Golden Entertainment
| Public | |
| Traded as | NASDAQ: GDEN |
| Industry | Gaming |
| Predecessor |
|
| Founded | 2015 |
| Headquarters | Enterprise, Nevada |
|
Key people
|
Blake Sartini (CEO) |
| Brands | PT's |
| Owner |
|
|
Number of employees
|
2,500 (2015) |
| Website | goldenent |
Golden Entertainment is a gaming company based in Enterprise, Nevada that operates casinos, taverns, and slot routes. It was formed in 2015 by the merger of Golden Gaming (founded in 2001 by Blake Sartini) and Lakes Entertainment. It is the largest tavern operator and largest slot route operator in Nevada.
Golden Gaming was formed in October 2001 as a result of Blake L. Sartini's acquisition of Southwest Gaming Services, a company he founded before selling to Station Casinos.
In 2002, the Golden Tavern Group subsidiary was formed, and it acquired the PT's chain of taverns.
In 2004, the company acquired its three casinos in Black Hawk, Colorado: the Golden Gates, Golden Gulch, and Golden Mardi Gras.
On July 5, 2006 Golden Gaming announced plans to acquire the Pahrump Nugget Hotel & Gambling Hall from Generation 2000. The sale received approve from the Gaming Commission on October 19, 2006.
In February 2007, Golden began a two-year deal to operate the casino at the Hard Rock Hotel while its new owner, Morgans Hotel Group, applied for a gaming license. Golden paid $20.7 million a year to lease the casino, and received a $3.3 million monthly management fee, plus a portion of revenue. Golden pulled out of the deal early when Morgans received its gaming license in January 2008, citing a desire to focus on its other operations.
Golden Gaming agreed in November 2007 to buy the Saddle West casino in Pahrump from Anthony Marnell III and Sher Gaming, but canceled the deal the following June, deciding instead to focus on the Pahrump Nugget, where it began an $11 million expansion and remodeling.
In 2010, Golden Gaming agreed to take over operation of four small casinos owned by The Siegel Group, previously operated by United Coin: the Gold Spike, Siegel Slots and Suites, the Resort on Mount Charleston, and Rumor.
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