This provides us a unique opportunity to reward our customers across a range of activities from a Strip experience to a local tavern happy hour. With the largest location network of any casino loyalty program in the industry, Golden now offers a unified rewards program across our casino, tavern and third-party operations. “True Rewards, our new loyalty program, has been introduced across more than 140 of our casino resorts and distributed locations which will give us new opportunities to drive customer retention and wallet share. The Strat is now positioned to better service its existing customers as well as compete for future customers. We have been able to make all of these renovations with an investment of approximately $110 million. In addition, we have made significant upgrades to our F&B offerings, created new experiences in the iconic SkyPod, added award-winning entertainment and completely updated the property’s exterior. With almost 600 rooms now remodeled, we have updated approximately 25% of the hotel’s room base and will continue regular room updates as part of our ongoing capital plan. In the fourth quarter we completed the renovations of the main casino, the front desk and the VIP check in, as well as the remodel of an additional 126 rooms. Since beginning our remodel mid-2018, we have created an entirely new and modern guest experience at the property. “During the fourth quarter, we focused on completing our renovations and rebranding initiatives for The Strat. The strong operating results reflect contributions from the Laughlin properties that we acquired last January as well as year-over-year growth at all of our other properties and distributed gaming operations.
In the fourth quarter, total revenue rose approximately 15% and Adjusted EBITDA increased more than 25%.
#Golden records entertainment full
(NASDAQ:GDEN) (“Golden Entertainment”, “Golden” or the “Company”) today reported financial results for the fourth quarter and full year ended December 31, 2019.īlake Sartini, Chairman and Chief Executive Officer of Golden Entertainment, commented, “Golden generated record fourth quarter revenue and Adjusted EBITDA as we again achieved growth across our Casinos and Distributed Gaming operations.
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