot machines, brought in $36.3m, down 59.3%
Gaming was the largest source of revenue, bringing in $56.7m, but this was down 61.4%.
Food and beverage revenue fell 80.9% to $10.2m while room revenue fell 83.1% to $6.0m while other revenue dropped 77.9% to $3.1m.