Have you heard of Golden Entertainment? Golden entertainment owns the Stratosphere Casino. It is a beautiful place to stay.
It seems like they want gaming opportunities in Pennsylvania. Are you familiar with the Pennsylvania casinos? The Sands Bethlehem is my favorite.
Golden Entertainment is getting into a new gaming market.
The Governor signs a casino bill. Above all, this allows 10 PA casinos. There may be room for Golden Entertainment.
The new law legalized daily fantasy sports. Did it legalize online gambling? Did it help create the sports betting framework?
The CEO Blake Sartin asks a question. The question is about Pennsylvania gambling. Did you know what he answered? He discuss the third quarter earnings of Golden Entertainment.
“This is a golden opportunity. Golden Entertainment will not let go. Pennsylvania is a nice place to do our business,” said the CEO.
Golden Route Operations is a subsidiary of Golden entertainment. It the largest gaming software in the U.S.
They own operate several gaming devices. They are close to 980 locations. Find them in Montana and Nevada.
Golden Route CEO said they will not waste time in Pennsylvania. This is very strange. They wish that space was available as early as yesterday.
At least you can tell the readiness of this gaming company. This is a good thing to see from Golden Entertainment. They are ready from their website.
The company has agreed with Apple Vending. They provide video arcade equipment. They also focus on gaming tools. Apple Vending says they are providing entertainment machines.
Golden Entertainment Wants To Move Into PA Casino Industry
The new gambling law is different. It states where Pennsylvania revenue comes from. Golden Entertainment wants to profit on this.
The state allows revenue from gaming facilities. They Distribute across between the state. They are fine through terminal operators.
Golden Entertainment is a part of the Las Vegas Strip. They bought The Stratosphere in June 2016. Hence, they paid 850 million dollars.
The Stratosphere is the tallest structure in Vegas. I love going there when I go to Las Vegas. Have you been to the Stratosphere?
Golden Entertainment has 3 divisions. Also, the gaming company runs several taverns. They operate across Nevada and several Maryland casinos.
Golden Entertainment may succeed expanding their business. Gambling in Pennsylvania is ripe. Pennsylvania needs vigorious gaming companies.
They are a public company on the stock market. Their stock symbol is GDEN. Golden Entertainment is on the NASDAQ for $31.07.
First of all, they appear to be a profitable stock. Furthermore, their company has good earnings. As a result, find them on the NASDAQ.
The group operates more than casinos. Also, they have taverns and slot machine routes. Hence, Golden Entertainment came on the scene in 2015.
Golden Gaming and Lakes Entertainment merged. Blake Sartini opened Lakes Entertainment in 2001. This company has grown.
Most importantly, Golden Entertainment owns 7 Nevada casinos. Also, they own one casino in Maryland. The state of Maryland is not far.
Is this the reason they want to expand to Pennsylvania? There are a lot of casinos In PA. What will make theirs different?
Above all, Golden Entertainment made progressive fast. As a result, In 2002, they opened the Golden Tavern Group. Hence, this includes the PT’s chain of taverns.