Golden Entertainment is betting that stepping away from public markets will pay off with something valuable in today’s gaming environment: time.
Days after the Las Vegas-based operator finalized a $1.16 billion triple-net master lease deal involving real estate investment trust Vici Properties Inc., company Executive Vice President and COO Blake Sartini II said the transaction marks a strategic reset designed to eliminate the constraints of quarterly earnings cycles and refocus leadership on long-term execution.
The simplest explanation, he said, is that returning Golden Entertainment to its roots as a privately-operated entity was the best way to serve its customers, many of whom reside in Southern Nevada.
