Golden Entertainment (GDEN) 10-K 28 Feb 25 2024 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Dec. 31, 2024	Feb. 17, 2025	Jun. 30, 2024
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2024
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	000-24993
Entity Registrant Name	GOLDEN ENTERTAINMENT, INC.
Entity Incorporation, State or Country Code	MN
Entity Tax Identification Number	41-1913991
Entity Address, Address Line One	6595 S Jones Boulevard
Entity Address, City or Town	Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89118
City Area Code	702
Local Phone Number	893-7777
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	GDEN
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction	false
Entity Shell Company	false
Entity Public Float			$ 673,194,822
Entity Common Stock, Shares Outstanding (in shares)		26,511,007
Documents Incorporated by Reference	Portions of the Proxy Statement for the registrant’s 2025 annual meeting of shareholders, to be filed with the Securities and Exchange Commission within 120 days after the registrant’s year ended December 31, 2024, are incorporated by reference into Part III of this Annual Report on Form 10-K where indicated. Except with respect to information specifically incorporated by reference in this Annual Report on Form 10-K, the Proxy Statement is not deemed to be filed as part hereof.
Entity Central Index Key	0001071255
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Amendment Flag	false

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Audit Information [Abstract]
Auditor Name	Deloitte & Touche LLP	Ernst & Young LLP	Ernst & Young LLP
Auditor Location	Las Vegas, NV	Las Vegas, NV	Las Vegas, NV
Auditor Firm ID	34	42	42

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 57,725	$ 157,550
Accounts receivable, net of allowance for credit losses of $97 and $696 at December 31, 2024 and 2023, respectively	13,176	16,951
Prepaid expenses and other	24,883	22,573
Inventories	8,008	8,097
Assets held for sale	0	204,271
Total current assets	103,792	409,442
Property and equipment, net	750,894	786,145
Operating lease right-of-use assets, net	78,467	79,396
Goodwill	86,540	84,325
Intangible assets, net	53,387	53,935
Deferred income tax assets	0	29,508
Other assets	6,826	9,532
Total assets	1,079,906	1,452,283
Current liabilities
Current portion of long-term debt and finance leases	5,308	4,596
Current portion of operating leases	15,128	13,745
Accounts payable	21,692	18,702
Income tax payable	12,344	42,055
Accrued payroll and related	16,878	21,406
Accrued liabilities	29,637	34,639
Liabilities related to assets held for sale	0	39,233
Total current liabilities	100,987	174,376
Long-term debt, net and non-current finance leases	405,278	658,521
Non-current operating leases	78,328	81,325
Deferred income tax liabilities	20,915	0
Other long-term obligations	171	328
Total liabilities	605,679	914,550
Commitments and contingencies (Note 13)
Shareholders’ equity
Common stock, $.01 par value; authorized 100,000 shares; 26,511 and 28,669 common shares issued and outstanding at December 31, 2024 and 2023, respectively	265	287
Additional paid-in capital	481,810	475,970
(Accumulated deficit) retained earnings	(7,848)	61,476
Total shareholders’ equity	474,227	537,733
Total liabilities and shareholders’ equity	$ 1,079,906	$ 1,452,283

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Accounts receivable, allowance for credit losses	$ 97	$ 696
Common stock, par value (USD per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	26,511,000	28,669,000
Common stock, shares outstanding (in shares)	26,511,000	28,669,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenues
Other	$ 56,061	$ 71,791	$ 63,126
Total revenues	666,818	1,053,149	1,121,719
Expenses
Other	14,363	22,415	19,889
Selling, general and administrative	225,313	255,565	235,404
Depreciation and amortization	90,034	88,933	100,123
(Gain) loss on disposal of assets	(213)	(228)	934
Gain on sale of businesses	(69,238)	(303,179)	0
Preopening expenses	508	760	161
Impairment of assets	2,399	12,072	0
Total expenses	554,694	653,937	973,772
Operating income	112,124	399,212	147,947
Non-operating expense
Interest expense, net	(34,884)	(65,515)	(63,490)
Loss on debt extinguishment and modification	(4,446)	(1,734)	(1,590)
Total non-operating expense, net	(39,330)	(67,249)	(65,080)
Income before income tax provision	72,794	331,963	82,867
Income tax provision	(22,063)	(76,207)	(521)
Net income	$ 50,731	$ 255,756	$ 82,346
Weighted-average common shares outstanding
Basic (in shares)	28,184	28,653	28,662
Diluted (in shares)	29,699	30,781	31,514
Net income per share
Basic (USD per share)	$ 1.80	$ 8.93	$ 2.87
Diluted (USD per share)	$ 1.71	$ 8.31	$ 2.61
Gaming
Revenues
Revenues	$ 319,267	$ 674,301	$ 760,906
Expenses
Cost of goods and services sold	88,171	379,929	428,984
Food and beverage
Revenues
Revenues	171,925	182,408	175,363
Expenses
Cost of goods and services sold	138,278	135,373	131,863
Rooms
Revenues
Revenues	119,565	124,649	122,324
Expenses
Cost of goods and services sold	$ 65,079	$ 62,297	$ 56,414

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common stock	Additional Paid-in Capital	(Accumulated Deficit) Retained Earnings
Beginning balance (in shares) at Dec. 31, 2021		28,830
Beginning balance at Dec. 31, 2021	$ 319,541	$ 288	$ 477,829	$ (158,576)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of stock on options exercised and restricted stock units vested (in shares)		462
Issuance of stock on options exercised and restricted stock units vested	$ 35	$ 4	31
Repurchases of common stock (in shares)	(1,113)	(1,113)
Repurchases of common stock	$ (51,202)	$ (10)		(51,192)
Share-based compensation	12,880		12,880
Tax benefit from share-based compensation	(10,680)		(10,680)
Net income	82,346			82,346
Ending balance (in shares) at Dec. 31, 2022		28,179
Ending balance at Dec. 31, 2022	352,920	$ 282	480,060	(127,422)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of stock on options exercised and restricted stock units vested (in shares)		742
Issuance of stock on options exercised and restricted stock units vested	$ 8	$ 8
Repurchases of common stock (in shares)	(252)	(252)
Repurchases of common stock	$ (9,134)	$ (3)		(9,131)
Share-based compensation	12,812		12,812
Tax benefit from share-based compensation	(16,902)		(16,902)
Cash dividends paid	(57,727)			(57,727)
Net income	$ 255,756			255,756
Ending balance (in shares) at Dec. 31, 2023	28,669	28,669
Ending balance at Dec. 31, 2023	$ 537,733	$ 287	475,970	61,476
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of stock on options exercised and restricted stock units vested (in shares)		734
Issuance of stock on options exercised and restricted stock units vested	$ 3,159	$ 7	3,152
Repurchases of common stock (in shares)	(2,892)	(2,892)
Repurchases of common stock	$ (92,142)	$ (29)		(92,113)
Share-based compensation	10,044		10,044
Tax benefit from share-based compensation	(7,356)		(7,356)
Cash dividends paid	(21,306)			(21,306)
Dividend payable	(6,636)			(6,636)
Net income	$ 50,731			50,731
Ending balance (in shares) at Dec. 31, 2024	26,511	26,511
Ending balance at Dec. 31, 2024	$ 474,227	$ 265	$ 481,810	$ (7,848)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities
Net income		$ 50,731	$ 255,756	$ 82,346
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		90,034	88,933	100,123
Non-cash lease (benefit) expense		(380)	(15)	165
Share-based compensation		10,044	12,812	12,880
Amortization of debt issuance costs and discounts on debt		2,208	4,073	4,093
(Gain) loss on disposal of assets		(213)	(228)	934
Gain on sale of businesses		69,238	303,179	0
Provision for credit losses		159	643	753
Deferred income taxes		50,423	(17,739)	(13,630)
Loss on debt extinguishment and modification		4,446	1,734	1,590
Impairment of assets		2,399	12,072	0
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable		4,168	(128)	(4,882)
Prepaid expenses, inventories and other current assets		(5,060)	11,991	(24,082)
Other assets		(1,063)	(609)	(4,307)
Accounts payable and other accrued expenses		(75,230)	53,503	(4,494)
Income tax payable, net		29,711	0	0
Other liabilities		(795)	(416)	(1,292)
Net cash provided by operating activities		92,344	119,203	150,197
Cash flows from investing activities
Purchase of property and equipment, net of change in construction payables		(49,900)	(85,877)	(51,419)
Acquisition of business, net of cash acquired		(7,250)	(10,000)	0
Proceeds from disposal of property and equipment		16	401	152
Proceeds from sale of businesses, net of cash sold		204,360	362,396	0
Net cash provided by (used in) investing activities		147,226	266,920	(51,267)
Cash flows from financing activities
Repayments of term loan		(4,000)	(577,000)	(75,000)
Issuance of new term loan		0	400,000	0
Proceeds from revolving credit facility		20,000	0	0
Repayments of senior notes		(276,453)	(59,008)	(39,524)
Repayments of notes payable		(661)	(2,092)	(512)
Principal payments under finance leases		(1,283)	(527)	(541)
Payment for debt extinguishment and modification costs		(6)	(8,175)	(12)
Tax withholding on share-based payments		(7,356)	(16,902)	(10,680)
Cash dividends paid		(21,306)	(57,727)	0
Proceeds from issuance of common stock, net of costs		7	8	4
Proceeds from exercise of stock options		3,152	0	31
Repurchases of common stock		(91,539)	(9,134)	(51,202)
Net cash used in financing activities		(379,445)	(330,557)	(177,436)
Change in cash and cash equivalents		(139,875)	55,566	(78,506)
Balance, beginning of period		197,600	142,034	220,540
Balance, end of period		57,725	197,600	142,034
Cash and cash equivalents
Cash and cash equivalents		57,725	157,550	136,889
Cash and cash equivalents included in assets held for sale		0	40,050	5,145
Balance, end of period		57,725	197,600	142,034
Supplemental cash flow disclosures
Cash paid for interest		42,499	66,896	58,900
Cash paid for income taxes, net (1)	[1]	9,220	38,676	19,706
Non-cash investing and financing activities
Assets acquired under finance lease obligations		3,631	0	0
Payables incurred for capital expenditures		1,996	2,194	5,386
Notes payable incurred for capital expenditures		0	3,571	0
Dividend payable		6,641	0	0
Loss on debt extinguishment and modification		4,446	1,734	1,590
Operating lease right-of-use assets obtained in exchange for lease obligations		$ 12,861	$ 8,531	$ 22,078
[1]Includes refunds received from income tax authorities.

Nature of Business and Basis of

Nature of Business and Basis of Presentation	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Nature of Business and Basis of Presentation	Nature of Business and Basis of Presentation Golden Entertainment, Inc. and its wholly-owned subsidiaries own and operate a diversified entertainment platform, consisting of a portfolio of gaming assets that focus on casino and branded tavern operations. The Company’s portfolio includes eight casino properties located in Nevada, as well as 72 branded taverns targeting local patrons located primarily in the greater Las Vegas, Nevada metropolitan area. Unless otherwise indicated, the terms “Golden” and the “Company” refer to Golden Entertainment, Inc. together with its subsidiaries. As of December 31, 2024, the Company conducted its business through three reportable segments: Nevada Casino Resorts, Nevada Locals Casinos, and Nevada Taverns. Each reportable segment was comprised of the following properties and operations: Reportable Segment Location Nevada Casino Resorts The STRAT Hotel, Casino & Tower (“The STRAT”) Las Vegas, Nevada Aquarius Casino Resort (“Aquarius”) Laughlin, Nevada Edgewater Casino Resort (“Edgewater”) Laughlin, Nevada Nevada Locals Casinos Arizona Charlie’s Boulder Las Vegas, Nevada Arizona Charlie’s Decatur Las Vegas, Nevada Gold Town Casino Pahrump, Nevada Lakeside Casino & RV Park Pahrump, Nevada Pahrump Nugget Hotel Casino (“Pahrump Nugget”) Pahrump, Nevada Nevada Taverns 72 branded tavern locations Nevada The Company completed the sales of Rocky Gap Casino Resort (“Rocky Gap”) on July 25, 2023 for aggregate cash consideration of $260.0 million, its distributed gaming operations in Montana on September 13, 2023 for cash consideration of $109.0 million plus working capital and other adjustments and net of cash transferred at closing, and its distributed gaming operations in Nevada on January 10, 2024 for cash consideration of $213.5 million plus working capital and other adjustments and net of cash transferred at closing. Prior to their sales, the results of the operations of Rocky Gap were presented in the Company’s Maryland Casino Resort reportable segment, and the results of the distributed gaming operations in Montana and Nevada were presented in the Company’s Distributed Gaming reportable segment. Refer to the discussion in “ Note 3 — Divestitures ” and “ Note 15 — Segment Information ” for further information.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the balance sheet date and reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Basis of Presentation The accompanying consolidated financial statements include the accounts of the Company and its subsidiaries. All material intercompany accounts and transactions have been eliminated in consolidation. Reclassifications were made to the Company’s prior period consolidated financial statements to conform to the current period presentation, where applicable. These reclassifications had no effect on previously reported net income. Cash and Cash Equivalents Cash and cash equivalents include cash on hand and in banks and highly liquid investments with original maturities of three months or less. As of December 31, 2024, the Company had $57.7 million in cash and cash equivalents. Although cash and cash equivalents balances may at times exceed the federal insured deposit limit, the Company believes such risk is mitigated by the quality of the institutions holding such deposits. Accounts Receivable Accounts receivable consist primarily of gaming, hotel and other receivables, net of allowance for credit losses. Accounts receivable are non-interest bearing and are initially recorded at cost. An estimated allowance for credit losses is maintained to reduce the Company’s accounts receivable to their expected net realizable value based on specific reviews of customer accounts, the age of such accounts, management’s assessment of the customer’s financial condition, historical and current collection experience and management’s expectations of future collection trends based on the current and forecasted economic and business conditions. Accounts are written off when management deems them to be uncollectible. Recoveries of accounts previously written off are recorded when received. Historically, the Company’s estimated allowance for credit losses has been consistent with such losses. Inventories Inventories consist primarily of food and beverage and retail items and are stated at the lower of cost or net realizable value. Cost is determined using the first-in, first-out and the average cost inventory methods. Assets Held for Sale The Company classifies assets as held for sale when a sale is probable, is expected to be completed within one year, and the asset group meets all of the accounting criteria to be classified as held for sale. The assets and liabilities of a disposal group classified as held for sale are presented separately in the asset and liability sections, respectively, of the consolidated balance sheets. The Company presents the major classes of assets and liabilities classified as held for sale separately in the notes to the consolidated financial statements. The Company ceases recording depreciation and amortization of the long-lived assets included in the sale upon classification as held for sale. Gains or losses associated with the disposal of assets held for sale are recorded within operating expenses. The disposal group classified as assets held for sale is measured at the lower of its carrying amount or fair value less cost to sell. The fair value of the disposal group is generally estimated based on comparable asset sales, solicited offers or a discounted cash flow model. The Company recognizes a loss, if necessary, to adjust the disposal group’s carrying amount to its fair value less cost to sell in the period in which the held for sale criteria are met. The carrying amount of the disposal group is adjusted in each reporting period for subsequent increases or decreases in its fair value less cost to sell, except that the adjusted carrying amount cannot exceed the carrying amount of the disposal group at the time it was initially classified as held for sale. Any gain or loss from the sale of the disposal group that was not previously recognized is recognized on the date of sale. In addition, the Company records any changes to the working capital requiring subsequent payments or receipts made within the measurement period against any gain or loss from the sale of the disposal group. The measurement period does not extend beyond one year from the closing date for the transaction. Property and Equipment Property and equipment is stated at cost less accumulated depreciation. Assets held under finance lease agreements are stated at the lower of the present value of the future minimum lease payments or fair value at the inception of the lease. Expenditures for major additions, renewals and improvements are capitalized while costs of routine repairs and maintenance are expensed when incurred. A significant amount of the Company’s property and equipment was acquired through business acquisitions and therefore, was initially recognized at fair value on the effective date of the applicable acquisition transaction. Depreciation of property and equipment is computed using the straight-line method over the following estimated useful lives: Building and improvements 10 - 40 years Furniture and equipment 3 - 15 years Leasehold improvements 2 - 15 years The Company reviews the carrying amounts of its long-lived assets, other than goodwill and indefinite-lived intangible assets, for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. Recoverability is evaluated by comparing the estimated future cash flows of the asset, on an undiscounted basis, to its carrying amount. If the undiscounted estimated future cash flows exceed the carrying amount, no impairment is indicated. If the undiscounted estimated future cash flows do not exceed the carrying amount, impairment is recorded based on the difference between the asset’s estimated fair value and its carrying amount. The estimation of fair value requires management to make critical estimates, judgments and assumptions, such as: the valuation methodology, the estimated future cash flows, the discount rate, future growth rates, operating margins and forecasted capital expenditures used to calculate the present value of such cash flows. Application of alternative estimates and assumptions could produce significantly different results, especially with regards to estimated future cash flows, as they are, by their nature, subjective and actual results may differ materially from such estimates. Cash flow estimates are unpredictable and inherently uncertain because they are based on the current regulatory, political and economic climates, recent operating information and projections. Such estimates could be negatively impacted by changes in federal, state or local regulations, economic downturns, competition, events affecting various forms of travel and access to our properties, and other factors. The Company’s long-lived asset impairment tests are performed at the reporting unit level. Sales and other disposals of property and equipment are recorded by removing the related cost and accumulated depreciation from the accounts with gains or losses on sales and other disposals recorded in the Company’s consolidated statements of operations. Goodwill and Indefinite-Lived Intangible Assets The Company tests its goodwill and indefinite-lived intangible assets for impairment annually during the fourth quarter of each year, and whenever events or circumstances indicate that it is more likely than not that impairment may have occurred. The Company’s indefinite-lived intangible assets are comprised of trade names acquired in a business combination. The fair value of the Company’s trade names is estimated using the relief from royalty method under the income approach at each of the reporting units. Indefinite-lived intangible assets are not amortized unless it is determined that an asset’s useful life is no longer indefinite. The Company periodically reviews its indefinite-lived assets to determine whether events and circumstances continue to support an indefinite useful life. If an indefinite-lived intangible asset no longer has an indefinite life, the asset is tested for impairment and is subsequently accounted for as a finite-lived intangible asset. When performing testing for impairment, the Company either conducts a qualitative assessment to determine whether it is more likely than not that the asset is impaired, or elects to bypass this qualitative assessment and perform a quantitative test. Under the qualitative assessment, the Company considers both positive and negative factors, including macroeconomic conditions, industry events, financial performance and other changes, and makes a determination of whether it is more likely than not that the fair value of goodwill is less than its carrying amount. If, after assessing the qualitative factors, the Company determines that it is more likely than not the asset is impaired, it then performs a quantitative test in which the estimated fair value of the reporting unit is compared to its carrying amount, including goodwill. Impairment testing for goodwill is performed at the reporting unit level. When performing the quantitative test, the Company estimates the fair value of each reporting unit using the expected present value of future cash flows along with value indications based on current valuation multiples of the Company and comparable publicly traded companies. The estimation of fair value requires management to make critical estimates, judgments and assumptions, such as: the valuation methodology, the estimated future cash flows for each of the reporting units, the discount rate, future growth rates and operating margins used to calculate the present value of such cash flows, current valuation multiple and multiples of comparable publicly traded companies, and royalty rate to be applied to valuation of our trade names. Application of alternative estimates and assumptions could produce significantly different results, especially with regards to estimated future cash flows, as they are, by their nature, subjective and actual results may differ materially from such estimates. Cash flow estimates are unpredictable and inherently uncertain because they are based on the current regulatory, political and economic climates, recent operating information and projections. Such estimates could be negatively impacted by changes in federal, state or local regulations, economic downturns, competition, events affecting various forms of travel and access to the Company’s properties, and other factors. If the Company’s estimates of future cash flows are not met or if there are changes in significant assumptions and judgments used in the estimation process, the Company may be required to record impairment charges in the future, whether in connection with its regular review procedures, or earlier, if an indicator of an impairment is present prior to such evaluation. Finite-Lived Intangible Assets The Company’s finite-lived intangible assets primarily represent assets related to its player relationships and non-compete agreements that were acquired in a business combination. Finite-lived intangible assets are amortized over their estimated useful lives using the straight-line method. The Company periodically evaluates the remaining useful lives of its finite-lived intangible assets to determine whether events and circumstances warrant a revision to the remaining period of amortization. The Company’s player relationships represent the value associated with its rated casino and branded tavern guests. The initial fair value of these intangible assets was determined using the income approach. The recoverability of the finite-lived intangible assets could be affected by, among other things, increased competition within the gaming industry, a downturn in the economy, and declines in customer spending, which could impact the expected future cash flows associated with the rated casino and branded tavern guests, declines in the number of customer visits which could impact the expected attrition rate of the rated casino and branded tavern guests, and erosion of operating margins associated with rated casino and branded tavern guests. Should events or changes in circumstances cause the carrying amount of a player relationships intangible asset to exceed its estimated fair value, the Company will recognize an impairment charge in the amount of the excess of the carrying amount over its estimated fair value. Business Combinations The Company allocates the business combination purchase price to tangible and identifiable intangible assets acquired and liabilities assumed based on their estimated fair values. The excess of the purchase price over those fair values is recorded as goodwill. The Company determines the fair value of identifiable intangible assets, such as player relationships and trade names, as well as any other significant tangible assets or liabilities. The fair value allocation methodology requires management to make assumptions and apply judgment to estimate the fair value of acquired assets and liabilities assumed. Management estimates the fair value of assets and liabilities primarily using discounted cash flows and replacement cost analysis. Provisional fair value measurements of acquired assets and liabilities assumed may be retrospectively adjusted during the measurement period. The measurement period ends once the Company is able to determine it has obtained all necessary information that existed as of the acquisition date or once the Company determines that such information is unavailable. The measurement period does not extend beyond one year from the acquisition date. Long-Term Debt Long-term debt is reported as the outstanding debt amount, net of unamortized debt issuance costs and debt discount. These include legal and other direct costs related to the issuance of debt and discounts granted to the initial purchasers or lenders of the Company’s debt instruments and are recorded as a direct reduction to the face amount of the Company’s outstanding long-term debt on the consolidated balance sheets. The debt discount and debt issuance costs are accreted to interest expense using the effective interest method or, if the amounts approximate the effective interest method, on a straight-line basis over the contractual term of the underlying debt. The amount amortized to interest expense was $2.2 million for the year ended December 31, 2024 and $4.1 million for each of the years ended December 31, 2023 and 2022. Leases The Company determines whether an arrangement is or contains a lease at inception or modification of a contract. An arrangement is or contains a lease if it conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The right to control the use of the identified asset means the lessee has both the right to obtain substantially all economic benefits from the use of the asset and the right to direct the use of the asset. Operating lease right-of-use (“ROU”) assets and liabilities are recognized at the commencement date for the arrangements with a term of 12 months or longer and are initially measured based on the present value of lease payments over the defined lease term. The measurement of the operating lease ROU assets also includes any prepaid lease payments made and is net of lease incentives. If the implicit interest rate to be applied to the determination of the present value of lease payments over the lease term is not readily determinable, the Company estimates the incremental borrowing rate based on the information available at the commencement date. The Company’s lease terms may include options to extend or terminate the lease. The Company assesses these options using a threshold of reasonably certain. For leases the Company is reasonably certain to renew, those option periods are included within the lease term and, therefore, the measurement of the ROU asset and lease liability. For operating leases, lease expense for lease payments is recognized on a straight-line basis over the lease term. For finance leases, the ROU asset depreciates on a straight-line basis over the shorter of the lease term or useful life of the ROU asset and the lease liability accretes interest based on the interest method using the discount rate determined at lease commencement. The Company is the lessor under non-cancelable operating leases for retail and food and beverage outlet space within its casino properties. The Company also enters into operating lease agreements with certain equipment providers for placement of amusement devices, gaming machines and automated teller machines within its casino properties and branded taverns. The lease arrangements generally include minimum base rent and/or contingent rental clauses based on a percentage of net sales exceeding minimum base rent. Revenue is recorded on a straight-line basis over the term of the lease. The Company recognizes revenue for contingent rentals when the contingency is resolved. Revenue Recognition Revenue from contracts with customers primarily consists of casino wagers, room sales, food and beverage transactions, rental income from the Company’s retail tenants, and entertainment sales. Casino gaming revenues are the aggregate of gaming wins and losses. The commissions rebated to premium players for cash discounts and other cash incentives to patrons related to gaming play are recorded as a reduction to casino gaming revenues. Gaming contracts include a performance obligation to honor the patron’s wager and typically include a performance obligation to provide a product or service to the patron on a complimentary basis to incentivize gaming or in exchange for points earned under the Company’s True Rewards® loyalty program. Prior to the sale of its distributed gaming business, the Company generally entered into two types of slot placement contracts: space lease agreements and participation agreements. Under space lease agreements, the Company paid a fixed monthly rental fee for the right to install, maintain and operate its slot machines at a business location and the Company was the sole holder of the applicable gaming license that allowed it to operate such slot machines. Under these agreements, the Company recognized all gaming revenue and recorded fixed monthly rental fees as gaming expense. Under participation agreements, the business location retained a percentage of the gaming revenue generated from the Company’s slot machines, and as a result both the business location and Golden were required to hold a state issued gaming license. Prior to the sale of its distributed gaming business, the Company concluded it maintained control of the services provided in the business directly before they are transferred to its customer and it considered its customer to be the gaming player since the Company controlled all aspects of the slot machines. The Company retained control over the slot machines placed at the business location’s premises by controlling the hold percentage, types of slot machines and games made available on such machines, physical access to the contents of the gaming devices, and the repair and servicing of the slot machines. Therefore, these agreements did not contain a lease under Accounting Standards Codification (“ASC”) 842 and were accounted for under ASC 606, Revenue from Contracts with Customers. The Company was considered to be the principal in these arrangements and recorded its share of revenue generated under participation agreements on a gross basis with the business location’s share of revenue recorded as gaming expenses. Subsequent to the sale of the Company’s distributed gaming operations in Nevada on January 10, 2024, the acquiring party owns and operates the slot machines placed at the Company’s branded taverns and remits a percentage of the net win from each location to the Company. As a result, the Company no longer acts as a principal but rather as an agent, whose performance obligation is to arrange for the provision of the specified good or service by the acquiring party. Accordingly, the Company recognizes gaming revenue from this arrangement on a net basis, which is a percentage of the net win received. Wagering contracts that include complimentary products and services provided by the Company to incentivize gaming, such as complimentary food, beverage, rooms, entertainment, merchandise, cash back and other discretionary complimentary items, and wagering contracts that include products and services provided to a patron in exchange for points earned under the Company’s loyalty program contain more than one performance obligation. The transaction price is allocated to each performance obligation in the gaming wagering contract. The amount allocated to loyalty points earned is based on an estimate of the standalone selling price of the loyalty points, which is determined by the redemption value less an estimate for points not expected to be redeemed. The amount allocated to discretionary complimentary items is the standalone selling price of the underlying goods or services, which is determined using the retail price at which those goods or services would be sold separately in similar transactions. The remaining amount of the transaction price is allocated to wagering activity using the residual approach as the standalone selling price for gaming wagers is highly variable due to wide disparity of wagering options available to the Company’s patrons. The amount wagered, frequency of wagering, patron betting habits, and outcomes of the games of chance are unpredictable. As a result, no stand-alone selling price of a gaming transaction is determinable and the residual approach is utilized to represent the net revenue ascribed to the gaming wager. For wagering contracts that include discretionary complimentary items, the Company allocates the stand-alone selling price of each product and service to the respective revenue type. Complimentary products or services provided under the Company’s control and discretion that are supplied by third parties are recorded as an operating expense in the consolidated statements of operations. For wagering contracts that include products and services provided to a patron in exchange for points earned under the Company’s loyalty program, the Company allocates the estimated stand-alone selling price of the points earned to the loyalty program liability. The loyalty program liability is a deferral of revenue until redemption occurs under ASC 606. Upon redemption of loyalty program points for Company-owned products and services, the stand-alone selling price of each product or service is allocated to the respective revenue type. For redemptions of points with third parties, the redemption amount is deducted from the loyalty program liability and paid directly to the third-party. Any discounts received by the Company from the third-party in connection with this transaction are recorded to other revenue in the Company’s consolidated statements of operations. The Company’s performance obligation related to its loyalty program is generally completed within one year, as participants’ points expire after thirteen months of no activity. After allocation to the other revenue types for products and services provided to patrons as part of a wagering contract, the residual amount is recorded to casino gaming revenue as soon as the wager is settled. As all wagers have similar characteristics, the Company accounts for its gaming contracts collectively on a portfolio basis. Gaming contracts are typically completed daily based on the outcome of the wagering transaction and include a distinct performance obligation to provide gaming activities. Revenue from leases is recorded to other revenue in the Company’s consolidated statements of operations and is generated from base rents through long-term leases with retail tenants. Base rent, adjusted for contractual escalations as applicable, is recognized on a straight-lined basis over the term of the related lease. Overage rent is paid by a tenant when its sales exceed an agreed upon minimum amount and is not recognized by the Company until the threshold is met. Food, beverage, and retail revenues are recorded at the time of sale. Room revenue is recorded at the time of occupancy. Sales taxes and surcharges collected from customers and remitted to governmental authorities are presented on a net basis. Contract and Contract Related Liabilities The Company provides numerous products and services to its customers. There is often a timing difference between the cash payment by the customers and recognition of revenue for each of the associated performance obligations. The Company generally has three types of liabilities related to contracts with customers: • Outstanding Chip Liability — The outstanding chip liability represents the collective amounts owed to customers in exchange for gaming chips in their possession. Outstanding chips are expected to be recognized as revenue or redeemed for cash within one year of being purchased. • Loyalty Program — The Company offers its True Rewards loyalty program at all of its casino properties, as well as at all of its branded taverns. Members of the Company’s True Rewards loyalty program earn points based on gaming activity and food and beverage purchases at the Company’s casino properties and branded taverns. Loyalty points are redeemable for slot play, promotional table game chips, cash back, entertainment and food and beverage purchases. All points earned in the loyalty program roll up into a single account balance which is redeemable at all of our locations. The Company records a liability based on the value of points earned, less an estimate for points not expected to be redeemed. This liability represents a deferral of revenue until such time as the participant redeems the points earned. Redemption history at the Company’s casinos and branded taverns is used to assist in the determination of the estimated accruals. Loyalty program points are expected to be redeemed and recognized as revenue within one year of being earned, since participants’ points expire after thirteen months of inactivity. The True Rewards points accruals are included in current liabilities on the Company’s consolidated balance sheets. Changes in the program, increases in membership and changes in the redemption patterns of the participants can impact this liability. • Customer Deposits and Other — Customer deposits and other deferred revenue represent cash deposits made by customers for future non-gaming services to be provided by the Company. With the exception of tenant deposits, which are tied to the terms of the lease and typically extend beyond a year, the majority of these customer deposits and other deferred revenue are expected to be recognized as revenue or refunded to the customer within one year of the date the deposit was recorded. The following table summarizes the Company’s activity for contract and contract related liabilities: Outstanding Chip Liability Loyalty Program Customer Deposits and Other (In thousands) 2024 2023 2024 2023 2024 2023 Balance at January 1 $ 1,099 $ 1,312 $ 2,743 $ 2,949 $ 4,287 $ 5,002 Balance at December 31 (1) 1,564 1,099 2,501 2,743 3,883 4,287 Increase (decrease) $ 465 $ (213) $ (242) $ (206) $ (404) $ (715) (1) Loyalty Program and Customer Deposits and Other related to assets held for sale were excluded from 2023 amounts. Gaming Taxes The Company’s casinos located in Nevada are subject to taxes based on gross gaming revenues and pay quarterly and annual fees based on the number of slot machines and table games licensed during the year. In addition, the Company’s casinos pay taxes based on gross gaming revenues and fixed quarterly and annual fees for bingo and keno at several of the Company’s properties. Prior to its sale in January 2024, the Company’s distributed gaming operations in Nevada were subject to taxes based on the Company’s share of non-restricted gross gaming revenue for those locations that had grandfathered rights to more than 15 slot machines for play, and/or annual and quarterly fees at all branded tavern and third-party distributed gaming locations. Prior to its sale in July 2023, Rocky Gap was subject to gaming taxes based on gross gaming revenues and the Company also paid an annual flat tax based on the number of table games and video lottery terminals in operation during the year. Prior to its sale in September 2023, the Company’s distributed gaming operations in Montana were subject to taxes based on the Company’s share of gross gaming revenue. The Company records gaming taxes as gaming expenses in the consolidated statements of operations. Total gaming taxes and license expenses were $27.2 million, $58.0 million and $73.2 million for the years ended December 31, 2024, 2023 and 2022, respectively. Advertising Expenses The Company expenses advertising, marketing and promotional costs as incurred. Advertising costs included in selling, general and administrative expenses in the Company’s consolidated statements of operations were $12.8 million, $13.1 million and $12.2 million for the years ended December 31, 2024, 2023 and 2022, respectively. Share-Based Compensation Expense The Company has various share-based compensation programs, which provide for equity awards including stock options, time-based restricted stock units (“RSUs”) and performance-based restricted stock units (“PSUs”). Share-based compensation expense is measured at the grant date, based on the estimated fair value of the award, and is recognized as expense, net of forfeitures, over the employee’s requisite service period. Compensation costs related to stock option awards are calculated based on the fair value of the award on the date of grant using the Black-Scholes option pricing model. For RSUs and PSUs, compensation expense is calculated based on the fair market value of the Company’s common stock on the date of grant. All of the Company’s share-based compensation expense is recorded in selling, general and administrative expenses in the consolidated statements of operations. Income Taxes The Company is subject to income taxes in the United States. Accounting standards require the recognition of deferred tax assets, net of applicable reserves, and liabilities for the estimated future tax consequences attributable to differences between financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rates on the income tax provision and deferred tax assets and liabilities generally is recognized in the results of operations in the period that includes the enactment date. Accounting standards also require recognition of a future tax benefit to the extent that realization of such benefit is more likely than not; otherwise, a valuation allowance is applied. The Company’s income tax returns are subject to examination by the Internal Revenue Service and other tax authorities in the locations where it operates. The Company assesses potentially unfavorable outcomes of such examinations based on accounting standards for uncertain income taxes. The accounting standards prescribe a minimum recognition threshold a tax position is required to meet before being recognized in the financial statements. Uncertain tax position accounting standards apply to all tax positions related to income taxes. These accounting standards utilize a two-step approach for evaluating tax positions. If a tax position, based on its technical merits, is deemed more likely than not to be sustained, then the tax benefit is measured as the largest amount of benefit that is more likely than not to be realized upon settlement. The Company records estimated penalties and interest related to income tax matters, including uncertain tax positions, if any, as a component of income tax expense. Net Income per Share Basic net income per share is calculated by dividing net income by the weighted-average common shares outstanding. Diluted net income per share in profitable periods reflects the effect of

Divestitures

Divestitures	12 Months Ended
	Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]
Divestitures	Divestitures As discussed in “ Note 1 — Nature of Business and Basis of Presentation ” the Company completed the sales of Rocky Gap and its distributed gaming operations in Montana and Nevada on July 25, 2023, September 13, 2023 and January 10, 2024, respectively. Operations of Rocky Gap had historically been presented in the Company’s Maryland Casino Resort reportable segment. The Company incurred $8.5 million in transaction costs since the announcement of the Rocky Gap sale on August 25, 2022, $8.3 million of which were incurred in 2023. The results of the distributed gaming operations in Montana were combined with the results of the distributed gaming operations in Nevada and had historically been presented in the Company’s Distributed Gaming reportable segment. Since the announcement of the distributed gaming operations sale on March 3, 2023, the Company incurred $0.8 million and $0.4 million in transaction costs related to the sales of the distributed gaming operations in Montana and Nevada, respectively, for the year ended December 31, 2023. The Company incurred an additional $2.3 million in transaction costs related to the sale of the distributed gaming operations in Nevada for the year ended December 31, 2024. The Company recorded transaction costs in selling, general and administrative expenses as incurred. The Company classifies assets as held for sale when a sale is probable, is expected to be completed within one year, and the asset group meets all of the accounting criteria to be classified as held for sale. Gains or losses associated with the disposal of assets held for sale are recorded within operating expenses, and the Company ceases recording depreciation and amortization of the long-lived assets included in the sale from the date of execution of the definitive agreement for the sale. The assets and liabilities of the distributed gaming operations in Nevada classified as held for sale as of December 31, 2023, and subsequently sold on January 10, 2024, are presented in the table below: December 31, 2023 (In thousands) Distributed Gaming - Nevada ASSETS Current assets Cash and cash equivalents $ 40,050 Accounts receivables, net 1,945 Prepaid expenses 1,018 Other 2,298 Total current assets held for sale 45,311 Property and equipment, net 21,221 Operating lease right-of-use assets, net 33,601 Goodwill 69,452 Intangible assets, net 28,379 Other assets 6,307 Total assets held for sale $ 204,271 LIABILITIES Current liabilities Current portion of long-term debt and finance leases $ 1,131 Current portion of operating leases 23,323 Accounts payable 1,826 Accrued payroll and related 1,123 Other accrued liabilities 1,151 Total current liabilities related to assets held for sale 28,554 Non-current finance leases 10,614 Non-current operating leases 65 Total liabilities related to assets held for sale $ 39,233 The following information presents the revenues and pretax income generated by Rocky Gap and the Company’s distributed gaming operations in Montana and Nevada previously reported as held for sale and divested on July 25, 2023, September 13, 2023 and January 10, 2024, respectively: Year Ended December 31, (In thousands) 2024 2023 2022 Maryland Casino Resort Revenues $ — $ 43,456 $ 78,010 Pretax income — 12,435 22,966 Distributed Gaming - Montana Revenues $ — $ 80,878 $ 109,359 Pretax income — 8,883 7,417 Distributed Gaming - Nevada Revenues $ 6,019 $ 239,802 $ 256,113 Pretax income 476 22,402 22,766

Property and Equipment, Net

Property and Equipment, Net	12 Months Ended
	Dec. 31, 2024
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	Property and Equipment, Net Property and equipment, net, consisted of the following: December 31, (In thousands) 2024 2023 Land $ 125,240 $ 125,240 Building and improvements 983,659 955,859 Furniture and equipment 216,995 190,048 Construction in process 6,165 10,561 Property and equipment 1,332,059 1,281,708 Accumulated depreciation (581,165) (495,563) Property and equipment, net $ 750,894 $ 786,145 Depreciation expense for property and equipment, including finance leases, totaled $87.6 million, $86.5 million and $92.7 million for the years ended December 31, 2024, 2023 and 2022, respectively. The Company reviews the carrying amounts of its long-lived assets, other than goodwill and indefinite-lived intangible assets, for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. During the year ended December 31, 2023, the Company voluntarily surrendered its gaming license for its Colorado Belle property. The suspension of Colorado Belle’s operations qualified as an indicator of impairment related to the long-lived assets at Colorado Belle. Based on the results of the impairment assessment, the Company recorded a $ 12.1 million The Company concluded that there was no impairment of its long-lived assets as of December 31, 2024 and that the rest of its long-lived assets except for Colorado Belle were not impaired as of December 31, 2023.

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Net	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets, Net	Goodwill and Intangible Assets, Net The Company tests goodwill, and indefinite-lived intangible assets comprised of trade names for impairment annually during the fourth quarter of each year, and whenever events or circumstances indicate that it is more likely than not that the carrying value of a reporting unit exceeds its fair value. Finite-lived intangible assets are evaluated for potential impairment whenever there is an indicator that the carrying value of an asset group may not be recoverable. Refer to “ Note 2 — Summary of Significant Accounting Policies ” for further information on the Company’s accounting policies related to its goodwill and intangible assets. The estimated fair value of goodwill for the years ended December 31, 2024 and 2023 was determined using an income valuation approach utilizing discounted cash flow models. The income valuation approach conducted in 2024 utilized the following Level 3 inputs: discount rates of 13.5%-14.5% and long-term revenue growth rate of 2.5%. The income valuation approach conducted in 2023 utilized a discount rate of 14.0%-14.5% and long-term revenue growth rate of 3.0%. The estimated fair value of indefinite-lived intangible assets for the years ended December 31, 2024 and 2023 was determined using an income approach by applying the relief from royalty method using Level 3 inputs. The Company utilized a royalty rate of 1.0% to 2.0% in both periods and the same discount rate and long-term revenue growth rate as the rates applied to valuation of goodwill. The Company’s 2024 annual review of goodwill and intangible assets for impairment resulted in a full impairment of goodwill and trade name of certain of the Company’s Nevada Locals Casinos in the amount of $1.8 million and $ 0.6 million The following table summarizes goodwill balances by reportable segment: (In thousands) Nevada Casino Resorts Nevada Locals Casinos Nevada Taverns Distributed Gaming Total Goodwill Balance, Balance, January 1, 2023 $ 22,105 $ 38,187 $ 20,459 $ 77,645 $ 158,396 Goodwill acquired during the year (1) — — 3,574 — 3,574 Goodwill related to assets held for sale (2) — — — (69,452) (69,452) Goodwill related to sale of a business (3) — — — (8,193) (8,193) Balance, December 31, 2023 $ 22,105 $ 38,187 $ 24,033 $ — $ 84,325 Goodwill acquired during the year (4) — — 3,988 — 3,988 Goodwill impairment (5) (1,773) — — (1,773) Balance, December 31, 2024 $ 22,105 $ 36,414 $ 28,021 $ — $ 86,540 (1) Related to the acquisition of Lucky’s taverns discussed in “ Note 1 — Nature of Business and Basis of Presentation .” (2) Related to the distributed gaming operations in Nevada that continued to be classified as assets held for sale as of December 31, 2023 and were subsequently sold in January 2024. Refer to “ Note 3 — Divestitures ” for further information. (3) Related to the distributed gaming operations in Montana sold in September 2023. Refer to “ Note 3 — Divestitures ” for further information. (4) Related to the acquisition of GAP taverns discussed in “ Note 1 — Nature of Business and Basis of Presentation .” (5) Related to the impairment of goodwill and trade name of certain of the Company’s Nevada Locals Casinos. Intangible assets, net, consisted of the following: December 31, 2024 (In thousands) Useful Life (Years) Gross Carrying Cumulative Cumulative Impairment Intangible Assets, Net Indefinite-lived intangible assets Trade names Indefinite $ 55,524 $ — $ (7,516) $ 48,008 55,524 — (7,516) 48,008 Amortizing intangible assets Player relationships 2-14 44,268 (41,905) — 2,363 Non-compete agreements 2-5 7,147 (4,131) — 3,016 51,415 (46,036) — 5,379 Balance, December 31, 2024 $ 106,939 $ (46,036) $ (7,516) $ 53,387 December 31, 2023 (In thousands) Useful Life (Years) Gross Carrying Cumulative Cumulative Impairment Intangible Assets, Net Indefinite-lived intangible assets Trade names Indefinite $ 54,790 $ — $ (6,890) $ 47,900 54,790 — (6,890) 47,900 Amortizing intangible assets Player relationships 2-14 43,916 (41,050) — 2,866 Non-compete agreements 2-5 5,747 (2,578) — 3,169 49,663 (43,628) — 6,035 Balance, December 31, 2023 $ 104,453 $ (43,628) $ (6,890) $ 53,935 Total amortization expense related to intangible assets was $2.4 million for each of the years ended December 31, 2024 and 2023, and $7.4 million for the year ended December 31, 2022. Estimated future amortization expense related to intangible assets is as follows: (In thousands) 2025 2026 2027 2028 2029 Thereafter Total (1) Estimated amortization expense $ 2,680 $ 2,022 $ 304 $ 236 $ 137 $ — $ 5,379 (1) The Company did not have intangible assets that were not placed in service as of December 31, 2024.

Accrued Liabilities

Accrued Liabilities	12 Months Ended
	Dec. 31, 2024
Payables and Accruals [Abstract]
Accrued Liabilities	Accrued Liabilities Accrued liabilities consisted of the following: December 31, (In thousands) 2024 2023 Gaming liabilities $ 11,963 $ 10,726 Dividend payable 6,641 — Accrued taxes, other than income taxes 5,212 5,193 Other accrued liabilities 3,502 4,538 Deposits 2,153 1,855 Interest 166 4,572 Uncertain tax positions payable — 7,755 Total current accrued liabilities $ 29,637 $ 34,639

Long-Term Debt

Long-Term Debt	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt, net, consisted of the following: December 31, (In thousands) 2024 2023 Term Loan B-1 $ 394,000 $ 398,000 Revolving credit facility 20,000 — 2026 Unsecured Notes — 276,453 Finance lease liabilities 3,643 1,691 Notes payable — 438 Total long-term debt and finance leases 417,643 676,582 Unamortized discount (3,679) (7,423) Unamortized debt issuance costs (3,378) (6,042) Total long-term debt and finance leases after debt issuance costs and discount 410,586 663,117 Current portion of long-term debt and finance leases (5,308) (4,596) Long-term debt, net and finance leases $ 405,278 $ 658,521 Senior Secured Credit Facility The Company’s senior secured credit facility with JPMorgan Chase Bank, N.A. (as administrative agent and collateral agent) (the “Credit Facility”) is comprised of a $400 million term loan B-1 facility (the “Term Loan B-1”) and a $240 million revolving credit facility (the “Revolving Credit Facility”). As of December 31, 2024, the Company had $394 million in principal amount of outstanding Term Loan B-1 borrowings, no outstanding letters of credit and $20 million in outstanding borrowings under its Revolving Credit Facility, such that the remaining borrowing availability under the Revolving Credit Facility as of December 31, 2024 was $220 million. On May 26, 2023, the Company modified the terms of the Credit Facility by (1) extending the maturity date of the Revolving Credit Facility from April 20, 2024 to the earlier of May 26, 2028 and 91 days prior to April 15, 2026, the stated maturity date of the Company’s 7.625% Senior Notes due 2026 (“2026 Unsecured Notes”), for so long as any indebtedness remains outstanding under the 2026 Unsecured Notes (the “Springing Maturity Date”), and (2) establishing Term Loan B-1 with a maturity date of the earlier of May 26, 2030 and the Springing Maturity Date. Term Loan B-1 was fully drawn at the time of such modification, with the proceeds thereof used to repay a portion of the Company’s then-existing term loan B borrowings under the Credit Facility (the “Term Loan B”). The remainder of the Term Loan B was repaid in full in July 2023 using a portion of the proceeds from the sale of Rocky Gap. On April 15, 2024, the Company redeemed and repaid in full all of its 2026 Unsecured Notes, thereby eliminating the Springing Maturity Date provision, meaning that the maturity date of the Revolving Credit Facility is now fixed at May 26, 2028 and the maturity date of the Term Loan B-1 is now fixed at May 26, 2030. On May 29, 2024, the Company further modified the terms of the Credit Facility to reduce the interest rate margins applicable to borrowings under the Term Loan B-1. Under the amended Credit Facility, the Term Loan B-1 bears interest, at the Company’s option, at either (1) a base rate determined pursuant to customary market terms (subject to a floor of 1.50%), plus a margin of 1.25%, or (2) the Term SOFR rate for the applicable interest period (subject to a floor of 0.50%), plus a margin of 2.25%. The modification eliminated the Term SOFR credit spread adjustment of 0.10% with respect to the Company’s Term Loan B-1. The Company incurred $0.9 million in fees and recorded a loss on debt modification of less than $0.1 million for the debt issuance costs and discount related to the Term Loan B-1 as a result of this modification of the Credit Facility. The modification did not amend the terms of the Revolving Credit Facility. Interest and Fees Under the Credit Facility, the Term Loan B-1 bears interest, at the Company’s option, at either (1) a base rate determined pursuant to customary market terms (subject to a floor of 1.50%), plus a margin of 1.25%, or (2) the Term SOFR rate for the applicable interest period (subject to a floor of 0.50%), plus a margin of 2.25%. Borrowings under the Revolving Credit Facility bear interest, at the Company’s option, at either (1) a base rate determined pursuant to customary market terms (subject to a floor of 1.00%), plus a margin ranging from 1.00% to 1.50% based on the Company’s net leverage ratio, or (2) the Term SOFR rate for the applicable interest period plus a credit spread adjustment of 0.10%, plus a margin ranging from 2.00% to 2.50% based on the Company’s net leverage ratio. The weighted-average effective interest rate on the Company’s outstanding borrowings under the Credit Facility was 7.64% for the year ended December 31, 2024. Mandatory and Optional Prepayments and Related Loss on Debt Extinguishment and Modification The Term Loan B-1 is repayable in 27 quarterly installments of $1 million each, which commenced in September 2023, followed by a final installment of $373 million due at maturity. Guarantees and Collateral Borrowings under the Credit Facility are guaranteed by each of the Company’s existing and future wholly-owned domestic subsidiaries (other than certain insignificant or unrestricted subsidiaries) and are secured by substantially all of the present and future assets of the Company and its subsidiary guarantors (subject to of certain exceptions). Financial and Other Covenants Under the Credit Facility, the Company and its restricted subsidiaries are subject to certain limitations, including limitations on their respective ability to: incur additional debt, grant liens, sell assets, make certain investments, pay dividends and make certain other restricted payments. In addition, the Company will be required to pay down the Term Loan B-1 under the Credit Facility in certain circumstances if the Company or its restricted subsidiaries issue debt, sell assets, receive certain extraordinary receipts or generate excess cash flow (subject to exceptions). The Credit Facility contains a financial covenant regarding a maximum net leverage ratio that applies when borrowings under the Revolving Credit Facility exceed 30% of the total revolving commitment. The Credit Facility also prohibits the occurrence of a change of control, which includes the acquisition of beneficial ownership of 50% or more of the Company’s capital stock (other than by certain permitted holders, which include, among others, Blake L. Sartini, Lyle A. Berman, and certain affiliated entities). If the Company defaults under the Credit Facility due to a covenant breach or otherwise, the lenders may be entitled to, among other things, require the immediate repayment of all outstanding amounts and sell the Company’s assets to satisfy the obligations thereunder. The Company was in compliance with its financial covenants under the Credit Facility as of December 31, 2024. Senior Unsecured Notes On April 15, 2019, the Company issued $375 million in principal amount of 2026 Unsecured Notes in a private placement to institutional buyers at face value. The 2026 Unsecured Notes bore interest at 7.625%, payable semi-annually on April 15 th and October 15 th of each year. On April 15, 2024, the Company redeemed and repaid in full all of its 2026 Unsecured Notes for an aggregate amount equal to $287.0 million, consisting of $276.5 million in principal and $10.5 million in accrued and unpaid interest, and discharged all of the Company’s obligations under the indenture governing the 2026 Unsecured Notes. The Company recorded a $4.4 million loss on debt extinguishment primarily related to the debt issuance costs and discount written off upon the redemption of the 2026 Unsecured Notes. Scheduled Principal Payments of Long-Term Debt The scheduled principal payments due on long-term debt are as follows (in thousands): Year Ending December 31, Amount 2025 $ 5,308 2026 5,363 2027 4,260 2028 24,163 2029 4,168 Thereafter 374,381 Total outstanding principal of long-term debt $ 417,643

Shareholders_ Equity and Stock

Shareholders’ Equity and Stock Incentive Plans	12 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
Shareholders’ Equity and Stock Incentive Plans	Shareholders’ Equity and Stock Incentive Plans Share Repurchase Program From time to time, the Company repurchases shares of its common stock pursuant to the $100 million share repurchase program authorized by our Board of Directors on July 27, 2023, which was subsequently increased by $100 million on November 5, 2024. Share repurchases may be made from time to time in open market transactions, through block trades, pursuant to a Rule 10b5-1 trading plan or in private transactions in accordance with applicable securities laws and regulations and other legal requirements, including compliance with the Company’s finance agreements. Share repurchases may be made at management’s discretion based on market conditions and financial resources and there is no minimum number of shares that the Company is required to repurchase. The repurchase program may be suspended or discontinued at any time without prior notice. As of December 31, 2024, the Company had $99.4 million of remaining share repurchase availability under its share repurchase program. The following table includes the Company’s share repurchase activity: Year Ended December 31, 2024 2023 2022 (In thousands, except per share data) Shares repurchased (1)(2) 2,892 252 1,113 Total cost, including brokerage fees and excise tax on repurchases $ 92,142 $ 9,134 $ 51,202 Average repurchase price per share (3)(4) $ 31.63 $ 36.17 $ 46.01 (1) All repurchased shares were retired and constitute authorized but unissued shares. Shares repurchased to settle employee tax withholding related to the vesting of RSUs or exercise of options are not included in the table above. (2) Of the shares repurchased in 2024, 949,729 were repurchased pursuant to a Rule 10b5-1 trading plan. (3) Figures in the table may not recalculate exactly due to rounding. Average repurchase price per share is calculated based on unrounded numbers. (4) Average repurchase price per share includes broker commissions but excludes our liability under the 1% excise tax on the net amount of our share repurchases required by the Inflation Reduction Act of 2022. Stock Incentive Plans On August 27, 2015, the Company’s Board of Directors approved the Golden Entertainment, Inc. 2015 Incentive Award Plan (the “2015 Plan”), which was approved by the Company’s shareholders at the Company’s 2016 annual meeting. The 2015 Plan authorizes the issuance of stock options, restricted stock, restricted stock units, dividend equivalents, stock payment awards, stock appreciation rights, performance bonus awards and other incentive awards. The 2015 Plan authorizes the grant of awards to employees, non-employee directors and consultants of the Company and its subsidiaries. Options generally have a ten-year term. Except as provided in any employment agreement between the Company and the employee, if an employee is terminated, any unvested options will be forfeited. The maximum number of shares of the Company’s common stock for which grants may be made under the 2015 Plan is 2.25 million shares, plus an annual increase on January 1 st of each year during the ten-year term of the 2015 Plan equal to the lesser of 1.8 million shares, 4% of the total shares of the Company’s common stock outstanding (on an as-converted basis), or such smaller amount as may be determined by the Board of Directors at its sole discretion. The annual increase on January 1, 2024 was 1.1 million shares. In addition, the maximum aggregate number of shares of common stock that may be subject to awards granted to any one participant during a calendar year is 2.0 million shares. As of December 31, 2024, a total of 4.5 million shares of the Company’s common stock remained available for grants of awards under the 2015 Plan. Dividends In July 2023, the Company’s Board of Directors declared a one-time cash dividend of $2.00 per share of the outstanding common stock, totaling $57.7 million in aggregate. The one-time cash dividend was paid on August 25, 2023 to the Company’s shareholders of record as of August 11, 2023. Commencing on February 27, 2024, the Company’s Board of Directors has declared a recurring quarterly dividend of $0.25 per share of the Company’s common stock. The dividends declared in 2024 were as follows: Declaration Date Record Date Payment Date Amount per Share Aggregate Amount (in thousands) February 27, 2024 March 18, 2024 April 4, 2024 $ 0.25 $ 7,237 May 2, 2024 June 14, 2024 July 2, 2024 $ 0.25 $ 7,107 August 6, 2024 September 17, 2024 October 2, 2024 $ 0.25 $ 6,962 November 5, 2024 December 20, 2024 January 7, 2025 $ 0.25 $ 6,641 In addition, subsequent to the fiscal year end, on February 25, 2025, the Board of Directors authorized its next recurring quarterly cash dividend of $0.25 per share of the Company’s common stock payable on April 2, 2025 to shareholders of record as of March 21, 2025. Stock Options The following table summarizes the Company’s stock option activity: Stock Options Outstanding Weighted-Average Remaining Term (in years) Weighted-Average Exercise Price Aggregate Intrinsic Value (in thousands) Outstanding at January 1, 2022 2,141,494 4.5 $ 11.31 Granted — — Exercised (69,500) 9.94 Cancelled — — Expired — — Outstanding at December 31, 2022 2,071,994 3.5 11.35 $ 53,966 Granted — — Exercised (160,640) 11.84 (1) Cancelled — — Expired — — Outstanding at December 31, 2023 1,911,354 2.5 9.19 (1) $ 58,758 Granted — — Exercised (421,000) 9.17 Cancelled — — Expired — — Outstanding at December 31, 2024 1,490,354 1.5 $ 9.19 $ 33,395 Exercisable at December 31, 2022 2,071,994 3.5 $ 11.35 $ 53,966 Exercisable at December 31, 2023 1,911,354 2.5 $ 9.19 $ 58,758 Exercisable at December 31, 2024 1,490,354 1.5 $ 9.19 $ 33,395 (1) In accordance with the provisions of the 2015 Plan, the declaration of a one-time cash dividend of $2.00 per share of the outstanding common stock triggered the requirement to make an equitable adjustment to the number and type of securities subject to each outstanding award and the exercise price or grant price. The 2015 Plan allows the Company to make such equitable adjustments at its discretion. As a result, on August 25, 2023, the Company elected to adjust the exercise price of vested but unexercised stock option awards to reflect an amount as if the cash dividend had been paid in stock. The conditions of each option grant remain the same. The total intrinsic value of stock options exercised was $8.9 million, $4.6 million and $2.6 million for the years ended December 31, 2024, 2023 and 2022, respectively. The Company has not granted any stock options since 2017. The Company received $3.2 million in proceeds from stock options exercised during the year ended December 31, 2024. The Company issues new shares of common stock upon exercise of stock options. RSUs and PSUs Executive officers of the Company receive long-term incentive equity awards in a combination of RSUs and PSUs, issued under the 2015 Plan. The number of PSUs that will be eligible to vest will be determined based on the Company’s attainment of performance goals set by the Compensation Committee. Following the one-year performance period, the number of “vesting eligible” PSUs will then be subject to two The following table summarizes the Company’s RSU activity: RSUs Shares Weighted- Total Fair Value of Shares Vested (in thousands) Outstanding at January 1, 2022 815,420 $ 18.17 Granted 123,970 51.86 Vested (363,450) 17.78 $ 18,963 Cancelled (28,269) 17.63 Outstanding at December 31, 2022 547,671 26.09 Granted 159,043 42.17 Vested (299,131) 23.73 $ 12,568 Issuance of dividend equivalent (1) 21,179 — Outstanding at December 31, 2023 428,762 34.09 Granted 232,766 33.57 Vested (285,012) 28.73 $ 9,150 Cancelled (9,350) 38.82 Outstanding at December 31, 2024 367,166 $ 37.67 (1) In accordance with the provisions of the 2015 Plan, the declaration of a one-time cash dividend of $2.00 per share of the outstanding common stock triggered the requirement to make an equitable adjustment to the number and type of securities subject to each outstanding award and the exercise price or grant price. The 2015 Plan allows the Company to make such equitable adjustments at its discretion. As a result, on August 25, 2023, the Company elected to adjust the number of shares underlying unvested RSU awards to reflect an amount as if the one-time cash dividend of $2.00 per share of the outstanding common stock had been paid in stock. The vesting schedule and conditions of each grant remain the same (with these additional share amounts subject to forfeiture on the same terms as the underlying grants). The following table summarizes the Company’s PSU activity: PSUs Shares (1) Weighted- Total Fair Value of Shares Vested (in thousands) Outstanding at January 1, 2022 705,577 (2) $ 13.84 Granted 83,579 53.51 Performance certification 534,383 (3) — Vested (247,380) (4) 12.51 $ 13,030 Outstanding at December 31, 2022 1,076,159 17.17 Granted 114,898 41.92 Vested (733,574) (5) 8.86 $ 30,751 Issuance of dividend equivalent (6) 23,151 — Cancelled (8,699) (7) 53.51 Outstanding at December 31, 2023 471,935 (8) 36.40 Granted 131,906 34.06 Vested (272,362) (9) 29.00 $ 9,277 Cancelled (171,998) (10) 35.92 Outstanding at December 31, 2024 159,481 $ 47.54 (1) The number of shares for the PSUs listed as granted represents the “target” number of PSUs granted to each recipient eligible to vest if the Company meets its “target” performance goals for the applicable period. The actual number of PSUs eligible to vest for those PSUs will vary depending on whether or not the Company meets or exceeds the applicable threshold, target, or maximum performance goals for the PSUs, with 200% of the “target” number of PSUs eligible to vest at “maximum” performance levels. (2) Includes 171,194 2019 PSU Awards that were certified below target during the three months ended March 31, 2021 and vested in March 2022. Also includes PSUs granted in March 2020 and March 2021 at “target.” (3) The Company’s financial results for the applicable performance goals were certified during the three months ended March 31, 2022 and 200% of the target PSUs granted in March 2020 ( the “2020 PSU Awards”) and March 2021 ( the “2021 PSU Awards”) were deemed “earned.” Includes 38,093 incremental shares issued in March 2022 in connection with vesting of shares of 2020 PSU Awards due to such award “earned” at 200% of the “target.” The remaining 2020 PSU Awards vested in March 2023. (4) Comprises 171,194 shares of 2019 PSU Awards and 76,186 shares of 2020 PSU Awards that vested in March 2022. (5) Represents 2020 PSU Awards that vested in March 2023 at 200% of the target PSUs. (6) In accordance with the provisions of the 2015 Plan, the declaration of a one-time cash dividend of $2.00 per share of the outstanding common stock triggered the requirement to make an equitable adjustment to the number and type of securities subject to each outstanding award and the exercise price or grant price. The 2015 Plan allows the Company to make such equitable adjustments at its discretion. As a result, on August 25, 2023, the Company elected to adjust the number of shares underlying unvested PSU awards to reflect an amount as if the one-time cash dividend of $2.00 per share of the outstanding common stock had been paid in stock. The vesting schedule and conditions of each grant remain the same (with these additional share amounts subject to forfeiture on the same terms as the underlying grants). (7) The Company’s financial results for the applicable performance goals were certified during the three months ended March 31, 2023 and 89.6% of the target PSUs granted in March 2022 ( the “2022 PSU Awards”) were deemed “earned.” This resulted in the reduction of the 2022 PSU Awards to the number of PSUs eligible to vest from 83,579 to 74,880. (8) Includes PSUs granted in March 2021 (“2021 PSU Awards”) at 200% of the target (based on awards deemed “earned”), PSUs granted in March 2022 at 89.6% of the target (based on awards deemed “earned”) and PSUs granted in March 2023 (“2023 PSU Awards”) at 100% of the target. (9) Represents 2021 PSU Awards that vested in March 2024 at 200% of the target PSUs. (10) The Company’s financial results for performance goals applicable to the 2023 PSU Awards were certified during the three months ended March 31, 2024 and 69.3% of the target 2023 PSU Awards were deemed “earned.” This resulted in the reduction of the PSUs listed as granted in March 2023 to the number of PSUs eligible to vest from 120,825 to 83,724. In addition, 5,467 shares of unvested PSU Awards were forfeited during the year ended December 31, 2024. In addition, 131,906 PSUs granted in March 2024 were cancelled due to the Company not meeting its performance target for 2024. Share-Based Compensation The following table summarizes share-based compensation costs by award type: Year Ended December 31, (In thousands) 2024 2023 2022 Stock options $ — $ — $ — RSUs 7,178 7,624 6,900 PSUs 2,866 5,188 5,980 Total share-based compensation costs $ 10,044 $ 12,812 $ 12,880

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax provision is summarized as follows: Year Ended December 31, (In thousands) 2024 2023 2022 Current: Federal $ (24,499) $ 87,840 $ 13,877 State (3,861) 6,106 274 Total current tax (benefit) provision $ (28,360) $ 93,946 $ 14,151 Deferred: Federal $ 50,423 $ (17,846) $ (13,462) State — 107 (168) Total deferred tax provision (benefit) 50,423 (17,739) (13,630) Income tax provision $ 22,063 $ 76,207 $ 521 Reconciliation of the statutory federal income tax rate to the Company’s actual rate based on income before income tax provision is summarized below: Year Ended December 31, 2024 2023 2022 Statutory federal tax rate 21.00 % 21.00 % 21.00 % State income taxes, net of federal income taxes (5.03) 2.53 0.62 Permanent tax differences – stock compensation 1.62 (2.12) (6.31) Permanent tax differences – business meals 0.70 0.17 0.44 Permanent tax differences – executive compensation and other 0.64 2.60 9.27 Permanent tax differences – goodwill 16.69 — — Change in valuation allowance — (1.71) (23.99) FICA credit generated (1.27) (0.28) (1.09) WOTC credit generated (0.14) — — Tax benefit due to settlement of uncertain tax positions (9.38) — — Additional tax due to amending tax returns from prior years 5.01 — — Change in tax rate and apportionment — 0.43 (0.26) Deferred only adjustment to beginning deferred balances 0.47 0.34 0.95 Effective tax rate 30.31 % 22.96 % 0.63 % The effective income tax rate for the year ended December 31, 2024 was 30.31%, which differed from the federal income tax rate of 21% primarily due to the tax effect of the sale of the distributed gaming operations in Nevada discussed in “ Note 1 — Nature of Business and Basis of Presentation ” and the benefit recorded from the reduction of the uncertain tax positions (“UTP”) payable. The effective income tax rate for the year ended December 31, 2023 was 22.96%, which differed from the federal tax rate of 21% primarily due to state income taxes. The Company’s current and non-current deferred tax assets (liabilities) are comprised of the following: December 31, (In thousands) 2024 2023 Deferred tax assets: Accruals and reserves $ 3,895 $ 5,128 Share-based compensation expense 1,997 2,137 Operating lease obligation 19,626 27,092 Depreciation of fixed assets — 18,631 Uncertain tax position — 6,245 Other — 1,553 Gross deferred tax assets 25,518 60,786 Valuation allowance — — Deferred tax assets, net of valuation allowance $ 25,518 $ 60,786 Deferred tax liabilities: Prepaid services $ (1,744) $ (1,771) Amortization of intangible assets (787) (5,778) Depreciation of fixed assets (26,050) — Right-of-use assets (16,478) (23,729) Debt basis (1,359) — Other (15) — Gross deferred tax liabilities (46,433) (31,278) Deferred tax (liabilities) assets, net $ (20,915) $ 29,508 Non-current deferred tax assets, net $ — $ 29,508 Non-current deferred tax liabilities, net (20,915) — Deferred tax (liabilities) assets, net $ (20,915) $ 29,508 The realizability of deferred tax assets is evaluated by considering historical levels of income, estimates of future taxable income and the impact of tax planning strategies. As of December 31, 2024, the Company had net deferred tax liabilities of $20.9 million and determined that it was more likely than not that the Company would generate sufficient taxable income to conclude that deferred tax assets of $25.5 million were realizable. The Company’s income tax returns from 2021 onward are subject to examination. In addition, the statute of limitation for assessment for years with net operating losses (“NOLs”) is determined by reference to the year the NOLs were used to reduce the Company’s taxable income. NOLs from the 2012-2014 and 2017-2020 income tax returns were used to reduce taxable income in 2021 and 2022. Consequently, the 2012-2014 and 2017-2020 income tax returns remain subject to examination by taxing authorities. The Company is not currently under any income tax examinations. On April 30, 2024, the Internal Revenue Service (the “IRS”) notified the Company that the review of the Company’s 2017 and 2018 federal income tax returns was completed. As a result of the review, the Company’s fixed asset classification and related net operating losses for the respective tax years were adjusted and the Company recorded UTP payable until the historical filings were amended and submitted to the IRS. The Company filed the amended tax returns with the IRS such that no UTP remained as of December 31, 2024. As a result, the Company’s income tax provision for the year December 31, 2024 included a net tax benefit from the decrease in UTP payable, interest and penalties. The following table summarizes the Company’s reconciliation of the beginning and ending unrecognized tax benefits: December 31, (In thousands) 2024 2023 Balance – beginning of period $ 7,165 $ — Tax positions related to current year additions — 884 Additions for tax positions of prior years — 6,281 Settlements (7,165) — Balance – end of period $ — $ 7,165

Employee Retirement and Benefit

Employee Retirement and Benefit Plans	12 Months Ended
	Dec. 31, 2024
Retirement Benefits [Abstract]
Employee Retirement and Benefit Plans	Employee Retirement and Benefit Plans Defined contribution employee savings plans The Company’s qualified defined contribution employee savings plan allows eligible participants to defer, within prescribed limits, up to 75% of their income on a pre-tax basis through a portion of their salary and accumulate tax-deferred earnings as a retirement fund. The Company contributed $0.5 million, $0.6 million and $0.5 million for the years ended December 31, 2024, 2023 and 2022, respectively, to its defined contribution employee savings plan. The Company’s contributions vest over a five-year period. Pension plans As of December 31, 2024, approximately 1,500 of the Company’s employees were members of various unions and covered by union-sponsored, collectively bargained, multiemployer health and welfare and defined benefit pension plans. The Company recorded $13.1 million, $11.9 million and $11.2 million in expenses for these plans for the years ended December 31, 2024, 2023 and 2022, respectively. The Company has no obligation to fund the plans beyond payments made based upon hours worked. The risks of participating in multiemployer plans are different from single-employer plans, including in the following aspects: • Assets contributed to multiemployer plans by one employer may be used to provide benefits to employees of other participating employers; • If a participating employer stops contributing to a multiemployer plan, the unfunded obligations of the multiemployer plan may be required to be borne by the remaining participating employers; and • If an entity chooses to stop participating in some of its multiemployer plans, the entity may be required to pay those plans an amount based on the underfunded status of those plans, referred to as a “withdrawal liability.” The Company considers the following multiemployer pension plans to be significant: Pension Protection Zone Status (1) FIR/RP Status Pending/Implemented Surcharge Imposed Expiration Date Of Collective- Multiemployer Pension Plans EIN/Plan Number 2023 2022 Central Pension Fund of the IUOE and Participating Employers 36-6052390-001 Green Green No No 3/31/2026 Southern Nevada Culinary and Bartenders Pension Plan 88-6016617-001 Green Green No No 9/30/2028 (1) The Pension Protection Act of 2006 requires plans that are certified as endangered (yellow) or critical (red) to develop and implement a funding improvement plan. The Company’s cash contributions to each multiemployer pension and benefit plans are as follows: December 31, (In thousands) 2024 2023 2022 Multiemployer pension plans Central Pension Fund of the IUOE and Participating Employers $ 770 $ 793 $ 691 Southern Nevada Culinary and Bartenders Pension Plan 2,352 2,115 2,054 Other pension plans 154 164 168 Total contributions $ 3,276 $ 3,072 $ 2,913 Multiemployer benefit plans (excluding pension plans) HEREIU Welfare Fund $ 9,030 $ 8,268 $ 8,007 All other — 2 7 Total contributions $ 9,030 $ 8,270 $ 8,014 For the 2023 plan year, the latest period for which plan data is available, the Company made less than 5% of total contributions for all multiemployer pension plans to which the Company contributes.

Financial Instruments and Fair

Financial Instruments and Fair Value Measurements	12 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Financial Instruments and Fair Value Measurements	Financial Instruments and Fair Value Measurements Estimates of fair value for financial assets and liabilities are based on the framework established in the accounting guidance for fair value measurements. The framework defines fair value, provides guidance for measuring fair value and requires certain disclosures. The framework discusses valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flow) and the cost approach (cost to replace the service capacity of an asset or replacement cost). The framework utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels: • Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities. • Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active. • Level 3: Unobservable inputs that reflect the reporting entity’s own assumptions. Financial assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurement. Thus, assets and liabilities categorized as Level 3 may be measured at fair value using inputs that are observable (Levels 1 and 2) and unobservable (Level 3). Management’s assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the valuation of assets and liabilities and their placement within the fair value hierarchy levels. Financial Instruments The carrying values of the Company’s cash and cash equivalents, accounts receivable and accounts payable approximate fair value because of the short duration of these financial instruments. The following table summarizes the fair value measurement of the Company’s long-term debt: December 31, 2024 (In thousands) Carrying Amount Fair Value Fair Value Hierarchy Term Loan B-1 $ 394,000 $ 393,508 Level 2 Revolving credit facility 20,000 19,700 Level 2 Finance lease liabilities 3,643 3,643 Level 3 Total debt $ 417,643 $ 416,851 December 31, 2023 (In thousands) Carrying Amount Fair Value Fair Value Hierarchy Term Loan B-1 $ 398,000 $ 399,493 Level 2 2026 Unsecured Notes 276,453 277,144 Level 2 Finance lease liabilities 1,691 1,691 Level 3 Notes payable 438 438 Level 3 Total debt $ 676,582 $ 678,766 The estimated fair value of the Company’s term loan and outstanding borrowings under the Revolving Credit Facility is based on a relative value analysis performed as of December 31, 2024 and 2023. The finance lease liabilities and notes payable are fixed-rate debt, are not traded and do not have observable market inputs, therefore, the fair value is estimated to be equal to the carrying value.

Leases

Leases	12 Months Ended
	Dec. 31, 2024
Leases [Abstract]
Leases	Leases Company as Lessee The Company is a lessee under non-cancelable operating and finance leases for offices, taverns, land, vehicles, slot machines and equipment. In addition, prior to the sale of the Company’s distributed gaming operations, slot placement contracts in the form of space lease agreements at chain stores were accounted for as operating leases. The Company’s slot machine lease agreements with gaming equipment manufacturers were short-term in nature with the majority of such leases being under variable rent structure, with amounts determined based on the performance of the leased machines. Certain other short-term slot machine lease agreements were under fixed fee payment structure. The leases have remaining lease terms of less than 1 year and up to 73 years, some of which include options to extend the leases for an additional 1 to 25 years. The Company’s equipment leases include options to terminate the lease with 30 day notice. The Company assesses the options to extend or terminate the lease using a threshold of reasonably certain. For leases the Company is reasonably certain to renew, those option periods are included within the lease term and, therefore, the measurement of the ROU asset and lease liability. The Company’s lease agreements for land, buildings and taverns with lease and non-lease components are accounted for separately. The lease and non-lease components of certain vehicle and equipment leases are accounted for as a single lease component. The Company’s lease agreements do not contain any material residual value guarantees, restrictions or covenants. Lease expense for arrangements with a fixed fee payment structure is recognized on a straight-line basis over the lease term. Lease expense for arrangements under a variable rent structure is recognized in the period in which the obligation for the payment is incurred. The current and non-current obligations under finance leases are included in “ Current portion of long-term debt and finance leases Long-term debt, net and non-current finance leases The components of lease expense were as follows: Year Ended December 31, (In thousands) Classification 2024 2023 Operating lease cost Operating lease cost Operating and SG&A expenses $ 20,486 $ 50,118 Variable lease cost Operating and SG&A expenses 14,861 12,612 Short-term lease cost Operating and SG&A expenses 5,473 8,649 Total operating lease cost $ 40,820 $ 71,379 Finance lease cost Amortization of leased assets Depreciation and amortization $ 1,562 $ 475 Interest on lease liabilities Interest expense, net 287 89 Total finance lease cost $ 1,849 $ 564 Supplemental cash flow information related to leases was as follows: Year Ended December 31, (In thousands) 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used under operating lease agreements $ 22,507 $ 50,605 Operating cash flows used under finance lease agreements 191 87 Financing cash flows used under finance lease agreements 1,283 527 Supplemental balance sheet information related to leases was as follows: December 31, (In thousands) 2024 2023 Operating leases Operating lease right-of-use assets, gross (1) $ 92,784 $ 92,481 Accumulated amortization (1) (14,317) (13,085) Operating lease right-of-use assets, net $ 78,467 $ 79,396 Current portion of operating leases (1) $ 15,128 $ 13,745 Non-current operating leases (1) 78,328 81,325 Total operating lease liabilities $ 93,456 $ 95,070 Finance leases Property and equipment, gross $ 8,954 $ 5,719 Accumulated depreciation (4,932) (3,594) Property and equipment, net $ 4,022 $ 2,125 Current portion of finance leases $ 1,308 $ 158 Non-current finance leases 2,335 1,533 Total finance lease liabilities $ 3,643 $ 1,691 (1) The Company made a short-term lease accounting policy election and does not recognize ROU assets or liabilities for operating leases with terms of 12 months or less. The following presents additional information related to the Company’s leases as of December 31, 2024: December 31, 2024 2023 Weighted average remaining lease term Operating leases 8.9 years 7.3 years Finance leases 3.6 years 23.5 years Weighted average discount rate Operating leases 6.4 % 6.3 % Finance leases 3.9 % 6.8 % Maturities of Lease Liabilities As of December 31, 2024, maturities of lease liabilities were as follows: (In thousands) Operating Leases Finance Leases Total 2025 $ 20,530 $ 1,420 $ 21,950 2026 18,792 1,420 20,212 2027 15,764 283 16,047 2028 12,994 182 13,176 2029 9,615 182 9,797 Thereafter 47,765 394 48,159 Total lease payments 125,460 3,881 129,341 Amount of interest (32,004) (238) (32,242) Present value of lease liabilities $ 93,456 $ 3,643 $ 97,099 As of December 31, 2024, the Company had two lease agreements related to the Nevada Taverns segment that had not commenced yet. Company as Lessor The Company leases space to third-party tenants under operating leases primarily for retail and food and beverage outlets within its casino properties. Golden also enters into operating lease agreements with certain equipment providers for placement of amusement devices, gaming machines and automated teller machines within its casino properties and branded taverns. The leases have remaining lease terms of one Lease payments from tenants generally include minimum base rent, adjusted for contractual escalations as applicable, and/or contingent rental clauses based on a percentage of net sales exceeding minimum base rent. The Company records revenue on a straight-line basis over the term of the lease and recognizes revenue for contingent rentals when the contingency has been resolved. The Company combines lease and non-lease components for the purpose of measuring lease revenue, which is recorded in “Other revenue” in the Company’s consolidated statements of operations. Minimum and contingent operating lease income was as follows: Year Ended December 31, (In thousands) 2024 2023 2022 Minimum rental income $ 8,014 $ 8,234 $ 7,380 Contingent rental income 2,810 3,298 4,071 Total rental income $ 10,824 $ 11,532 $ 11,451 Future minimum rent payments to be received under operating leases are as follows (in thousands): Year Ending December 31, Amount 2025 $ 5,250 2026 4,265 2027 1,504 2028 1,000 2029 862 Thereafter 1,361 Total future minimum rent payments $ 14,242
Leases	Leases Company as Lessee The Company is a lessee under non-cancelable operating and finance leases for offices, taverns, land, vehicles, slot machines and equipment. In addition, prior to the sale of the Company’s distributed gaming operations, slot placement contracts in the form of space lease agreements at chain stores were accounted for as operating leases. The Company’s slot machine lease agreements with gaming equipment manufacturers were short-term in nature with the majority of such leases being under variable rent structure, with amounts determined based on the performance of the leased machines. Certain other short-term slot machine lease agreements were under fixed fee payment structure. The leases have remaining lease terms of less than 1 year and up to 73 years, some of which include options to extend the leases for an additional 1 to 25 years. The Company’s equipment leases include options to terminate the lease with 30 day notice. The Company assesses the options to extend or terminate the lease using a threshold of reasonably certain. For leases the Company is reasonably certain to renew, those option periods are included within the lease term and, therefore, the measurement of the ROU asset and lease liability. The Company’s lease agreements for land, buildings and taverns with lease and non-lease components are accounted for separately. The lease and non-lease components of certain vehicle and equipment leases are accounted for as a single lease component. The Company’s lease agreements do not contain any material residual value guarantees, restrictions or covenants. Lease expense for arrangements with a fixed fee payment structure is recognized on a straight-line basis over the lease term. Lease expense for arrangements under a variable rent structure is recognized in the period in which the obligation for the payment is incurred. The current and non-current obligations under finance leases are included in “ Current portion of long-term debt and finance leases Long-term debt, net and non-current finance leases The components of lease expense were as follows: Year Ended December 31, (In thousands) Classification 2024 2023 Operating lease cost Operating lease cost Operating and SG&A expenses $ 20,486 $ 50,118 Variable lease cost Operating and SG&A expenses 14,861 12,612 Short-term lease cost Operating and SG&A expenses 5,473 8,649 Total operating lease cost $ 40,820 $ 71,379 Finance lease cost Amortization of leased assets Depreciation and amortization $ 1,562 $ 475 Interest on lease liabilities Interest expense, net 287 89 Total finance lease cost $ 1,849 $ 564 Supplemental cash flow information related to leases was as follows: Year Ended December 31, (In thousands) 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used under operating lease agreements $ 22,507 $ 50,605 Operating cash flows used under finance lease agreements 191 87 Financing cash flows used under finance lease agreements 1,283 527 Supplemental balance sheet information related to leases was as follows: December 31, (In thousands) 2024 2023 Operating leases Operating lease right-of-use assets, gross (1) $ 92,784 $ 92,481 Accumulated amortization (1) (14,317) (13,085) Operating lease right-of-use assets, net $ 78,467 $ 79,396 Current portion of operating leases (1) $ 15,128 $ 13,745 Non-current operating leases (1) 78,328 81,325 Total operating lease liabilities $ 93,456 $ 95,070 Finance leases Property and equipment, gross $ 8,954 $ 5,719 Accumulated depreciation (4,932) (3,594) Property and equipment, net $ 4,022 $ 2,125 Current portion of finance leases $ 1,308 $ 158 Non-current finance leases 2,335 1,533 Total finance lease liabilities $ 3,643 $ 1,691 (1) The Company made a short-term lease accounting policy election and does not recognize ROU assets or liabilities for operating leases with terms of 12 months or less. The following presents additional information related to the Company’s leases as of December 31, 2024: December 31, 2024 2023 Weighted average remaining lease term Operating leases 8.9 years 7.3 years Finance leases 3.6 years 23.5 years Weighted average discount rate Operating leases 6.4 % 6.3 % Finance leases 3.9 % 6.8 % Maturities of Lease Liabilities As of December 31, 2024, maturities of lease liabilities were as follows: (In thousands) Operating Leases Finance Leases Total 2025 $ 20,530 $ 1,420 $ 21,950 2026 18,792 1,420 20,212 2027 15,764 283 16,047 2028 12,994 182 13,176 2029 9,615 182 9,797 Thereafter 47,765 394 48,159 Total lease payments 125,460 3,881 129,341 Amount of interest (32,004) (238) (32,242) Present value of lease liabilities $ 93,456 $ 3,643 $ 97,099 As of December 31, 2024, the Company had two lease agreements related to the Nevada Taverns segment that had not commenced yet. Company as Lessor The Company leases space to third-party tenants under operating leases primarily for retail and food and beverage outlets within its casino properties. Golden also enters into operating lease agreements with certain equipment providers for placement of amusement devices, gaming machines and automated teller machines within its casino properties and branded taverns. The leases have remaining lease terms of one Lease payments from tenants generally include minimum base rent, adjusted for contractual escalations as applicable, and/or contingent rental clauses based on a percentage of net sales exceeding minimum base rent. The Company records revenue on a straight-line basis over the term of the lease and recognizes revenue for contingent rentals when the contingency has been resolved. The Company combines lease and non-lease components for the purpose of measuring lease revenue, which is recorded in “Other revenue” in the Company’s consolidated statements of operations. Minimum and contingent operating lease income was as follows: Year Ended December 31, (In thousands) 2024 2023 2022 Minimum rental income $ 8,014 $ 8,234 $ 7,380 Contingent rental income 2,810 3,298 4,071 Total rental income $ 10,824 $ 11,532 $ 11,451 Future minimum rent payments to be received under operating leases are as follows (in thousands): Year Ending December 31, Amount 2025 $ 5,250 2026 4,265 2027 1,504 2028 1,000 2029 862 Thereafter 1,361 Total future minimum rent payments $ 14,242

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Participation Agreements Prior to its sale, the Company’s distributed gaming operations included slot placement contracts in the form of participation agreements. Under participation agreements, the Company and the business location each held a state issued gaming license in order to be able to receive a percentage of gaming revenue earned on the Company’s slot machines. The business location retained a percentage of the gaming revenue generated from the Company’s slot machines. The Company was considered to be the principal in these arrangements and therefore, recorded its share of revenue generated under participation agreements on a gross basis with the business location’s share of revenue recorded as gaming expenses. The aggregate contingent payments recognized by the Company as gaming expenses under participation agreements were $3.9 million, $192.7 million and $215.0 million for the years ended December 31, 2024, 2023 and 2022, respectively. Collective Bargaining Agreements As of December 31, 2024, approximately 1,500 of the Company’s approximately 5,300 employees were covered by various collective bargaining agreements. The Company’s collective bargaining agreements expire between 2026 and 2028. The collective bargaining agreement with the Professional, Clerical and Miscellaneous Employees, Teamsters Local Union 986 (valet and warehouse) expired on March 31, 2024 and the collective bargaining agreement with the International Union of Security, Police, and Fire Professionals of America expired on February 28, 2025. The Company is in the process of negotiating extensions of both agreements. There can be no assurance that, upon the expiration of existing collective bargaining agreements, new agreements will be reached without union action or that any such new agreements will be on terms satisfactory to the Company. Employment Agreements The Company has entered into at-will employment agreements with certain of the Company’s executive officers. Under each employment agreement, in addition to the executive’s annual base salary, the executive is entitled to participate in the Company’s incentive compensation programs applicable to executive officers of the Company. The executive officers are also eligible to participate in all health benefits, insurance programs, pension and retirement plans and other employee benefit and compensation arrangements. Each executive officer is also provided with other benefits as set forth in his employment agreement. In the event of a termination without “cause” or a “constructive termination” of the Company’s executive officers (as defined in their respective employment agreements), the Company could be liable for estimated severance payments of up to $5.3 million for Blake L. Sartini, $3.4 million for Charles H. Protell and $2.2 million for Blake L. Sartini II (assuming each officer’s respective annual salary and health benefit costs as of December 31, 2024, subject to amounts in effect at the time of termination and excluding potential expense related to acceleration of stock options, RSUs and PSUs). Legal Matters and Other From time to time, the Company is involved in a variety of lawsuits, claims, investigations and other legal proceedings arising in the ordinary course of business, including proceedings concerning labor and employment matters, personal injury claims, breach of contract claims, commercial disputes, business practices, intellectual property, tax and other matters for which the Company records reserves. Although lawsuits, claims, investigations and other legal proceedings are inherently uncertain and their results cannot be predicted with certainty, the Company believes that the resolution of its currently pending matters should not have a material adverse effect on its business, financial condition, results of operations or liquidity. Regardless of the outcome, legal proceedings can have an adverse impact on the Company because of defense costs, diversion of management resources and other factors. In addition, it is possible that an unfavorable resolution of one or more such proceedings could in the future materially and adversely affect the Company’s business, financial condition, results of operations or liquidity in a particular period.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2024
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions In November 2018, the Company entered into a lease agreement for office space in a building adjacent to the Company’s office headquarters building to be constructed and owned by a company 33% beneficially owned by Blake L. Sartini, 3% beneficially owned by Stephen A. Arcana, and 1.67% owned by each of Mr. Sartini’s three children (including Blake L. Sartini, II). Mr. Sartini serves as the Chairman of the Board and Chief Executive Officer of the Company and is co-trustee of The Blake L. Sartini and Delise F. Sartini Family Trust, which is a significant shareholder of the Company. Mr. Arcana serves as the Company’s Chief Development Officer. Mr. Sartini II serves as the Company’s Chief Operating Officer. The lease commenced in August 2020 and expires on December 31, 2030. The Company incurred rent expense of $0.3 million for each of the years ended December 31, 2024, 2023 and 2022. A portion of the Company’s office headquarters building is sublet to Sartini Enterprises, Inc., a company controlled by Mr. Sartini. Rental income during each of the years ended December 31, 2024, 2023 and 2022 for the sublet portion of the office headquarters building was less than $0.1 million. No amount was owed to the Company under such sublease as of December 31, 2024 and 2023. From time to time, the Company’s executive officers and employees use a private aircraft leased to Sartini Enterprises, Inc. for Company business purposes pursuant to aircraft time-sharing, co-user and various cost-sharing agreements between the Company and Sartini Enterprises, Inc., all of which have been approved by the Audit Committee of the Board of Directors. The aircraft time-sharing, co-user and cost-sharing agreements specify the maximum expense reimbursement that Sartini Enterprises, Inc. can charge the Company under the applicable regulations of the Federal Aviation Administration for the use of the aircraft and the flight crew. Such costs include fuel, landing fees, hangar and tie-down costs away from the aircraft’s operating base, flight planning and weather contract services, crew costs and other related expenses. The Company’s compliance department reviews the cost-sharing arrangements and reimbursements on a regular basis. On August 6, 2024, the Audit Committee of the Board of Directors approved an amendment to the aircraft time-sharing, co-user and cost-sharing agreement in connection with Sartini Enterprises, Inc.’s purchase of the aircraft. The terms and conditions of the amendment are materially consistent with the original agreement. The Company incurred $0.1 million, $0.3 million and $0.6 million under the aircraft time-sharing, co-user and various cost-sharing agreements with Sartini Enterprises, Inc. for the years ended December 31, 2024, 2023 and 2022, respectively. The Company was owed $0.1 million under such agreements as of December 31, 2024 and 2023.

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Segment Information	Segment Information The Company’s management views each of its casino properties located in Las Vegas, the casino properties located in Laughlin and Pahrump and its branded taverns as an operating segment. Operating segments are aggregated based on their similar economic characteristics, types of customers, types of services and products provided, and their management and reporting structure. The Company has aggregated its operating segments into three reportable segments: Nevada Casino Resorts, Nevada Locals Casinos and Nevada Taverns. The Nevada Casino Resorts segment is comprised of destination casino resort properties offering a variety of food and beverage outlets, entertainment venues and other amenities. The casino resort properties in this segment cater primarily to a regional drive-in customer base seeking a value-oriented vacation experience, with guests typically traveling from Southern California or Arizona. The Company’s casino resort properties in Nevada have a significantly larger number of hotel rooms compared to the other casino properties in its portfolio. While hotel stays at these casino resorts are typically longer, the overall frequency of visitation from guests is lower when compared to the Nevada Locals Casinos. The Nevada Locals Casinos segment is comprised of casino properties that cater to local customers who generally live within a five-mile radius of these properties. The Company’s locals casino properties typically experience a higher frequency of customer visits compared to its casino resort properties, with many of the customers visiting the Company’s Nevada Locals Casinos on a weekly basis. The casino properties within this reportable segment have a limited number or no hotel rooms and offer fewer food and beverage outlets or other amenities, with revenues primarily generated from slot machine play. The Nevada Taverns segment is comprised of branded tavern locations that offer a casual, upscale environment catering to local patrons offering superior food, craft beer and other alcoholic beverages and are typically limited to 15 slot machines. Prior to the sale of the Company’s distributed gaming operations in Nevada, the Company owned and operated the slot machines located within each tavern. Following the sale, slot machines at the Company’s branded tavern locations are owned and operated by the independent third-party that acquired the distributed gaming operations from the Company. Accordingly, the Company typically receives a large percentage of the gaming revenue from the tavern slot machines in exchange for allowing the independent third-party to place the slot machines in the taverns. As discussed in “ Note 1 — Nature of Business and Basis of Presentation ” and “ Note 3 — Divestitures ,” the Company completed the sales of Rocky Gap and its distributed gaming operations in Montana and Nevada on July 25, 2023, September 13, 2023 and January 10, 2024, respectively. Prior to its sale, the operations of Rocky Gap were presented in the Company’s Maryland Casino Resort reportable segment. Prior to its sale, the results of the distributed gaming operations in Montana were combined with the results of the distributed gaming operations in Nevada and presented in the Company’s Distributed Gaming reportable segment. Accordingly, the segment expense categories for the reportable segments divested in 2023 and 2024 were not material in 2024, or the year of adoption of the ASU No. 2023-07 discussed in “ Note 1 — Nature of Business and Basis of Presentation ,” and thus, were not presented separately in the tables below. The Corporate and Other category includes certain unallocated corporate overhead costs not easily allocable to reportable segments as to do so would not be practical. The Company presents Adjusted EBITDA in its segment disclosures because it is the primary metric used by the Company’s chief operating decision maker in measuring both the Company’s past and future expectations of performance and it is the metric the Company’s annual performance plan used to determine compensation of its executive officers and employees is tied to. Adjusted EBITDA represents each segment’s earnings before depreciation and amortization, non-cash lease benefit or expense, share-based compensation expense, gain or loss on disposal of assets and businesses, loss on debt extinguishment and modification, preopening and related expenses, impairment of assets, interest, income taxes, and other non-cash charges that are deemed to be not indicative of the Company’s core operating results, calculated before corporate overhead. The function of the chief operating decision maker (“CODM”) is currently performed by the Company’s Chief Executive Officer and Chairman of the Company’s Board of Directors. The CODM assesses performance of each reportable segment and decides how to allocate resources based on the monthly review of the budget-to-actual and current period versus prior year comparable period Adjusted EBITDA results. The Company’s revenues, significant expenses and Adjusted EBITDA by reportable segment and reconciliation of the total of the Company’s consolidated Adjusted EBITDA to the Company’s consolidated net income determined in accordance with GAAP are presented in the table below: Year Ended December 31, 2024 (In thousands) Nevada Casino Resorts Nevada Locals Casinos Nevada Taverns Distributed Gaming (1) Total Reportable Segments Corporate and Other Consolidated Revenues Gaming $ 155,472 $ 106,531 $ 51,283 $ 5,981 $ 319,267 $ — $ 319,267 Food and beverage 95,082 26,669 50,157 17 171,925 — 171,925 Rooms 109,941 9,624 — — 119,565 — 119,565 Other (2) 38,644 8,148 8,283 21 55,096 965 56,061 Total revenues 399,139 150,972 109,723 6,019 665,853 965 666,818 Segment (expenses) income Payroll and related (156,550) (37,951) (27,759) — (222,260) — (222,260) Operating expenses (121,361) (38,837) (39,305) — (199,503) — (199,503) Cost of sales (22,437) (8,657) (15,166) — (46,260) — (46,260) Other segment items (3) (4) (5) 4,547 977 (356) (5,535) (367) (43,053) (43,420) Adjusted EBITDA $ 103,338 $ 66,504 $ 27,137 $ 484 $ 197,463 $ (42,088) $ 155,375 Adjustments Depreciation and amortization (90,034) Non-cash lease benefit 380 Share-based compensation (10,434) Gain on disposal of assets 213 Gain on sale of businesses 69,238 Loss on debt extinguishment and modification (4,446) Preopening and related expenses (508) Impairment of assets (2,399) Other, net (9,707) Interest expense, net (34,884) Income before income tax provision 72,794 Income tax provision (22,063) Net income $ 50,731 (1) Relates to the distributed gaming operations in Nevada sold on January 10, 2024. (2) Includes lease revenue accounted for under ASC 842 for the arrangements in which the Company is a lessor. Refer to “ Note 2 — Summary of Significant Accounting Policies ” and “ Note 12 — Leases ” for details. (3) Other segment items for each reportable segment included the following items: • Nevada Casino Resorts — expenses included depreciation and amortization, non-cash lease benefit, share-based compensation, loss on disposal of assets, interest expense, and other non-cash charges that are deemed to be not indicative of the Company’s core operating results. • Nevada Locals Casinos — expenses included depreciation and amortization, non-cash lease expense, gain on disposal of assets, impairment of assets, interest expense, and other non-cash charges that are deemed to be not indicative of the Company’s core operating results. • Nevada Taverns — expenses included depreciation and amortization, non-cash lease benefit, loss on disposal of assets, interest expense, preopening expenses, and other non-cash charges that are deemed to be not indicative of the Company’s core operating results. (4) Other segment items for the Distributed Gaming reportable segment divested in 2024 for the period of January 1, 2024 - January 10, 2024 included payroll and related, operating expenses, cost of sales and interest expense. (5) Other segment items in Corporate and Other included payroll and related, operating expenses, depreciation and amortization, non-cash lease expense, share-based compensation, gain on disposal of assets, gain on sale of businesses, loss on debt extinguishment and modification, interest expense and other non-cash charges that are deemed to be not indicative of the Company’s core operating results. Year Ended December 31, 2023 (In thousands) Nevada Casino Resorts Nevada Locals Casinos Nevada Taverns Distributed Maryland Casino Resort Total Reportable Segments Corporate and Other Consolidated Revenues Gaming $ 160,371 $ 112,772 $ 52,817 $ 315,182 $ 33,159 $ 674,301 $ — $ 674,301 Food and beverage 98,748 26,372 51,642 765 4,881 182,408 — 182,408 Rooms 109,996 10,331 — — 4,322 124,649 — 124,649 Other (1) 43,943 7,960 4,756 4,733 1,094 62,486 9,305 71,791 Total revenues 413,058 157,435 109,215 320,680 43,456 1,043,844 9,305 1,053,149 Segment (expenses) income Payroll and related (147,730) (36,884) (25,052) — — (209,666) — (209,666) Operating expenses (125,385) (39,278) (36,102) — — (200,765) — (200,765) Cost of sales (22,531) (8,545) (15,447) — — (46,523) — (46,523) Other segment items (2) (3) (4) 2,844 1,118 68 (286,135) (30,804) (312,909) (60,764) (373,673) Adjusted EBITDA $ 120,256 $ 73,846 $ 32,682 $ 34,545 $ 12,652 $ 273,981 $ (51,459) $ 222,522 Adjustments Depreciation and amortization (88,933) Non-cash lease benefit 15 Share-based compensation (13,476) Gain on disposal of assets 228 Gain on sale of businesses 303,179 Loss on debt extinguishment and modification (1,734) Preopening and related expenses (760) Impairment of assets (12,072) Other, net (11,491) Interest expense, net (65,515) Income before income tax provision 331,963 Income tax provision (76,207) Net income $ 255,756 (1) Includes lease revenue accounted for under ASC 842 for the arrangements in which the Company is a lessor. Refer to “ Note 2 — Summary of Significant Accounting Policies ” and “ Note 12 — Leases ” for details. (2) Other segment items for each reportable segment included the following expenses: • Nevada Casino Resorts — expenses included depreciation and amortization, non-cash lease benefit, gain on disposal of assets, interest expense, impairment of assets, preopening expenses, and other non-cash charges that are deemed to be not indicative of the Company’s core operating results. • Nevada Locals Casinos — expenses included depreciation and amortization, non-cash lease expense, gain on disposal of assets, interest expense, preopening expenses, and other non-cash charges that are deemed to be not indicative of the Company’s core operating results. • Nevada Taverns — expenses included depreciation and amortization, non-cash lease benefit, loss on disposal of assets, interest expense, preopening expenses, and other non-cash charges that are deemed to be not indicative of the Company’s core operating results. (3) Other segment items for the reportable segments divested in 2023: • Distributed Gaming — expenses included payroll and related, operating expenses, depreciation and amortization, non-cash lease expense, gain on disposal of assets, interest expense and other non-cash charges that are deemed to be not indicative of the Company’s core operating results. • Maryland Casino Resort — expenses included payroll and related, operating expenses, interest expense and other non-cash charges that are deemed to be not indicative of the Company’s core operating results. (4) Other segment items in Corporate and Other included payroll and related, operating expenses, depreciation and amortization, non-cash lease expense, share-based compensation, gain on sale of businesses, loss on debt extinguishment and modification, interest expense and other non-cash charges that are deemed to be not indicative of the Company’s core operating results. Year Ended December 31, 2022 (In thousands) Nevada Casino Resorts Nevada Locals Casinos Nevada Taverns Distributed Maryland Casino Resort Total Reportable Segments Corporate and Other Consolidated Revenues Gaming $ 175,014 $ 114,388 $ 53,619 $ 358,332 $ 59,553 $ 760,906 $ — $ 760,906 Food and beverage 89,424 25,219 51,564 716 8,440 175,363 — 175,363 Rooms 104,375 10,162 — — 7,787 122,324 — 122,324 Other (1) 38,137 7,745 4,782 6,424 2,230 59,318 3,808 63,126 Total revenues 406,950 157,514 109,965 365,472 78,010 1,117,911 3,808 1,121,719 Segment (expenses) income Payroll and related (137,259) (36,778) (23,380) — — (197,417) — (197,417) Operating expenses (113,559) (36,425) (33,133) — — (183,117) — (183,117) Cost of sales (22,110) (8,594) (15,879) — — (46,583) — (46,583) Other segment items (2) (3) (4) 1,082 131 37 (321,451) (52,627) (372,828) (54,694) (427,522) Adjusted EBITDA $ 135,104 $ 75,848 $ 37,610 $ 44,021 $ 25,383 $ 317,966 $ (50,886) $ 267,080 Adjustments Depreciation and amortization (100,123) Non-cash lease expense (165) Share-based compensation (13,433) Loss on disposal of assets (934) Loss on debt extinguishment and modification (1,590) Preopening and related expenses (161) Other, net (4,317) Interest expense, net (63,490) Income before income tax provision 82,867 Income tax provision (521) Net income $ 82,346 (1) Includes lease revenue accounted for under ASC 842 for the arrangements in which the Company is a lessor. Refer to “ Note 2 — Summary of Significant Accounting Policies ” and “ Note 12 — Leases ” for details. (2) Other segment items for each reportable segment included the following items: • Nevada Casino Resorts — expenses included depreciation and amortization, non-cash lease benefit, loss on disposal of assets, interest expense, preopening expenses, and other non-cash charges that are deemed to be not indicative of the Company’s core operating results. • Nevada Locals Casinos — expenses included depreciation and amortization, non-cash lease expense, loss on disposal of assets, interest expense, and other non-cash charges that are deemed to be not indicative of the Company’s core operating results. • Nevada Taverns — expenses included depreciation and amortization, non-cash lease expense, loss on disposal of assets, interest expense, preopening expenses, and other non-cash charges that are deemed to be not indicative of the Company’s core operating results. (3) Other segment items for the reportable segments divested in 2023 and 2024 included the following expenses: • Distributed Gaming — expenses included payroll and related, operating expenses, depreciation and amortization, non-cash lease expense, gain on disposal of assets, interest expense, and other non-cash charges that are deemed to be not indicative of the Company’s core operating results. • Maryland Casino Resort — expenses included payroll and related, operating expenses, depreciation and amortization, non-cash lease benefit, interest expense, and other non-cash charges that are deemed to be not indicative of the Company’s core operating results. (4) Other segment items in Corporate and Other included payroll and related, operating expenses, depreciation and amortization, non-cash lease expense, share-based compensation, loss on debt extinguishment and modification, interest expense and other non-cash charges that are deemed to be not indicative of the Company’s core operating results. Assets The Company’s assets by segment consisted of the following amounts: (In thousands) Nevada Casino Resorts Nevada Locals Casinos Nevada Taverns Distributed Gaming Total Reportable Segments Corporate and Other Consolidated Balance at December 31, 2024 $ 714,907 $ 158,864 $ 151,633 $ — $ 1,025,404 $ 54,502 $ 1,079,906 Balance at December 31, 2023 $ 758,622 $ 160,059 $ 148,250 $ 204,271 $ 1,271,202 $ 181,081 $ 1,452,283 Capital Expenditures The Company’s capital expenditures by segment consisted of the following amounts: (In thousands) Nevada Casino Resorts (1) Nevada Locals Casinos (2) Nevada Taverns (3) Distributed Gaming (4) Maryland Casino Resort Total Reportable Segments Corporate and Other (5) Consolidated For the year ended December 31, 2024 $ 29,012 $ 11,648 $ 4,744 $ 240 $ — $ 45,644 $ 4,256 $ 49,900 For the year ended December 31, 2023 $ 60,441 $ 5,691 $ 3,369 $ 9,537 $ 435 $ 79,473 $ 6,404 $ 85,877 For the year ended December 31, 2022 $ 26,347 $ 4,035 $ 2,712 $ 9,146 $ 1,878 $ 44,118 $ 7,301 $ 51,419 (1) Capital expenditures in the Nevada Casino Resorts segment excluded non-cash purchases of property and equipment of $1.2 million, $1.0 million, and $5.0 million as of December 31, 2024, 2023, and 2022, respectively. (2) Capital expenditures in the Nevada Locals Casinos segment excluded non-cash purchases of property and equipment of $0.3 million and $0.1 million as of December 31, 2024 and 2022, respectively. (3) Capital expenditures in the Nevada Taverns segment excluded non-cash purchases of property and equipment of $0.2 million, $0.7 million and $0.2 million as of December 31, 2024, 2023 and 2022, respectively. (4) Capital expenditures in the Distributed Gaming segment excluded non-cash purchases of property and equipment of $0.2 million as of December 31, 2023. (5)

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events The Company’s management evaluates subsequent events through the date of issuance of the consolidated financial statements. As discussed in “ Note 8 — Shareholders’ Equity and Stock Incentive Plans ,” subsequent to the fiscal year end, on February 25, 2025, the Company’s Board of Directors authorized its next recurring quarterly cash dividend of $0.25 per share of the Company’s common stock payable on April 2, 2025 to shareholders of record as of March 21, 2025. There were no additional subsequent events that occurred after December 31, 2024 but prior to the date of issuance of the consolidated financial statements that would require adjustment to or disclosure in the consolidated financial statements as of December 31, 2024.

SCHEDULE II _ VALUATION AND QUA

SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS	12 Months Ended
	Dec. 31, 2024
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS	GOLDEN ENTERTAINMENT, INC. SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS (In thousands) Balance –Beginning of Period Increase Decrease Balance – End of Period Deferred income tax valuation allowance: Year Ended December 31, 2024 $ — $ — $ — $ — Year Ended December 31, 2023 5,680 — (5,680) — Year Ended December 31, 2022 30,783 — (25,103) 5,680

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net income	$ 50,731	$ 255,756	$ 82,346

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	12 Months Ended
	Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Cybersecurity Risk Management a

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
	Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	Maintaining and improving our cybersecurity capabilities is a high priority for our business. We have developed and implemented a cybersecurity risk management program intended to protect the confidentiality, integrity, and availability of our critical systems and information. Our cybersecurity risk management program includes a cybersecurity incident response plan. We design and assess our cybersecurity risk management program based on the National Institute of Standards and Technology Cybersecurity Framework. This does not imply that we meet any particular technical standards, specifications, or requirements, only that we use industry standard frameworks as a guide to help us identify, assess, and manage cybersecurity risks relevant to our business. Our cybersecurity risk management program is integrated into our overall enterprise risk management program, and shares common methodologies, reporting channels and governance processes that apply across the enterprise risk management program to other legal, compliance, strategic, operational, and financial risk areas. We use an overall risk management process by coordinating with other departments such as human resources, legal, finance, accounting, and business operations. As part of our cybersecurity risk management program, we regularly perform a comprehensive risk assessment to help identify material cybersecurity risks, including vulnerability analysis, industry-specific risks, and required regulatory adherence. We also use external third-party service providers, where appropriate, to assess, test or otherwise assist us with aspects of our cybersecurity program. We manage material risk from cybersecurity threats by implementing a three-year strategic plan addressing the design, implementation, monitoring, and maintenance of preventative technologies and controls related to cybersecurity. This plan is reviewed and tailored annually for any relevant changes in business operations or new initiatives. In addition, our cybersecurity risk management program includes (1) a security team principally responsible for managing our cybersecurity risk assessment processes, our security controls, our response to cybersecurity incidents, and the performance of our managed security service provider; (2) a cybersecurity incident response plan that includes procedures for responding to cybersecurity incidents; and (3) a third-party risk management process for service providers, suppliers and vendors. State privacy laws are continually evaluated and applied as required. In addition, the Nevada Gaming Control Board issues information technology internal control standards, which we use to evaluate our internal and external audit procedures on an annual basis. We also maintain cybersecurity awareness and training programs through our learning management platform as well as through our internal policies and certifications, which are subject to review and oversight by our management and our Board of Directors. All newly hired team members are required to take training courses with a particular focus on the acceptable use of technology and related cybersecurity risks. E-mail phishing training and testing are performed routinely throughout the year. We have not identified risks from known cybersecurity threats, including as a result of any prior cybersecurity incidents, which have materially affected us, including our operations, business strategy, results of operations, or financial condition.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	Our cybersecurity risk management program is integrated into our overall enterprise risk management program, and shares common methodologies, reporting channels and governance processes that apply across the enterprise risk management program to other legal, compliance, strategic, operational, and financial risk areas.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	Our Board of Directors considers cybersecurity risk as part of its risk oversight function and has delegated to the Audit Committee of our Board of Directors oversight of cybersecurity and other information technology risks. The Audit Committee oversees management’s implementation of our cybersecurity risk management program. The Audit Committee receives semi-annual reports from our General Counsel and Chief Technology Officer on our cybersecurity risks and the implementation of our cybersecurity risk management program. In addition, management updates the Audit Committee, as necessary, regarding any material cybersecurity incidents, as well as any incidents with lesser impact potential.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Audit Committee reports to our Board of Directors regarding its activities, including those related to cybersecurity. Our Board of Directors also receives briefings from management on our cyber risk management program, including presentations on cybersecurity topics from our Chief Technology Officer, internal security staff or external experts as part of the Board’s continuing education on topics that impact public companies.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	Our Board of Directors considers cybersecurity risk as part of its risk oversight function and has delegated to the Audit Committee of our Board of Directors oversight of cybersecurity and other information technology risks. The Audit Committee oversees management’s implementation of our cybersecurity risk management program. The Audit Committee receives semi-annual reports from our General Counsel and Chief Technology Officer on our cybersecurity risks and the implementation of our cybersecurity risk management program. In addition, management updates the Audit Committee, as necessary, regarding any material cybersecurity incidents, as well as any incidents with lesser impact potential. The Audit Committee reports to our Board of Directors regarding its activities, including those related to cybersecurity. Our Board of Directors also receives briefings from management on our cyber risk management program, including presentations on cybersecurity topics from our Chief Technology Officer, internal security staff or external experts as part of the Board’s continuing education on topics that impact public companies.
Cybersecurity Risk Role of Management [Text Block]	Our management team has formed a dedicated group, including our General Counsel, Chief Technology Officer, and key information technology team members from our information technology security, compliance, vendor management office and our project management office, which is responsible for assessing and managing our material risks from cybersecurity threats. This group meets on a quarterly basis to discuss the results of our cybersecurity and privacy matters and to evaluate new technologies from a security, operational, and regulatory perspective prior to their implementation. Their findings are summarized in a comprehensive report that is reviewed by our Audit Committee. Our Chief Technology Officer has over 30 years of experience in cybersecurity related to infrastructure (on-premise and cloud based), security (managed both internally and by third-party providers), and development (agile and waterfall methodologies). Our Chief Technology Officer is supported by a team of information security and compliance professionals and third-party partners.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	The Audit Committee reports to our Board of Directors regarding its activities, including those related to cybersecurity. Our Board of Directors also receives briefings from management on our cyber risk management program, including presentations on cybersecurity topics from our Chief Technology Officer, internal security staff or external experts as part of the Board’s continuing education on topics that impact public companies.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	Our Chief Technology Officer has over 30 years of experience in cybersecurity related to infrastructure (on-premise and cloud based), security (managed both internally and by third-party providers), and development (agile and waterfall methodologies). Our Chief Technology Officer is supported by a team of information security and compliance professionals and third-party partners.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	Our Board of Directors considers cybersecurity risk as part of its risk oversight function and has delegated to the Audit Committee of our Board of Directors oversight of cybersecurity and other information technology risks. The Audit Committee oversees management’s implementation of our cybersecurity risk management program. The Audit Committee receives semi-annual reports from our General Counsel and Chief Technology Officer on our cybersecurity risks and the implementation of our cybersecurity risk management program. In addition, management updates the Audit Committee, as necessary, regarding any material cybersecurity incidents, as well as any incidents with lesser impact potential. The Audit Committee reports to our Board of Directors regarding its activities, including those related to cybersecurity. Our Board of Directors also receives briefings from management on our cyber risk management program, including presentations on cybersecurity topics from our Chief Technology Officer, internal security staff or external experts as part of the Board’s continuing education on topics that impact public companies. Our management team has formed a dedicated group, including our General Counsel, Chief Technology Officer, and key information technology team members from our information technology security, compliance, vendor management office and our project management office, which is responsible for assessing and managing our material risks from cybersecurity threats. This group meets on a quarterly basis to discuss the results of our cybersecurity and privacy matters and to evaluate new technologies from a security, operational, and regulatory perspective prior to their implementation. Their findings are summarized in a comprehensive report that is reviewed by our Audit Committee. Our Chief Technology Officer has over 30 years of experience in cybersecurity related to infrastructure (on-premise and cloud based), security (managed both internally and by third-party providers), and development (agile and waterfall methodologies). Our Chief Technology Officer is supported by a team of information security and compliance professionals and third-party partners.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Use of Estimates	The preparation of financial statements in conformity with generally accepted accounting principles in the United States (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the balance sheet date and reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Basis of Presentation	The accompanying consolidated financial statements include the accounts of the Company and its subsidiaries. All material intercompany accounts and transactions have been eliminated in consolidation. Reclassifications were made to the Company’s prior period consolidated financial statements to conform to the current period presentation, where applicable. These reclassifications had no effect on previously reported net income.
Cash and Cash Equivalents	Cash and cash equivalents include cash on hand and in banks and highly liquid investments with original maturities of three months or less.
Accounts Receivable	Accounts receivable consist primarily of gaming, hotel and other receivables, net of allowance for credit losses. Accounts receivable are non-interest bearing and are initially recorded at cost. An estimated allowance for credit losses is maintained to reduce the Company’s accounts receivable to their expected net realizable value based on specific reviews of customer accounts, the age of such accounts, management’s assessment of the customer’s financial condition, historical and current collection experience and management’s expectations of future collection trends based on the current and forecasted economic and business conditions. Accounts are written off when management deems them to be uncollectible. Recoveries of accounts previously written off are recorded when received. Historically, the Company’s estimated allowance for credit losses has been consistent with such losses.
Inventories	Inventories consist primarily of food and beverage and retail items and are stated at the lower of cost or net realizable value. Cost is determined using the first-in, first-out and the average cost inventory methods.
Assets Held For Sale	The Company classifies assets as held for sale when a sale is probable, is expected to be completed within one year, and the asset group meets all of the accounting criteria to be classified as held for sale. The assets and liabilities of a disposal group classified as held for sale are presented separately in the asset and liability sections, respectively, of the consolidated balance sheets. The Company presents the major classes of assets and liabilities classified as held for sale separately in the notes to the consolidated financial statements. The Company ceases recording depreciation and amortization of the long-lived assets included in the sale upon classification as held for sale. Gains or losses associated with the disposal of assets held for sale are recorded within operating expenses.
Property and Equipment	Property and equipment is stated at cost less accumulated depreciation. Assets held under finance lease agreements are stated at the lower of the present value of the future minimum lease payments or fair value at the inception of the lease. Expenditures for major additions, renewals and improvements are capitalized while costs of routine repairs and maintenance are expensed when incurred. A significant amount of the Company’s property and equipment was acquired through business acquisitions and therefore, was initially recognized at fair value on the effective date of the applicable acquisition transaction. Depreciation of property and equipment is computed using the straight-line method over the following estimated useful lives: Building and improvements 10 - 40 years Furniture and equipment 3 - 15 years Leasehold improvements 2 - 15 years The Company reviews the carrying amounts of its long-lived assets, other than goodwill and indefinite-lived intangible assets, for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. Recoverability is evaluated by comparing the estimated future cash flows of the asset, on an undiscounted basis, to its carrying amount. If the undiscounted estimated future cash flows exceed the carrying amount, no impairment is indicated. If the undiscounted estimated future cash flows do not exceed the carrying amount, impairment is recorded based on the difference between the asset’s estimated fair value and its carrying amount. The estimation of fair value requires management to make critical estimates, judgments and assumptions, such as: the valuation methodology, the estimated future cash flows, the discount rate, future growth rates, operating margins and forecasted capital expenditures used to calculate the present value of such cash flows. Application of alternative estimates and assumptions could produce significantly different results, especially with regards to estimated future cash flows, as they are, by their nature, subjective and actual results may differ materially from such estimates. Cash flow estimates are unpredictable and inherently uncertain because they are based on the current regulatory, political and economic climates, recent operating information and projections. Such estimates could be negatively impacted by changes in federal, state or local regulations, economic downturns, competition, events affecting various forms of travel and access to our properties, and other factors. The Company’s long-lived asset impairment tests are performed at the reporting unit level.
Goodwill, Indefinite-Lived Intangible Assets and Finite-Lived Intangible Assets	The Company tests its goodwill and indefinite-lived intangible assets for impairment annually during the fourth quarter of each year, and whenever events or circumstances indicate that it is more likely than not that impairment may have occurred. The Company’s indefinite-lived intangible assets are comprised of trade names acquired in a business combination. The fair value of the Company’s trade names is estimated using the relief from royalty method under the income approach at each of the reporting units. Indefinite-lived intangible assets are not amortized unless it is determined that an asset’s useful life is no longer indefinite. The Company periodically reviews its indefinite-lived assets to determine whether events and circumstances continue to support an indefinite useful life. If an indefinite-lived intangible asset no longer has an indefinite life, the asset is tested for impairment and is subsequently accounted for as a finite-lived intangible asset. When performing testing for impairment, the Company either conducts a qualitative assessment to determine whether it is more likely than not that the asset is impaired, or elects to bypass this qualitative assessment and perform a quantitative test. Under the qualitative assessment, the Company considers both positive and negative factors, including macroeconomic conditions, industry events, financial performance and other changes, and makes a determination of whether it is more likely than not that the fair value of goodwill is less than its carrying amount. If, after assessing the qualitative factors, the Company determines that it is more likely than not the asset is impaired, it then performs a quantitative test in which the estimated fair value of the reporting unit is compared to its carrying amount, including goodwill. Impairment testing for goodwill is performed at the reporting unit level. When performing the quantitative test, the Company estimates the fair value of each reporting unit using the expected present value of future cash flows along with value indications based on current valuation multiples of the Company and comparable publicly traded companies. The estimation of fair value requires management to make critical estimates, judgments and assumptions, such as: the valuation methodology, the estimated future cash flows for each of the reporting units, the discount rate, future growth rates and operating margins used to calculate the present value of such cash flows, current valuation multiple and multiples of comparable publicly traded companies, and royalty rate to be applied to valuation of our trade names. Application of alternative estimates and assumptions could produce significantly different results, especially with regards to estimated future cash flows, as they are, by their nature, subjective and actual results may differ materially from such estimates. Cash flow estimates are unpredictable and inherently uncertain because they are based on the current regulatory, political and economic climates, recent operating information and projections. Such estimates could be negatively impacted by changes in federal, state or local regulations, economic downturns, competition, events affecting various forms of travel and access to the Company’s properties, and other factors. If the Company’s estimates of future cash flows are not met or if there are changes in significant assumptions and judgments used in the estimation process, the Company may be required to record impairment charges in the future, whether in connection with its regular review procedures, or earlier, if an indicator of an impairment is present prior to such evaluation. The Company’s finite-lived intangible assets primarily represent assets related to its player relationships and non-compete agreements that were acquired in a business combination. Finite-lived intangible assets are amortized over their estimated useful lives using the straight-line method. The Company periodically evaluates the remaining useful lives of its finite-lived intangible assets to determine whether events and circumstances warrant a revision to the remaining period of amortization. The Company’s player relationships represent the value associated with its rated casino and branded tavern guests. The initial fair value of these intangible assets was determined using the income approach. The recoverability of the finite-lived intangible assets could be affected by, among other things, increased competition within the gaming industry, a downturn in the economy, and declines in customer spending, which could impact the expected future cash flows associated with the rated casino and branded tavern guests, declines in the number of customer visits which could impact the expected attrition rate of the rated casino and branded tavern guests, and erosion of operating margins associated with rated casino and branded tavern guests. Should events or changes in circumstances cause the carrying amount of a player relationships intangible asset to exceed its estimated fair value, the Company will recognize an impairment charge in the amount of the excess of the carrying amount over its estimated fair value.
Business Combinations	The Company allocates the business combination purchase price to tangible and identifiable intangible assets acquired and liabilities assumed based on their estimated fair values. The excess of the purchase price over those fair values is recorded as goodwill. The Company determines the fair value of identifiable intangible assets, such as player relationships and trade names, as well as any other significant tangible assets or liabilities. The fair value allocation methodology requires management to make assumptions and apply judgment to estimate the fair value of acquired assets and liabilities assumed. Management estimates the fair value of assets and liabilities primarily using discounted cash flows and replacement cost analysis. Provisional fair value measurements of acquired assets and liabilities assumed may be retrospectively adjusted during the measurement period. The measurement period ends once the Company is able to determine it has obtained all necessary information that existed as of the acquisition date or once the Company determines that such information is unavailable. The measurement period does not extend beyond one year from the acquisition date.
Long-Term Debt	Long-term debt is reported as the outstanding debt amount, net of unamortized debt issuance costs and debt discount. These include legal and other direct costs related to the issuance of debt and discounts granted to the initial purchasers or lenders of the Company’s debt instruments and are recorded as a direct reduction to the face amount of the Company’s outstanding long-term debt on the consolidated balance sheets. The debt discount and debt issuance costs are accreted to interest expense using the effective interest method or, if the amounts approximate the effective interest method, on a straight-line basis over the contractual term of the underlying debt.
Leases	The Company determines whether an arrangement is or contains a lease at inception or modification of a contract. An arrangement is or contains a lease if it conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The right to control the use of the identified asset means the lessee has both the right to obtain substantially all economic benefits from the use of the asset and the right to direct the use of the asset. Operating lease right-of-use (“ROU”) assets and liabilities are recognized at the commencement date for the arrangements with a term of 12 months or longer and are initially measured based on the present value of lease payments over the defined lease term. The measurement of the operating lease ROU assets also includes any prepaid lease payments made and is net of lease incentives. If the implicit interest rate to be applied to the determination of the present value of lease payments over the lease term is not readily determinable, the Company estimates the incremental borrowing rate based on the information available at the commencement date. The Company’s lease terms may include options to extend or terminate the lease. The Company assesses these options using a threshold of reasonably certain. For leases the Company is reasonably certain to renew, those option periods are included within the lease term and, therefore, the measurement of the ROU asset and lease liability. For operating leases, lease expense for lease payments is recognized on a straight-line basis over the lease term. For finance leases, the ROU asset depreciates on a straight-line basis over the shorter of the lease term or useful life of the ROU asset and the lease liability accretes interest based on the interest method using the discount rate determined at lease commencement. The Company is the lessor under non-cancelable operating leases for retail and food and beverage outlet space within its casino properties. The Company also enters into operating lease agreements with certain equipment providers for placement of amusement devices, gaming machines and automated teller machines within its casino properties and branded taverns. The lease arrangements generally include minimum base rent and/or contingent rental clauses based on a percentage of net sales
Leases	The Company determines whether an arrangement is or contains a lease at inception or modification of a contract. An arrangement is or contains a lease if it conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The right to control the use of the identified asset means the lessee has both the right to obtain substantially all economic benefits from the use of the asset and the right to direct the use of the asset. Operating lease right-of-use (“ROU”) assets and liabilities are recognized at the commencement date for the arrangements with a term of 12 months or longer and are initially measured based on the present value of lease payments over the defined lease term. The measurement of the operating lease ROU assets also includes any prepaid lease payments made and is net of lease incentives. If the implicit interest rate to be applied to the determination of the present value of lease payments over the lease term is not readily determinable, the Company estimates the incremental borrowing rate based on the information available at the commencement date. The Company’s lease terms may include options to extend or terminate the lease. The Company assesses these options using a threshold of reasonably certain. For leases the Company is reasonably certain to renew, those option periods are included within the lease term and, therefore, the measurement of the ROU asset and lease liability. For operating leases, lease expense for lease payments is recognized on a straight-line basis over the lease term. For finance leases, the ROU asset depreciates on a straight-line basis over the shorter of the lease term or useful life of the ROU asset and the lease liability accretes interest based on the interest method using the discount rate determined at lease commencement. The Company is the lessor under non-cancelable operating leases for retail and food and beverage outlet space within its casino properties. The Company also enters into operating lease agreements with certain equipment providers for placement of amusement devices, gaming machines and automated teller machines within its casino properties and branded taverns. The lease arrangements generally include minimum base rent and/or contingent rental clauses based on a percentage of net sales
Revenue Recognition and Contract and Contract Related Liabilities	Revenue from contracts with customers primarily consists of casino wagers, room sales, food and beverage transactions, rental income from the Company’s retail tenants, and entertainment sales. Casino gaming revenues are the aggregate of gaming wins and losses. The commissions rebated to premium players for cash discounts and other cash incentives to patrons related to gaming play are recorded as a reduction to casino gaming revenues. Gaming contracts include a performance obligation to honor the patron’s wager and typically include a performance obligation to provide a product or service to the patron on a complimentary basis to incentivize gaming or in exchange for points earned under the Company’s True Rewards® loyalty program. Prior to the sale of its distributed gaming business, the Company generally entered into two types of slot placement contracts: space lease agreements and participation agreements. Under space lease agreements, the Company paid a fixed monthly rental fee for the right to install, maintain and operate its slot machines at a business location and the Company was the sole holder of the applicable gaming license that allowed it to operate such slot machines. Under these agreements, the Company recognized all gaming revenue and recorded fixed monthly rental fees as gaming expense. Under participation agreements, the business location retained a percentage of the gaming revenue generated from the Company’s slot machines, and as a result both the business location and Golden were required to hold a state issued gaming license. Prior to the sale of its distributed gaming business, the Company concluded it maintained control of the services provided in the business directly before they are transferred to its customer and it considered its customer to be the gaming player since the Company controlled all aspects of the slot machines. The Company retained control over the slot machines placed at the business location’s premises by controlling the hold percentage, types of slot machines and games made available on such machines, physical access to the contents of the gaming devices, and the repair and servicing of the slot machines. Therefore, these agreements did not contain a lease under Accounting Standards Codification (“ASC”) 842 and were accounted for under ASC 606, Revenue from Contracts with Customers. The Company was considered to be the principal in these arrangements and recorded its share of revenue generated under participation agreements on a gross basis with the business location’s share of revenue recorded as gaming expenses. Subsequent to the sale of the Company’s distributed gaming operations in Nevada on January 10, 2024, the acquiring party owns and operates the slot machines placed at the Company’s branded taverns and remits a percentage of the net win from each location to the Company. As a result, the Company no longer acts as a principal but rather as an agent, whose performance obligation is to arrange for the provision of the specified good or service by the acquiring party. Accordingly, the Company recognizes gaming revenue from this arrangement on a net basis, which is a percentage of the net win received. Wagering contracts that include complimentary products and services provided by the Company to incentivize gaming, such as complimentary food, beverage, rooms, entertainment, merchandise, cash back and other discretionary complimentary items, and wagering contracts that include products and services provided to a patron in exchange for points earned under the Company’s loyalty program contain more than one performance obligation. The transaction price is allocated to each performance obligation in the gaming wagering contract. The amount allocated to loyalty points earned is based on an estimate of the standalone selling price of the loyalty points, which is determined by the redemption value less an estimate for points not expected to be redeemed. The amount allocated to discretionary complimentary items is the standalone selling price of the underlying goods or services, which is determined using the retail price at which those goods or services would be sold separately in similar transactions. The remaining amount of the transaction price is allocated to wagering activity using the residual approach as the standalone selling price for gaming wagers is highly variable due to wide disparity of wagering options available to the Company’s patrons. The amount wagered, frequency of wagering, patron betting habits, and outcomes of the games of chance are unpredictable. As a result, no stand-alone selling price of a gaming transaction is determinable and the residual approach is utilized to represent the net revenue ascribed to the gaming wager. For wagering contracts that include discretionary complimentary items, the Company allocates the stand-alone selling price of each product and service to the respective revenue type. Complimentary products or services provided under the Company’s control and discretion that are supplied by third parties are recorded as an operating expense in the consolidated statements of operations. For wagering contracts that include products and services provided to a patron in exchange for points earned under the Company’s loyalty program, the Company allocates the estimated stand-alone selling price of the points earned to the loyalty program liability. The loyalty program liability is a deferral of revenue until redemption occurs under ASC 606. Upon redemption of loyalty program points for Company-owned products and services, the stand-alone selling price of each product or service is allocated to the respective revenue type. For redemptions of points with third parties, the redemption amount is deducted from the loyalty program liability and paid directly to the third-party. Any discounts received by the Company from the third-party in connection with this transaction are recorded to other revenue in the Company’s consolidated statements of operations. The Company’s performance obligation related to its loyalty program is generally completed within one year, as participants’ points expire after thirteen months of no activity. After allocation to the other revenue types for products and services provided to patrons as part of a wagering contract, the residual amount is recorded to casino gaming revenue as soon as the wager is settled. As all wagers have similar characteristics, the Company accounts for its gaming contracts collectively on a portfolio basis. Gaming contracts are typically completed daily based on the outcome of the wagering transaction and include a distinct performance obligation to provide gaming activities. Revenue from leases is recorded to other revenue in the Company’s consolidated statements of operations and is generated from base rents through long-term leases with retail tenants. Base rent, adjusted for contractual escalations as applicable, is recognized on a straight-lined basis over the term of the related lease. Overage rent is paid by a tenant when its sales exceed an agreed upon minimum amount and is not recognized by the Company until the threshold is met. Food, beverage, and retail revenues are recorded at the time of sale. Room revenue is recorded at the time of occupancy. Sales taxes and surcharges collected from customers and remitted to governmental authorities are presented on a net basis. The Company provides numerous products and services to its customers. There is often a timing difference between the cash payment by the customers and recognition of revenue for each of the associated performance obligations. The Company generally has three types of liabilities related to contracts with customers: • Outstanding Chip Liability — The outstanding chip liability represents the collective amounts owed to customers in exchange for gaming chips in their possession. Outstanding chips are expected to be recognized as revenue or redeemed for cash within one year of being purchased. • Loyalty Program — The Company offers its True Rewards loyalty program at all of its casino properties, as well as at all of its branded taverns. Members of the Company’s True Rewards loyalty program earn points based on gaming activity and food and beverage purchases at the Company’s casino properties and branded taverns. Loyalty points are redeemable for slot play, promotional table game chips, cash back, entertainment and food and beverage purchases. All points earned in the loyalty program roll up into a single account balance which is redeemable at all of our locations. The Company records a liability based on the value of points earned, less an estimate for points not expected to be redeemed. This liability represents a deferral of revenue until such time as the participant redeems the points earned. Redemption history at the Company’s casinos and branded taverns is used to assist in the determination of the estimated accruals. Loyalty program points are expected to be redeemed and recognized as revenue within one year of being earned, since participants’ points expire after thirteen months of inactivity. The True Rewards points accruals are included in current liabilities on the Company’s consolidated balance sheets. Changes in the program, increases in membership and changes in the redemption patterns of the participants can impact this liability. • Customer Deposits and Other — Customer deposits and other deferred revenue represent cash deposits made by customers for future non-gaming services to be provided by the Company. With the exception of tenant deposits, which are tied to the terms of the lease and typically extend beyond a year, the majority of these customer deposits and other deferred revenue are expected to be recognized as revenue or refunded to the customer within one year of the date the deposit was recorded.
Gaming Taxes	The Company’s casinos located in Nevada are subject to taxes based on gross gaming revenues and pay quarterly and annual fees based on the number of slot machines and table games licensed during the year. In addition, the Company’s casinos pay taxes based on gross gaming revenues and fixed quarterly and annual fees for bingo and keno at several of the Company’s properties. Prior to its sale in January 2024, the Company’s distributed gaming operations in Nevada were subject to taxes based on the Company’s share of non-restricted gross gaming revenue for those locations that had grandfathered rights to more than 15 slot machines for play, and/or annual and quarterly fees at all branded tavern and third-party distributed gaming locations. Prior to its sale in July 2023, Rocky Gap was subject to gaming taxes based on gross gaming revenues and the Company also paid an annual flat tax based on the number of table games and video lottery terminals in operation during the year. Prior to its sale in September 2023, the Company’s distributed gaming operations in Montana were subject to taxes based on the Company’s share of gross gaming revenue.
Advertising Expenses	The Company expenses advertising, marketing and promotional costs as incurred.
Share-Based Compensation Expense	The Company has various share-based compensation programs, which provide for equity awards including stock options, time-based restricted stock units (“RSUs”) and performance-based restricted stock units (“PSUs”). Share-based compensation expense is measured at the grant date, based on the estimated fair value of the award, and is recognized as expense, net of forfeitures, over the employee’s requisite service period. Compensation costs related to stock option awards are calculated based on the fair value of the award on the date of grant using the Black-Scholes option pricing model. For RSUs and PSUs, compensation expense is calculated based on the fair market value of the Company’s common stock on the date of grant. All of the Company’s share-based compensation expense is recorded in selling, general and administrative expenses in the consolidated statements of operations.
Income Taxes	The Company is subject to income taxes in the United States. Accounting standards require the recognition of deferred tax assets, net of applicable reserves, and liabilities for the estimated future tax consequences attributable to differences between financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rates on the income tax provision and deferred tax assets and liabilities generally is recognized in the results of operations in the period that includes the enactment date. Accounting standards also require recognition of a future tax benefit to the extent that realization of such benefit is more likely than not; otherwise, a valuation allowance is applied. The Company’s income tax returns are subject to examination by the Internal Revenue Service and other tax authorities in the locations where it operates. The Company assesses potentially unfavorable outcomes of such examinations based on accounting standards for uncertain income taxes. The accounting standards prescribe a minimum recognition threshold a tax position is required to meet before being recognized in the financial statements. Uncertain tax position accounting standards apply to all tax positions related to income taxes. These accounting standards utilize a two-step approach for evaluating tax positions. If a tax position, based on its technical merits, is deemed more likely than not to be sustained, then the tax benefit is measured as the largest amount of benefit that is more likely than not to be realized upon settlement. The Company records estimated penalties and interest related to income tax matters, including uncertain tax positions, if any, as a component of income tax expense.
Net Income per Share	Basic net income per share is calculated by dividing net income by the weighted-average common shares outstanding. Diluted net income per share in profitable periods reflects the effect of all potentially dilutive common shares outstanding by dividing net income by the weighted average of all common and potentially dilutive shares outstanding. In the event of a net loss, diluted shares are not considered because of their anti-dilutive effect.
Recent Accounting Pronouncements	Changes to GAAP are established by the Financial Accounting Standards Board (“FASB”) in the form of accounting standards updates (“ASUs”) to the FASB’s ASC. The Company considers the applicability and impact of all ASUs. While management continues to assess the possible impact of the adoption of new accounting standards and the future adoption of the new accounting standards that are not yet effective on the Company’s financial statements, management currently believes that the following new standards have or may have an impact on the Company’s consolidated financial statements and disclosures: Accounting Standards Issued and Adopted In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures . The ASU improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The standard became effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. The Company adopted this ASU for the fiscal year ended December 31, 2024 and included disclosures about significant segment expenses in “ Note 15 — Segment Information .” Accounting Standards Issued But Not Yet Adopted In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures . The provisions of this ASU are intended to enhance the transparency and decision usefulness of income tax disclosures to address investor requests for more transparency about income tax information through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. The standard is effective for annual periods beginning after December 15, 2024 with early adoption permitted. The Company does not expect the impact of the adoption of this ASU to be material to its financial statements or disclosures. In November 2024, the FASB issued ASU No. 2024-03, Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses . The provisions of this ASU are intended to improve disclosures about a public entity’s expenses by providing additional information about specific expense categories in the notes to the financial statements. The standard is effective for fiscal years beginning after December 15, 2026 and interim periods within fiscal years beginning after December 15, 2027 with early adoption permitted. Further, in January 2025, the FASB issued ASU No. 2025-01, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40) - Clarifying the Effective Date, intended to clarify interim reporting requirements for non-calendar year-end entities. The Company does not expect the impact of the adoption of these ASUs to be material to its financial statements or disclosures.

Nature of Business and Basis _2

Nature of Business and Basis of Presentation (Tables)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Schedule of Operating Segments	Each reportable segment was comprised of the following properties and operations: Reportable Segment Location Nevada Casino Resorts The STRAT Hotel, Casino & Tower (“The STRAT”) Las Vegas, Nevada Aquarius Casino Resort (“Aquarius”) Laughlin, Nevada Edgewater Casino Resort (“Edgewater”) Laughlin, Nevada Nevada Locals Casinos Arizona Charlie’s Boulder Las Vegas, Nevada Arizona Charlie’s Decatur Las Vegas, Nevada Gold Town Casino Pahrump, Nevada Lakeside Casino & RV Park Pahrump, Nevada Pahrump Nugget Hotel Casino (“Pahrump Nugget”) Pahrump, Nevada Nevada Taverns 72 branded tavern locations Nevada

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Schedule of Property and Equipment, Estimated Useful Lives	Depreciation of property and equipment is computed using the straight-line method over the following estimated useful lives: Building and improvements 10 - 40 years Furniture and equipment 3 - 15 years Leasehold improvements 2 - 15 years
Schedule of Contract and Contract Related Liabilities	The following table summarizes the Company’s activity for contract and contract related liabilities: Outstanding Chip Liability Loyalty Program Customer Deposits and Other (In thousands) 2024 2023 2024 2023 2024 2023 Balance at January 1 $ 1,099 $ 1,312 $ 2,743 $ 2,949 $ 4,287 $ 5,002 Balance at December 31 (1) 1,564 1,099 2,501 2,743 3,883 4,287 Increase (decrease) $ 465 $ (213) $ (242) $ (206) $ (404) $ (715) (1) Loyalty Program and Customer Deposits and Other related to assets held for sale were excluded from 2023 amounts.

Divestitures (Tables)

Divestitures (Tables)	12 Months Ended
	Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Assets and Liabilities Held for Sale	The assets and liabilities of the distributed gaming operations in Nevada classified as held for sale as of December 31, 2023, and subsequently sold on January 10, 2024, are presented in the table below: December 31, 2023 (In thousands) Distributed Gaming - Nevada ASSETS Current assets Cash and cash equivalents $ 40,050 Accounts receivables, net 1,945 Prepaid expenses 1,018 Other 2,298 Total current assets held for sale 45,311 Property and equipment, net 21,221 Operating lease right-of-use assets, net 33,601 Goodwill 69,452 Intangible assets, net 28,379 Other assets 6,307 Total assets held for sale $ 204,271 LIABILITIES Current liabilities Current portion of long-term debt and finance leases $ 1,131 Current portion of operating leases 23,323 Accounts payable 1,826 Accrued payroll and related 1,123 Other accrued liabilities 1,151 Total current liabilities related to assets held for sale 28,554 Non-current finance leases 10,614 Non-current operating leases 65 Total liabilities related to assets held for sale $ 39,233 The following information presents the revenues and pretax income generated by Rocky Gap and the Company’s distributed gaming operations in Montana and Nevada previously reported as held for sale and divested on July 25, 2023, September 13, 2023 and January 10, 2024, respectively: Year Ended December 31, (In thousands) 2024 2023 2022 Maryland Casino Resort Revenues $ — $ 43,456 $ 78,010 Pretax income — 12,435 22,966 Distributed Gaming - Montana Revenues $ — $ 80,878 $ 109,359 Pretax income — 8,883 7,417 Distributed Gaming - Nevada Revenues $ 6,019 $ 239,802 $ 256,113 Pretax income 476 22,402 22,766

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	12 Months Ended
	Dec. 31, 2024
Property, Plant and Equipment [Abstract]
Schedule of Components of Property and Equipment, Net	Property and equipment, net, consisted of the following: December 31, (In thousands) 2024 2023 Land $ 125,240 $ 125,240 Building and improvements 983,659 955,859 Furniture and equipment 216,995 190,048 Construction in process 6,165 10,561 Property and equipment 1,332,059 1,281,708 Accumulated depreciation (581,165) (495,563) Property and equipment, net $ 750,894 $ 786,145

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets, Net (Tables)	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill Balances by Reportable Segment	The following table summarizes goodwill balances by reportable segment: (In thousands) Nevada Casino Resorts Nevada Locals Casinos Nevada Taverns Distributed Gaming Total Goodwill Balance, Balance, January 1, 2023 $ 22,105 $ 38,187 $ 20,459 $ 77,645 $ 158,396 Goodwill acquired during the year (1) — — 3,574 — 3,574 Goodwill related to assets held for sale (2) — — — (69,452) (69,452) Goodwill related to sale of a business (3) — — — (8,193) (8,193) Balance, December 31, 2023 $ 22,105 $ 38,187 $ 24,033 $ — $ 84,325 Goodwill acquired during the year (4) — — 3,988 — 3,988 Goodwill impairment (5) (1,773) — — (1,773) Balance, December 31, 2024 $ 22,105 $ 36,414 $ 28,021 $ — $ 86,540 (1) Related to the acquisition of Lucky’s taverns discussed in “ Note 1 — Nature of Business and Basis of Presentation .” (2) Related to the distributed gaming operations in Nevada that continued to be classified as assets held for sale as of December 31, 2023 and were subsequently sold in January 2024. Refer to “ Note 3 — Divestitures ” for further information. (3) Related to the distributed gaming operations in Montana sold in September 2023. Refer to “ Note 3 — Divestitures ” for further information. (4) Related to the acquisition of GAP taverns discussed in “ Note 1 — Nature of Business and Basis of Presentation .”
Schedule of Finite-Lived Intangible Assets	Intangible assets, net, consisted of the following: December 31, 2024 (In thousands) Useful Life (Years) Gross Carrying Cumulative Cumulative Impairment Intangible Assets, Net Indefinite-lived intangible assets Trade names Indefinite $ 55,524 $ — $ (7,516) $ 48,008 55,524 — (7,516) 48,008 Amortizing intangible assets Player relationships 2-14 44,268 (41,905) — 2,363 Non-compete agreements 2-5 7,147 (4,131) — 3,016 51,415 (46,036) — 5,379 Balance, December 31, 2024 $ 106,939 $ (46,036) $ (7,516) $ 53,387 December 31, 2023 (In thousands) Useful Life (Years) Gross Carrying Cumulative Cumulative Impairment Intangible Assets, Net Indefinite-lived intangible assets Trade names Indefinite $ 54,790 $ — $ (6,890) $ 47,900 54,790 — (6,890) 47,900 Amortizing intangible assets Player relationships 2-14 43,916 (41,050) — 2,866 Non-compete agreements 2-5 5,747 (2,578) — 3,169 49,663 (43,628) — 6,035 Balance, December 31, 2023 $ 104,453 $ (43,628) $ (6,890) $ 53,935
Schedule of Indefinite-Lived Intangible Assets	Intangible assets, net, consisted of the following: December 31, 2024 (In thousands) Useful Life (Years) Gross Carrying Cumulative Cumulative Impairment Intangible Assets, Net Indefinite-lived intangible assets Trade names Indefinite $ 55,524 $ — $ (7,516) $ 48,008 55,524 — (7,516) 48,008 Amortizing intangible assets Player relationships 2-14 44,268 (41,905) — 2,363 Non-compete agreements 2-5 7,147 (4,131) — 3,016 51,415 (46,036) — 5,379 Balance, December 31, 2024 $ 106,939 $ (46,036) $ (7,516) $ 53,387 December 31, 2023 (In thousands) Useful Life (Years) Gross Carrying Cumulative Cumulative Impairment Intangible Assets, Net Indefinite-lived intangible assets Trade names Indefinite $ 54,790 $ — $ (6,890) $ 47,900 54,790 — (6,890) 47,900 Amortizing intangible assets Player relationships 2-14 43,916 (41,050) — 2,866 Non-compete agreements 2-5 5,747 (2,578) — 3,169 49,663 (43,628) — 6,035 Balance, December 31, 2023 $ 104,453 $ (43,628) $ (6,890) $ 53,935
Schedule of Estimated Future Amortization Expense Related to Intangible Assets	Estimated future amortization expense related to intangible assets is as follows: (In thousands) 2025 2026 2027 2028 2029 Thereafter Total (1) Estimated amortization expense $ 2,680 $ 2,022 $ 304 $ 236 $ 137 $ — $ 5,379 (1) The Company did not have intangible assets that were not placed in service as of December 31, 2024.

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2024
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consisted of the following: December 31, (In thousands) 2024 2023 Gaming liabilities $ 11,963 $ 10,726 Dividend payable 6,641 — Accrued taxes, other than income taxes 5,212 5,193 Other accrued liabilities 3,502 4,538 Deposits 2,153 1,855 Interest 166 4,572 Uncertain tax positions payable — 7,755 Total current accrued liabilities $ 29,637 $ 34,639

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Long-term debt, net, consisted of the following: December 31, (In thousands) 2024 2023 Term Loan B-1 $ 394,000 $ 398,000 Revolving credit facility 20,000 — 2026 Unsecured Notes — 276,453 Finance lease liabilities 3,643 1,691 Notes payable — 438 Total long-term debt and finance leases 417,643 676,582 Unamortized discount (3,679) (7,423) Unamortized debt issuance costs (3,378) (6,042) Total long-term debt and finance leases after debt issuance costs and discount 410,586 663,117 Current portion of long-term debt and finance leases (5,308) (4,596) Long-term debt, net and finance leases $ 405,278 $ 658,521
Schedule of Principal Payments Due on Long-term Debt	The scheduled principal payments due on long-term debt are as follows (in thousands): Year Ending December 31, Amount 2025 $ 5,308 2026 5,363 2027 4,260 2028 24,163 2029 4,168 Thereafter 374,381 Total outstanding principal of long-term debt $ 417,643

Shareholders_ Equity and Stoc_2

Shareholders’ Equity and Stock Incentive Plans (Tables)	12 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Share Repurchase Activity	The following table includes the Company’s share repurchase activity: Year Ended December 31, 2024 2023 2022 (In thousands, except per share data) Shares repurchased (1)(2) 2,892 252 1,113 Total cost, including brokerage fees and excise tax on repurchases $ 92,142 $ 9,134 $ 51,202 Average repurchase price per share (3)(4) $ 31.63 $ 36.17 $ 46.01 (1) All repurchased shares were retired and constitute authorized but unissued shares. Shares repurchased to settle employee tax withholding related to the vesting of RSUs or exercise of options are not included in the table above. (2) Of the shares repurchased in 2024, 949,729 were repurchased pursuant to a Rule 10b5-1 trading plan. (3) Figures in the table may not recalculate exactly due to rounding. Average repurchase price per share is calculated based on unrounded numbers. (4) Average repurchase price per share includes broker commissions but excludes our liability under the 1% excise tax on the net amount of our share repurchases required by the Inflation Reduction Act of 2022.
Schedule of Dividends Declared	The dividends declared in 2024 were as follows: Declaration Date Record Date Payment Date Amount per Share Aggregate Amount (in thousands) February 27, 2024 March 18, 2024 April 4, 2024 $ 0.25 $ 7,237 May 2, 2024 June 14, 2024 July 2, 2024 $ 0.25 $ 7,107 August 6, 2024 September 17, 2024 October 2, 2024 $ 0.25 $ 6,962 November 5, 2024 December 20, 2024 January 7, 2025 $ 0.25 $ 6,641
Schedule of Stock Option Activity	The following table summarizes the Company’s stock option activity: Stock Options Outstanding Weighted-Average Remaining Term (in years) Weighted-Average Exercise Price Aggregate Intrinsic Value (in thousands) Outstanding at January 1, 2022 2,141,494 4.5 $ 11.31 Granted — — Exercised (69,500) 9.94 Cancelled — — Expired — — Outstanding at December 31, 2022 2,071,994 3.5 11.35 $ 53,966 Granted — — Exercised (160,640) 11.84 (1) Cancelled — — Expired — — Outstanding at December 31, 2023 1,911,354 2.5 9.19 (1) $ 58,758 Granted — — Exercised (421,000) 9.17 Cancelled — — Expired — — Outstanding at December 31, 2024 1,490,354 1.5 $ 9.19 $ 33,395 Exercisable at December 31, 2022 2,071,994 3.5 $ 11.35 $ 53,966 Exercisable at December 31, 2023 1,911,354 2.5 $ 9.19 $ 58,758 Exercisable at December 31, 2024 1,490,354 1.5 $ 9.19 $ 33,395 (1) In accordance with the provisions of the 2015 Plan, the declaration of a one-time cash dividend of $2.00 per share of the outstanding common stock triggered the requirement to make an equitable adjustment to the number and type of securities subject to each outstanding award and the exercise price or grant price. The 2015 Plan allows the Company to make such equitable adjustments at its discretion. As a result, on August 25, 2023, the Company elected to adjust the exercise price of vested but unexercised stock option awards to reflect an amount as if the cash dividend had been paid in stock. The conditions of each option grant remain the same.
Schedule of RSU Activity	The following table summarizes the Company’s RSU activity: RSUs Shares Weighted- Total Fair Value of Shares Vested (in thousands) Outstanding at January 1, 2022 815,420 $ 18.17 Granted 123,970 51.86 Vested (363,450) 17.78 $ 18,963 Cancelled (28,269) 17.63 Outstanding at December 31, 2022 547,671 26.09 Granted 159,043 42.17 Vested (299,131) 23.73 $ 12,568 Issuance of dividend equivalent (1) 21,179 — Outstanding at December 31, 2023 428,762 34.09 Granted 232,766 33.57 Vested (285,012) 28.73 $ 9,150 Cancelled (9,350) 38.82 Outstanding at December 31, 2024 367,166 $ 37.67 (1) In accordance with the provisions of the 2015 Plan, the declaration of a one-time cash dividend of $2.00 per share of the outstanding common stock triggered the requirement to make an equitable adjustment to the number and type of securities subject to each outstanding award and the exercise price or grant price. The 2015 Plan allows the Company to make such equitable adjustments at its discretion. As a result, on August 25, 2023, the Company elected to adjust the number of shares underlying unvested RSU awards to reflect an amount as if the one-time cash dividend of $2.00 per share of the outstanding common stock had been paid in stock. The vesting schedule and conditions of each grant remain the same (with these additional share amounts subject to forfeiture on the same terms as the underlying grants).
Schedule of PSU Activity	The following table summarizes the Company’s PSU activity: PSUs Shares (1) Weighted- Total Fair Value of Shares Vested (in thousands) Outstanding at January 1, 2022 705,577 (2) $ 13.84 Granted 83,579 53.51 Performance certification 534,383 (3) — Vested (247,380) (4) 12.51 $ 13,030 Outstanding at December 31, 2022 1,076,159 17.17 Granted 114,898 41.92 Vested (733,574) (5) 8.86 $ 30,751 Issuance of dividend equivalent (6) 23,151 — Cancelled (8,699) (7) 53.51 Outstanding at December 31, 2023 471,935 (8) 36.40 Granted 131,906 34.06 Vested (272,362) (9) 29.00 $ 9,277 Cancelled (171,998) (10) 35.92 Outstanding at December 31, 2024 159,481 $ 47.54 (1) The number of shares for the PSUs listed as granted represents the “target” number of PSUs granted to each recipient eligible to vest if the Company meets its “target” performance goals for the applicable period. The actual number of PSUs eligible to vest for those PSUs will vary depending on whether or not the Company meets or exceeds the applicable threshold, target, or maximum performance goals for the PSUs, with 200% of the “target” number of PSUs eligible to vest at “maximum” performance levels. (2) Includes 171,194 2019 PSU Awards that were certified below target during the three months ended March 31, 2021 and vested in March 2022. Also includes PSUs granted in March 2020 and March 2021 at “target.” (3) The Company’s financial results for the applicable performance goals were certified during the three months ended March 31, 2022 and 200% of the target PSUs granted in March 2020 ( the “2020 PSU Awards”) and March 2021 ( the “2021 PSU Awards”) were deemed “earned.” Includes 38,093 incremental shares issued in March 2022 in connection with vesting of shares of 2020 PSU Awards due to such award “earned” at 200% of the “target.” The remaining 2020 PSU Awards vested in March 2023. (4) Comprises 171,194 shares of 2019 PSU Awards and 76,186 shares of 2020 PSU Awards that vested in March 2022. (5) Represents 2020 PSU Awards that vested in March 2023 at 200% of the target PSUs. (6) In accordance with the provisions of the 2015 Plan, the declaration of a one-time cash dividend of $2.00 per share of the outstanding common stock triggered the requirement to make an equitable adjustment to the number and type of securities subject to each outstanding award and the exercise price or grant price. The 2015 Plan allows the Company to make such equitable adjustments at its discretion. As a result, on August 25, 2023, the Company elected to adjust the number of shares underlying unvested PSU awards to reflect an amount as if the one-time cash dividend of $2.00 per share of the outstanding common stock had been paid in stock. The vesting schedule and conditions of each grant remain the same (with these additional share amounts subject to forfeiture on the same terms as the underlying grants). (7) The Company’s financial results for the applicable performance goals were certified during the three months ended March 31, 2023 and 89.6% of the target PSUs granted in March 2022 ( the “2022 PSU Awards”) were deemed “earned.” This resulted in the reduction of the 2022 PSU Awards to the number of PSUs eligible to vest from 83,579 to 74,880. (8) Includes PSUs granted in March 2021 (“2021 PSU Awards”) at 200% of the target (based on awards deemed “earned”), PSUs granted in March 2022 at 89.6% of the target (based on awards deemed “earned”) and PSUs granted in March 2023 (“2023 PSU Awards”) at 100% of the target. (9) Represents 2021 PSU Awards that vested in March 2024 at 200% of the target PSUs. (10) The Company’s financial results for performance goals applicable to the 2023 PSU Awards were certified during the three months ended March 31, 2024 and 69.3% of the target 2023 PSU Awards were deemed “earned.” This resulted in the reduction of the PSUs listed as granted in March 2023 to the number of PSUs eligible to vest from 120,825 to 83,724. In addition, 5,467 shares of unvested PSU Awards were forfeited during the year ended December 31, 2024. In addition, 131,906 PSUs granted in March 2024 were cancelled due to the Company not meeting its performance target for 2024.
Schedule of Share-based Compensation Costs by Award Type	The following table summarizes share-based compensation costs by award type: Year Ended December 31, (In thousands) 2024 2023 2022 Stock options $ — $ — $ — RSUs 7,178 7,624 6,900 PSUs 2,866 5,188 5,980 Total share-based compensation costs $ 10,044 $ 12,812 $ 12,880

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Provision (Benefit)	Income tax provision is summarized as follows: Year Ended December 31, (In thousands) 2024 2023 2022 Current: Federal $ (24,499) $ 87,840 $ 13,877 State (3,861) 6,106 274 Total current tax (benefit) provision $ (28,360) $ 93,946 $ 14,151 Deferred: Federal $ 50,423 $ (17,846) $ (13,462) State — 107 (168) Total deferred tax provision (benefit) 50,423 (17,739) (13,630) Income tax provision $ 22,063 $ 76,207 $ 521
Schedule of Effective Income Tax Rate Reconciliation	Reconciliation of the statutory federal income tax rate to the Company’s actual rate based on income before income tax provision is summarized below: Year Ended December 31, 2024 2023 2022 Statutory federal tax rate 21.00 % 21.00 % 21.00 % State income taxes, net of federal income taxes (5.03) 2.53 0.62 Permanent tax differences – stock compensation 1.62 (2.12) (6.31) Permanent tax differences – business meals 0.70 0.17 0.44 Permanent tax differences – executive compensation and other 0.64 2.60 9.27 Permanent tax differences – goodwill 16.69 — — Change in valuation allowance — (1.71) (23.99) FICA credit generated (1.27) (0.28) (1.09) WOTC credit generated (0.14) — — Tax benefit due to settlement of uncertain tax positions (9.38) — — Additional tax due to amending tax returns from prior years 5.01 — — Change in tax rate and apportionment — 0.43 (0.26) Deferred only adjustment to beginning deferred balances 0.47 0.34 0.95 Effective tax rate 30.31 % 22.96 % 0.63 %
Schedule of Deferred Tax Assets and Liabilities	The Company’s current and non-current deferred tax assets (liabilities) are comprised of the following: December 31, (In thousands) 2024 2023 Deferred tax assets: Accruals and reserves $ 3,895 $ 5,128 Share-based compensation expense 1,997 2,137 Operating lease obligation 19,626 27,092 Depreciation of fixed assets — 18,631 Uncertain tax position — 6,245 Other — 1,553 Gross deferred tax assets 25,518 60,786 Valuation allowance — — Deferred tax assets, net of valuation allowance $ 25,518 $ 60,786 Deferred tax liabilities: Prepaid services $ (1,744) $ (1,771) Amortization of intangible assets (787) (5,778) Depreciation of fixed assets (26,050) — Right-of-use assets (16,478) (23,729) Debt basis (1,359) — Other (15) — Gross deferred tax liabilities (46,433) (31,278) Deferred tax (liabilities) assets, net $ (20,915) $ 29,508 Non-current deferred tax assets, net $ — $ 29,508 Non-current deferred tax liabilities, net (20,915) — Deferred tax (liabilities) assets, net $ (20,915) $ 29,508
Schedule of Unrecognized Tax Benefits Roll Forward	The following table summarizes the Company’s reconciliation of the beginning and ending unrecognized tax benefits: December 31, (In thousands) 2024 2023 Balance – beginning of period $ 7,165 $ — Tax positions related to current year additions — 884 Additions for tax positions of prior years — 6,281 Settlements (7,165) — Balance – end of period $ — $ 7,165

Employee Retirement and Benef_2

Employee Retirement and Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2024
Retirement Benefits [Abstract]
Schedule of Multiemployer Pension Plans	The Company considers the following multiemployer pension plans to be significant: Pension Protection Zone Status (1) FIR/RP Status Pending/Implemented Surcharge Imposed Expiration Date Of Collective- Multiemployer Pension Plans EIN/Plan Number 2023 2022 Central Pension Fund of the IUOE and Participating Employers 36-6052390-001 Green Green No No 3/31/2026 Southern Nevada Culinary and Bartenders Pension Plan 88-6016617-001 Green Green No No 9/30/2028 (1) The Pension Protection Act of 2006 requires plans that are certified as endangered (yellow) or critical (red) to develop and implement a funding improvement plan.
Schedule of Contribution to Each Multiemployer Pension Plans	The Company’s cash contributions to each multiemployer pension and benefit plans are as follows: December 31, (In thousands) 2024 2023 2022 Multiemployer pension plans Central Pension Fund of the IUOE and Participating Employers $ 770 $ 793 $ 691 Southern Nevada Culinary and Bartenders Pension Plan 2,352 2,115 2,054 Other pension plans 154 164 168 Total contributions $ 3,276 $ 3,072 $ 2,913 Multiemployer benefit plans (excluding pension plans) HEREIU Welfare Fund $ 9,030 $ 8,268 $ 8,007 All other — 2 7 Total contributions $ 9,030 $ 8,270 $ 8,014

Financial Instruments and Fai_2

Financial Instruments and Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value Measurement Information about Long-term Debt	The following table summarizes the fair value measurement of the Company’s long-term debt: December 31, 2024 (In thousands) Carrying Amount Fair Value Fair Value Hierarchy Term Loan B-1 $ 394,000 $ 393,508 Level 2 Revolving credit facility 20,000 19,700 Level 2 Finance lease liabilities 3,643 3,643 Level 3 Total debt $ 417,643 $ 416,851 December 31, 2023 (In thousands) Carrying Amount Fair Value Fair Value Hierarchy Term Loan B-1 $ 398,000 $ 399,493 Level 2 2026 Unsecured Notes 276,453 277,144 Level 2 Finance lease liabilities 1,691 1,691 Level 3 Notes payable 438 438 Level 3 Total debt $ 676,582 $ 678,766

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2024
Leases [Abstract]
Schedule of Components of Lease Expense	The components of lease expense were as follows: Year Ended December 31, (In thousands) Classification 2024 2023 Operating lease cost Operating lease cost Operating and SG&A expenses $ 20,486 $ 50,118 Variable lease cost Operating and SG&A expenses 14,861 12,612 Short-term lease cost Operating and SG&A expenses 5,473 8,649 Total operating lease cost $ 40,820 $ 71,379 Finance lease cost Amortization of leased assets Depreciation and amortization $ 1,562 $ 475 Interest on lease liabilities Interest expense, net 287 89 Total finance lease cost $ 1,849 $ 564
Schedule of Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases was as follows: Year Ended December 31, (In thousands) 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used under operating lease agreements $ 22,507 $ 50,605 Operating cash flows used under finance lease agreements 191 87 Financing cash flows used under finance lease agreements 1,283 527
Schedule of Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to leases was as follows: December 31, (In thousands) 2024 2023 Operating leases Operating lease right-of-use assets, gross (1) $ 92,784 $ 92,481 Accumulated amortization (1) (14,317) (13,085) Operating lease right-of-use assets, net $ 78,467 $ 79,396 Current portion of operating leases (1) $ 15,128 $ 13,745 Non-current operating leases (1) 78,328 81,325 Total operating lease liabilities $ 93,456 $ 95,070 Finance leases Property and equipment, gross $ 8,954 $ 5,719 Accumulated depreciation (4,932) (3,594) Property and equipment, net $ 4,022 $ 2,125 Current portion of finance leases $ 1,308 $ 158 Non-current finance leases 2,335 1,533 Total finance lease liabilities $ 3,643 $ 1,691 (1)
Schedule of Additional Information Related to Leases	The following presents additional information related to the Company’s leases as of December 31, 2024: December 31, 2024 2023 Weighted average remaining lease term Operating leases 8.9 years 7.3 years Finance leases 3.6 years 23.5 years Weighted average discount rate Operating leases 6.4 % 6.3 % Finance leases 3.9 % 6.8 %
Schedule of Maturities of Lease Liabilities	As of December 31, 2024, maturities of lease liabilities were as follows: (In thousands) Operating Leases Finance Leases Total 2025 $ 20,530 $ 1,420 $ 21,950 2026 18,792 1,420 20,212 2027 15,764 283 16,047 2028 12,994 182 13,176 2029 9,615 182 9,797 Thereafter 47,765 394 48,159 Total lease payments 125,460 3,881 129,341 Amount of interest (32,004) (238) (32,242) Present value of lease liabilities $ 93,456 $ 3,643 $ 97,099
Schedule of Minimum and Contingent Operating Lease Income	Minimum and contingent operating lease income was as follows: Year Ended December 31, (In thousands) 2024 2023 2022 Minimum rental income $ 8,014 $ 8,234 $ 7,380 Contingent rental income 2,810 3,298 4,071 Total rental income $ 10,824 $ 11,532 $ 11,451
Schedule of Future Minimum Rental Payments to be Received Under Operating Leases	Future minimum rent payments to be received under operating leases are as follows (in thousands): Year Ending December 31, Amount 2025 $ 5,250 2026 4,265 2027 1,504 2028 1,000 2029 862 Thereafter 1,361 Total future minimum rent payments $ 14,242

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	The Company’s revenues, significant expenses and Adjusted EBITDA by reportable segment and reconciliation of the total of the Company’s consolidated Adjusted EBITDA to the Company’s consolidated net income determined in accordance with GAAP are presented in the table below: Year Ended December 31, 2024 (In thousands) Nevada Casino Resorts Nevada Locals Casinos Nevada Taverns Distributed Gaming (1) Total Reportable Segments Corporate and Other Consolidated Revenues Gaming $ 155,472 $ 106,531 $ 51,283 $ 5,981 $ 319,267 $ — $ 319,267 Food and beverage 95,082 26,669 50,157 17 171,925 — 171,925 Rooms 109,941 9,624 — — 119,565 — 119,565 Other (2) 38,644 8,148 8,283 21 55,096 965 56,061 Total revenues 399,139 150,972 109,723 6,019 665,853 965 666,818 Segment (expenses) income Payroll and related (156,550) (37,951) (27,759) — (222,260) — (222,260) Operating expenses (121,361) (38,837) (39,305) — (199,503) — (199,503) Cost of sales (22,437) (8,657) (15,166) — (46,260) — (46,260) Other segment items (3) (4) (5) 4,547 977 (356) (5,535) (367) (43,053) (43,420) Adjusted EBITDA $ 103,338 $ 66,504 $ 27,137 $ 484 $ 197,463 $ (42,088) $ 155,375 Adjustments Depreciation and amortization (90,034) Non-cash lease benefit 380 Share-based compensation (10,434) Gain on disposal of assets 213 Gain on sale of businesses 69,238 Loss on debt extinguishment and modification (4,446) Preopening and related expenses (508) Impairment of assets (2,399) Other, net (9,707) Interest expense, net (34,884) Income before income tax provision 72,794 Income tax provision (22,063) Net income $ 50,731 (1) Relates to the distributed gaming operations in Nevada sold on January 10, 2024. (2) Includes lease revenue accounted for under ASC 842 for the arrangements in which the Company is a lessor. Refer to “ Note 2 — Summary of Significant Accounting Policies ” and “ Note 12 — Leases ” for details. (3) Other segment items for each reportable segment included the following items: • Nevada Casino Resorts — expenses included depreciation and amortization, non-cash lease benefit, share-based compensation, loss on disposal of assets, interest expense, and other non-cash charges that are deemed to be not indicative of the Company’s core operating results. • Nevada Locals Casinos — expenses included depreciation and amortization, non-cash lease expense, gain on disposal of assets, impairment of assets, interest expense, and other non-cash charges that are deemed to be not indicative of the Company’s core operating results. • Nevada Taverns — expenses included depreciation and amortization, non-cash lease benefit, loss on disposal of assets, interest expense, preopening expenses, and other non-cash charges that are deemed to be not indicative of the Company’s core operating results. (4) Other segment items for the Distributed Gaming reportable segment divested in 2024 for the period of January 1, 2024 - January 10, 2024 included payroll and related, operating expenses, cost of sales and interest expense. (5) Other segment items in Corporate and Other included payroll and related, operating expenses, depreciation and amortization, non-cash lease expense, share-based compensation, gain on disposal of assets, gain on sale of businesses, loss on debt extinguishment and modification, interest expense and other non-cash charges that are deemed to be not indicative of the Company’s core operating results. Year Ended December 31, 2023 (In thousands) Nevada Casino Resorts Nevada Locals Casinos Nevada Taverns Distributed Maryland Casino Resort Total Reportable Segments Corporate and Other Consolidated Revenues Gaming $ 160,371 $ 112,772 $ 52,817 $ 315,182 $ 33,159 $ 674,301 $ — $ 674,301 Food and beverage 98,748 26,372 51,642 765 4,881 182,408 — 182,408 Rooms 109,996 10,331 — — 4,322 124,649 — 124,649 Other (1) 43,943 7,960 4,756 4,733 1,094 62,486 9,305 71,791 Total revenues 413,058 157,435 109,215 320,680 43,456 1,043,844 9,305 1,053,149 Segment (expenses) income Payroll and related (147,730) (36,884) (25,052) — — (209,666) — (209,666) Operating expenses (125,385) (39,278) (36,102) — — (200,765) — (200,765) Cost of sales (22,531) (8,545) (15,447) — — (46,523) — (46,523) Other segment items (2) (3) (4) 2,844 1,118 68 (286,135) (30,804) (312,909) (60,764) (373,673) Adjusted EBITDA $ 120,256 $ 73,846 $ 32,682 $ 34,545 $ 12,652 $ 273,981 $ (51,459) $ 222,522 Adjustments Depreciation and amortization (88,933) Non-cash lease benefit 15 Share-based compensation (13,476) Gain on disposal of assets 228 Gain on sale of businesses 303,179 Loss on debt extinguishment and modification (1,734) Preopening and related expenses (760) Impairment of assets (12,072) Other, net (11,491) Interest expense, net (65,515) Income before income tax provision 331,963 Income tax provision (76,207) Net income $ 255,756 (1) Includes lease revenue accounted for under ASC 842 for the arrangements in which the Company is a lessor. Refer to “ Note 2 — Summary of Significant Accounting Policies ” and “ Note 12 — Leases ” for details. (2) Other segment items for each reportable segment included the following expenses: • Nevada Casino Resorts — expenses included depreciation and amortization, non-cash lease benefit, gain on disposal of assets, interest expense, impairment of assets, preopening expenses, and other non-cash charges that are deemed to be not indicative of the Company’s core operating results. • Nevada Locals Casinos — expenses included depreciation and amortization, non-cash lease expense, gain on disposal of assets, interest expense, preopening expenses, and other non-cash charges that are deemed to be not indicative of the Company’s core operating results. • Nevada Taverns — expenses included depreciation and amortization, non-cash lease benefit, loss on disposal of assets, interest expense, preopening expenses, and other non-cash charges that are deemed to be not indicative of the Company’s core operating results. (3) Other segment items for the reportable segments divested in 2023: • Distributed Gaming — expenses included payroll and related, operating expenses, depreciation and amortization, non-cash lease expense, gain on disposal of assets, interest expense and other non-cash charges that are deemed to be not indicative of the Company’s core operating results. • Maryland Casino Resort — expenses included payroll and related, operating expenses, interest expense and other non-cash charges that are deemed to be not indicative of the Company’s core operating results. (4) Other segment items in Corporate and Other included payroll and related, operating expenses, depreciation and amortization, non-cash lease expense, share-based compensation, gain on sale of businesses, loss on debt extinguishment and modification, interest expense and other non-cash charges that are deemed to be not indicative of the Company’s core operating results. Year Ended December 31, 2022 (In thousands) Nevada Casino Resorts Nevada Locals Casinos Nevada Taverns Distributed Maryland Casino Resort Total Reportable Segments Corporate and Other Consolidated Revenues Gaming $ 175,014 $ 114,388 $ 53,619 $ 358,332 $ 59,553 $ 760,906 $ — $ 760,906 Food and beverage 89,424 25,219 51,564 716 8,440 175,363 — 175,363 Rooms 104,375 10,162 — — 7,787 122,324 — 122,324 Other (1) 38,137 7,745 4,782 6,424 2,230 59,318 3,808 63,126 Total revenues 406,950 157,514 109,965 365,472 78,010 1,117,911 3,808 1,121,719 Segment (expenses) income Payroll and related (137,259) (36,778) (23,380) — — (197,417) — (197,417) Operating expenses (113,559) (36,425) (33,133) — — (183,117) — (183,117) Cost of sales (22,110) (8,594) (15,879) — — (46,583) — (46,583) Other segment items (2) (3) (4) 1,082 131 37 (321,451) (52,627) (372,828) (54,694) (427,522) Adjusted EBITDA $ 135,104 $ 75,848 $ 37,610 $ 44,021 $ 25,383 $ 317,966 $ (50,886) $ 267,080 Adjustments Depreciation and amortization (100,123) Non-cash lease expense (165) Share-based compensation (13,433) Loss on disposal of assets (934) Loss on debt extinguishment and modification (1,590) Preopening and related expenses (161) Other, net (4,317) Interest expense, net (63,490) Income before income tax provision 82,867 Income tax provision (521) Net income $ 82,346 (1) Includes lease revenue accounted for under ASC 842 for the arrangements in which the Company is a lessor. Refer to “ Note 2 — Summary of Significant Accounting Policies ” and “ Note 12 — Leases ” for details. (2) Other segment items for each reportable segment included the following items: • Nevada Casino Resorts — expenses included depreciation and amortization, non-cash lease benefit, loss on disposal of assets, interest expense, preopening expenses, and other non-cash charges that are deemed to be not indicative of the Company’s core operating results. • Nevada Locals Casinos — expenses included depreciation and amortization, non-cash lease expense, loss on disposal of assets, interest expense, and other non-cash charges that are deemed to be not indicative of the Company’s core operating results. • Nevada Taverns — expenses included depreciation and amortization, non-cash lease expense, loss on disposal of assets, interest expense, preopening expenses, and other non-cash charges that are deemed to be not indicative of the Company’s core operating results. (3) Other segment items for the reportable segments divested in 2023 and 2024 included the following expenses: • Distributed Gaming — expenses included payroll and related, operating expenses, depreciation and amortization, non-cash lease expense, gain on disposal of assets, interest expense, and other non-cash charges that are deemed to be not indicative of the Company’s core operating results. • Maryland Casino Resort — expenses included payroll and related, operating expenses, depreciation and amortization, non-cash lease benefit, interest expense, and other non-cash charges that are deemed to be not indicative of the Company’s core operating results. (4) Other segment items in Corporate and Other included payroll and related, operating expenses, depreciation and amortization, non-cash lease expense, share-based compensation, loss on debt extinguishment and modification, interest expense and other non-cash charges that are deemed to be not indicative of the Company’s core operating results. Assets The Company’s assets by segment consisted of the following amounts: (In thousands) Nevada Casino Resorts Nevada Locals Casinos Nevada Taverns Distributed Gaming Total Reportable Segments Corporate and Other Consolidated Balance at December 31, 2024 $ 714,907 $ 158,864 $ 151,633 $ — $ 1,025,404 $ 54,502 $ 1,079,906 Balance at December 31, 2023 $ 758,622 $ 160,059 $ 148,250 $ 204,271 $ 1,271,202 $ 181,081 $ 1,452,283 Capital Expenditures The Company’s capital expenditures by segment consisted of the following amounts: (In thousands) Nevada Casino Resorts (1) Nevada Locals Casinos (2) Nevada Taverns (3) Distributed Gaming (4) Maryland Casino Resort Total Reportable Segments Corporate and Other (5) Consolidated For the year ended December 31, 2024 $ 29,012 $ 11,648 $ 4,744 $ 240 $ — $ 45,644 $ 4,256 $ 49,900 For the year ended December 31, 2023 $ 60,441 $ 5,691 $ 3,369 $ 9,537 $ 435 $ 79,473 $ 6,404 $ 85,877 For the year ended December 31, 2022 $ 26,347 $ 4,035 $ 2,712 $ 9,146 $ 1,878 $ 44,118 $ 7,301 $ 51,419 (1) Capital expenditures in the Nevada Casino Resorts segment excluded non-cash purchases of property and equipment of $1.2 million, $1.0 million, and $5.0 million as of December 31, 2024, 2023, and 2022, respectively. (2) Capital expenditures in the Nevada Locals Casinos segment excluded non-cash purchases of property and equipment of $0.3 million and $0.1 million as of December 31, 2024 and 2022, respectively. (3) Capital expenditures in the Nevada Taverns segment excluded non-cash purchases of property and equipment of $0.2 million, $0.7 million and $0.2 million as of December 31, 2024, 2023 and 2022, respectively. (4) Capital expenditures in the Distributed Gaming segment excluded non-cash purchases of property and equipment of $0.2 million as of December 31, 2023. (5)

Nature of Business and Basis _3

Nature of Business and Basis of Presentation (Details) $ in Thousands						12 Months Ended
	Apr. 22, 2024 USD ($) location	Jan. 10, 2024 USD ($)	Nov. 21, 2023 USD ($) location	Sep. 13, 2023 USD ($)	Jul. 25, 2023 USD ($)	Dec. 31, 2024 USD ($) segment location tavern property	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Nature Of Business And Basis Of Presentation [Line Items]
Number of resort casino properties | property						8
Number of reportable segments | segment						3
Proceeds from sale of businesses, net of cash sold						$ 204,360	$ 362,396	$ 0
Lucky’s Lounge & Restaurant
Nature Of Business And Basis Of Presentation [Line Items]
Number of tavern locations | location			4
Great American Pub
Nature Of Business And Basis Of Presentation [Line Items]
Number of tavern locations | location	2
Disposed of by Sale | Rocky Gap Property
Nature Of Business And Basis Of Presentation [Line Items]
Proceeds from sale of businesses, net of cash sold					$ 260,000
Disposed of by Sale | Distributed Gaming - Montana
Nature Of Business And Basis Of Presentation [Line Items]
Proceeds from sale of businesses, net of cash sold				$ 109,000
Disposed of by Sale | Distributed Gaming - Nevada
Nature Of Business And Basis Of Presentation [Line Items]
Proceeds from sale of businesses, net of cash sold		$ 213,500
Nevada Taverns
Nature Of Business And Basis Of Presentation [Line Items]
Number of taverns | tavern						72
Number of tavern locations | location						72
Nevada Taverns | Lucky’s Lounge & Restaurant | Nevada
Nature Of Business And Basis Of Presentation [Line Items]
Proceeds from sale of businesses, net of cash sold			$ 10,000
Nevada Taverns | Great American Pub | Nevada
Nature Of Business And Basis Of Presentation [Line Items]
Proceeds from sale of businesses, net of cash sold	$ 7,300

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) slotMachine shares	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($) shares
Accounting Policies [Line Items]
Cash and cash equivalents	$ 57,725	$ 157,550	$ 136,889
Amortized to interest expense	$ 2,200	4,100	4,100
Number of grandfathered rights slots | slotMachine	15
Gaming tax and licenses expense	$ 27,200	58,000	73,200
Advertising expense	$ 12,800	$ 13,100	$ 12,200
Anti-dilutive potential common share equivalents (in shares) | shares	0	0	150,384
Loyalty Program
Accounting Policies [Line Items]
Expiration period of participant points after no activity (in months)	13 months

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Property and Equipment, Estimated Useful Lives (Details)	Dec. 31, 2024
Minimum | Building and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, useful lives (in years)	10 years
Minimum | Furniture and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, useful lives (in years)	3 years
Minimum | Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, useful lives (in years)	2 years
Maximum | Building and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, useful lives (in years)	40 years
Maximum | Furniture and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, useful lives (in years)	15 years
Maximum | Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, useful lives (in years)	15 years

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Schedule of Contract and Contract Related Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Outstanding Chip Liability
Movement in Contract with Customer, Liability [Roll Forward]
Balance at January 1	$ 1,099	$ 1,312
Balance at December 31	1,564	1,099
Increase (decrease)	465	(213)
Loyalty Program
Movement in Contract with Customer, Liability [Roll Forward]
Balance at January 1	2,743	2,949
Balance at December 31	2,501	2,743
Increase (decrease)	(242)	(206)
Customer Deposits and Other
Movement in Contract with Customer, Liability [Roll Forward]
Balance at January 1	4,287	5,002
Balance at December 31	3,883	4,287
Increase (decrease)	$ (404)	$ (715)

Divestitures - Additional Infor

Divestitures - Additional Information (Details) - Disposed of by Sale - USD ($) $ in Millions	11 Months Ended	12 Months Ended
	Jul. 25, 2023	Dec. 31, 2024	Dec. 31, 2023
Rocky Gap Property
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Transactions costs	$ 8.5		$ 8.3
Distributed Gaming - Montana
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Transactions costs			0.8
Distributed Gaming - Nevada
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Transactions costs		$ 2.3	$ 0.4

Divestitures - Schedule of Asse

Divestitures - Schedule of Assets and Liabilities Held for Sale (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Current assets
Total current assets held for sale	$ 0	$ 204,271
Current liabilities
Total current liabilities related to assets held for sale	$ 0	39,233
Held-for-sale | Distributed Gaming - Nevada
Current assets
Cash and cash equivalents		40,050
Accounts receivables, net		1,945
Prepaid expenses		1,018
Other		2,298
Total current assets held for sale		45,311
Property and equipment, net		21,221
Operating lease right-of-use assets, net		33,601
Goodwill		69,452
Intangible assets, net		28,379
Other assets		6,307
Total assets held for sale		204,271
Current liabilities
Current portion of long-term debt and finance leases		1,131
Current portion of operating leases		23,323
Accounts payable		1,826
Accrued payroll and related		1,123
Other accrued liabilities		1,151
Total current liabilities related to assets held for sale		28,554
Non-current finance leases		10,614
Non-current operating leases		65
Total liabilities related to assets held for sale		$ 39,233

Divestitures - Schedule of Reve

Divestitures - Schedule of Revenues and Pretax Income (Details) - Disposed of by Sale - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Maryland Casino Resort
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	$ 0	$ 43,456	$ 78,010
Pretax income	0	12,435	22,966
Distributed Gaming - Montana
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	0	80,878	109,359
Pretax income	0	8,883	7,417
Distributed Gaming - Nevada
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	6,019	239,802	256,113
Pretax income	$ 476	$ 22,402	$ 22,766

Property and Equipment, Net - S

Property and Equipment, Net - Schedule of Components of Property and Equipment, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Property and equipment	$ 1,332,059	$ 1,281,708
Accumulated depreciation	(581,165)	(495,563)
Property and equipment, net	750,894	786,145
Land
Property, Plant and Equipment [Line Items]
Property and equipment	125,240	125,240
Building and improvements
Property, Plant and Equipment [Line Items]
Property and equipment	983,659	955,859
Furniture and equipment
Property, Plant and Equipment [Line Items]
Property and equipment	216,995	190,048
Construction in process
Property, Plant and Equipment [Line Items]
Property and equipment	$ 6,165	$ 10,561

Property and Equipment, Net - A

Property and Equipment, Net - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 87,600,000	$ 86,500,000	$ 92,700,000
Impairment, long-lived assets	$ 0	$ 12,100,000
Impairment, long-lived assets [Extensible Enumeration]		Impairment of assets

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets, Net - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Schedule Of Goodwill And Intangible Assets [Line Items]
Impairment of goodwill	$ 1,773,000	$ 0
Impairment of indefinite-lived intangible assets	$ 600,000	0
Impairment of indefinite-lived intangible assets [Extensible Enumeration]	Impairment of assets
Amortization of intangible assets	$ 2,400,000	$ 2,400,000	$ 7,400,000
Goodwill | Level 3 | Long-term Revenue Growth Rate | Income Approach
Schedule Of Goodwill And Intangible Assets [Line Items]
Measurement of fair value inputs	2.50%	3%
Minimum | Goodwill | Level 3 | Discount Rate | Income Approach
Schedule Of Goodwill And Intangible Assets [Line Items]
Measurement of fair value inputs	13.50%	14%
Minimum | Indefinite-lived Intangible Assets | Level 3 | Royalty Rate | Income Approach
Schedule Of Goodwill And Intangible Assets [Line Items]
Measurement of fair value inputs	1%	1%
Maximum | Goodwill | Level 3 | Discount Rate | Income Approach
Schedule Of Goodwill And Intangible Assets [Line Items]
Measurement of fair value inputs	14.50%	14.50%
Maximum | Indefinite-lived Intangible Assets | Level 3 | Royalty Rate | Income Approach
Schedule Of Goodwill And Intangible Assets [Line Items]
Measurement of fair value inputs	2%	2%

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets, Net - Schedule of Goodwill Balances by Reportable Segment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Goodwill [Roll Forward]
Beginning balance	$ 84,325,000	$ 158,396,000
Goodwill acquired during the year	3,988,000	3,574,000
Goodwill impairment	(1,773,000)	0
Ending balance	86,540,000	84,325,000
Held-for-sale
Goodwill [Roll Forward]
Goodwill related to		(69,452,000)
Disposed of by Sale
Goodwill [Roll Forward]
Goodwill related to		(8,193,000)
Nevada Casino Resorts
Goodwill [Roll Forward]
Beginning balance	22,105,000	22,105,000
Goodwill acquired during the year	0	0
Goodwill impairment
Ending balance	22,105,000	22,105,000
Nevada Casino Resorts | Held-for-sale
Goodwill [Roll Forward]
Goodwill related to		0
Nevada Casino Resorts | Disposed of by Sale
Goodwill [Roll Forward]
Goodwill related to		0
Nevada Locals Casinos
Goodwill [Roll Forward]
Beginning balance	38,187,000	38,187,000
Goodwill acquired during the year	0	0
Goodwill impairment	(1,773,000)
Ending balance	36,414,000	38,187,000
Nevada Locals Casinos | Held-for-sale
Goodwill [Roll Forward]
Goodwill related to		0
Nevada Locals Casinos | Disposed of by Sale
Goodwill [Roll Forward]
Goodwill related to		0
Nevada Taverns
Goodwill [Roll Forward]
Beginning balance	24,033,000	20,459,000
Goodwill acquired during the year	3,988,000	3,574,000
Goodwill impairment	0
Ending balance	28,021,000	24,033,000
Nevada Taverns | Held-for-sale
Goodwill [Roll Forward]
Goodwill related to		0
Nevada Taverns | Disposed of by Sale
Goodwill [Roll Forward]
Goodwill related to		0
Distributed Gaming
Goodwill [Roll Forward]
Beginning balance	0	77,645,000
Goodwill acquired during the year	0	0
Goodwill impairment	0
Ending balance	$ 0	0
Distributed Gaming | Held-for-sale
Goodwill [Roll Forward]
Goodwill related to		(69,452,000)
Distributed Gaming | Disposed of by Sale
Goodwill [Roll Forward]
Goodwill related to		$ (8,193,000)

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets, Net - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Indefinite-lived intangible assets
Gross Carrying Value	$ 55,524	$ 54,790
Cumulative Impairment	(7,516)	(6,890)
Intangible Assets, Net	48,008	47,900
Amortizing intangible assets
Gross Carrying Value	51,415	49,663
Cumulative Amortization	(46,036)	(43,628)
Intangible Assets, Net	5,379	6,035
Gross Carrying Value	106,939	104,453
Intangible Assets, Net	53,387	53,935
Player relationships
Amortizing intangible assets
Gross Carrying Value	44,268	43,916
Cumulative Amortization	(41,905)	(41,050)
Intangible Assets, Net	$ 2,363	$ 2,866
Player relationships | Minimum
Amortizing intangible assets
Intangible assets, useful life (in years)	2 years	2 years
Player relationships | Maximum
Amortizing intangible assets
Intangible assets, useful life (in years)	14 years	14 years
Non-compete agreements
Amortizing intangible assets
Gross Carrying Value	$ 7,147	$ 5,747
Cumulative Amortization	(4,131)	(2,578)
Intangible Assets, Net	$ 3,016	$ 3,169
Non-compete agreements | Minimum
Amortizing intangible assets
Intangible assets, useful life (in years)	2 years	2 years
Non-compete agreements | Maximum
Amortizing intangible assets
Intangible assets, useful life (in years)	5 years	5 years
Trade names
Indefinite-lived intangible assets
Gross Carrying Value	$ 55,524	$ 54,790
Cumulative Impairment	(7,516)	(6,890)
Intangible Assets, Net	$ 48,008	$ 47,900

Goodwill and Intangible Asset_6

Goodwill and Intangible Assets, Net - Schedule of Estimated Future Amortization Expense Related to Intangible Asset (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
2025	$ 2,680
2026	2,022
2027	304
2028	236
2029	137
Thereafter	0
Intangible Assets, Net	$ 5,379	$ 6,035

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Gaming liabilities	$ 11,963	$ 10,726
Dividend payable	6,641	0
Accrued taxes, other than income taxes	5,212	5,193
Other accrued liabilities	3,502	4,538
Deposits	2,153	1,855
Interest	166	4,572
Uncertain tax positions payable	0	7,755
Total current accrued liabilities	$ 29,637	$ 34,639

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-term Debt Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2024	May 29, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
2026 Unsecured Notes	$ 0		$ 276,453
Finance lease liabilities	3,643		1,691
Notes payable	0		438
Total long-term debt and finance leases	417,643		676,582
Unamortized discount	(3,679)		(7,423)
Unamortized debt issuance costs	(3,378)		(6,042)
Total long-term debt and finance leases after debt issuance costs and discount	410,586		663,117
Current portion of long-term debt and finance leases	(5,308)		(4,596)
Long-term debt, net and finance leases	405,278		658,521
Term Loan B-1
Debt Instrument [Line Items]
Term Loan B-1 and Revolving credit facility	394,000		398,000
Unamortized debt issuance costs		$ (900)
Revolving credit facility
Debt Instrument [Line Items]
Term Loan B-1 and Revolving credit facility	$ 20,000		$ 0

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Details)				12 Months Ended
	May 29, 2024 USD ($)	Apr. 15, 2024 USD ($)	May 26, 2023	Dec. 31, 2024 USD ($) installment	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Apr. 15, 2019 USD ($)
Debt Instrument [Line Items]
Letters of credit outstanding, amount				$ 0
Debt financing cost and fees				3,378,000	$ 6,042,000
Loss on debt extinguishment and modification				4,446,000	1,734,000	$ 1,590,000
Total long-term debt and finance leases				417,643,000
Amortized to interest expense				2,200,000	4,100,000	$ 4,100,000
Term Loan B-1
Debt Instrument [Line Items]
Debt instrument, face amount				400,000,000
Principal amount of outstanding				$ 394,000,000	398,000,000
Debt financing cost and fees	$ 900,000
Loss on debt extinguishment and modification	$ 100,000
Debt instrument, period payments, number of installments | installment				27
Debt instrument, periodic payment				$ 1,000,000
Debt instrument, final installment				373,000,000
Term Loan B-1 | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Debt instrument, credit spread adjustment	0.10%
Term Loan B-1 | Variable Rate Component One | Base rate
Debt Instrument [Line Items]
Debt instrument, floor rate	1.50%		1.50%
Debt instrument, basis spread on variable rate	1.25%		1.25%
Term Loan B-1 | Variable Rate Component Two | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Debt instrument, floor rate	0.50%		0.50%
Debt instrument, basis spread on variable rate	2.25%		2.25%
Revolving credit facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity				240,000,000
Principal amount of outstanding				20,000,000	$ 0
Borrowing availability under the revolving credit facility				$ 220,000,000
Debt, weighted average interest rate				7.64%
Borrowings as percentage of revolving commitment to contain financial covenant regarding maximum net leverage ratio				30%
Revolving credit facility | Maximum
Debt Instrument [Line Items]
Beneficial ownership threshold				50%
Revolving credit facility | Variable Rate Component One
Debt Instrument [Line Items]
Debt instrument, floor rate			1%
Revolving credit facility | Variable Rate Component One | Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate			1%
Revolving credit facility | Variable Rate Component One | Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate			1.50%
Revolving credit facility | Variable Rate Component Two | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Debt instrument, credit spread adjustment			0.10%
Revolving credit facility | Variable Rate Component Two | Secured Overnight Financing Rate (SOFR) | Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate			2%
Revolving credit facility | Variable Rate Component Two | Secured Overnight Financing Rate (SOFR) | Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate			2.50%
Senior Unsecured Notes Due 2026
Debt Instrument [Line Items]
Debt instrument, face amount							$ 375,000,000
Debt instrument interest stated percentage			7.625%				7.625%
Loss on debt extinguishment and modification		$ 4,400,000
Repayments of debt		287,000,000
Total long-term debt and finance leases		276,500,000
Amortized to interest expense		$ 10,500,000

Long-Term Debt - Schedule of Pr

Long-Term Debt - Schedule of Principal Payments Due on Long-term Debt (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Debt Disclosure [Abstract]
2025	$ 5,308
2026	5,363
2027	4,260
2028	24,163
2029	4,168
Thereafter	374,381
Total outstanding principal of long-term debt	$ 417,643

Shareholders_ Equity and Stoc_3

Shareholders’ Equity and Stock Incentive Plans - Additional Information (Details) - USD ($) $ / shares in Units, shares in Thousands

1 Months Ended

3 Months Ended

12 Months Ended

Feb. 25, 2025

Jan. 01, 2024

Aug. 27, 2015

Jul. 31, 2023

Dec. 31, 2024

Sep. 30, 2024

Jun. 30, 2024

Mar. 31, 2024

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Nov. 05, 2024

Jul. 27, 2023

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share repurchase program, authorized, amount

$ 100,000,000

Share repurchase, increase authorized amount

$ 100,000,000

Remaining authorized repurchase amount

$ 99,400,000

$ 99,400,000

Dividends declared (USD per share)

$ 2

Dividends payable (USD per share)

$ 2

Cash dividends paid

$ 57,700,000

21,306,000

$ 57,727,000

$ 0

Dividends declared (USD per share)

$ 0.25

$ 0.25

$ 0.25

$ 0.25

Proceeds from exercise of stock options

3,152,000

0

31,000

Subsequent Event

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Dividends payable (USD per share)

$ 0.25

Dividends declared (USD per share)

$ 0.25

Stock Options

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Intrinsic value of stock options exercised

8,900,000

$ 4,600,000

$ 2,600,000

Stock options, unrecognized share-based compensation expense

$ 0

$ 0

Performance Stock Units (PSUs)

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Service period (in years)

1 year

Vesting period (in years)

2 years

Stock options, unrecognized share-based compensation expense

1,600,000

$ 1,600,000

Weighted-average period for recognition (in years)

8 months 12 days

Restricted Stock Units (RSUs)

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock options, unrecognized share-based compensation expense

$ 7,600,000

$ 7,600,000

Weighted-average period for recognition (in years)

1 year 7 months 6 days

2015 Plan

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Expiration term (in years)

10 years

10 years

Number of shares authorized (in shares)

2,250

Number of shares annual increase (in shares)

1,100

1,800

Plan shares annual increase, percentage

4%

Maximum number of shares authorized per one participant (in shares)

2,000

4,500

4,500

Shareholders_ Equity and Stoc_4

Shareholders’ Equity and Stock Incentive Plans - Schedule of Share Repurchase Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Shares repurchased (in shares)	2,892,000	252,000	1,113,000
Total cost, including brokerage fees and excise tax on repurchases	$ 92,142	$ 9,134	$ 51,202
Average repurchase price per share (USD per share)	$ 31.63	$ 36.17	$ 46.01
Shares repurchased pursuant to a rule 10b5-1 trading plan (in shares)	949,729

Shareholders_ Equity and Stoc_5

Shareholders’ Equity and Stock Incentive Plans - Schedule of Dividend Declared (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Common stock, dividends (USD per share)	$ 0.25	$ 0.25	$ 0.25	$ 0.25
Aggregate amount	$ 6,641	$ 6,962	$ 7,107	$ 7,237

Shareholders_ Equity and Stoc_6

Shareholders’ Equity and Stock Incentive Plans - Schedule of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	12 Months Ended
	Jul. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Stock Options Outstanding
Stock Options Outstanding, Beginning of year (in shares)		1,911,354	2,071,994	2,141,494
Stock Options Outstanding, Granted (in shares)		0	0	0
Stock Options Outstanding, Exercised (in shares)		(421,000)	(160,640)	(69,500)
Stock Options Outstanding, Cancelled (in shares)		0	0	0
Stock Options Outstanding, Expired (in shares)		0	0	0
Stock Options Outstanding, End of year (in shares)		1,490,354	1,911,354	2,071,994	2,141,494
Stock Options Outstanding, Exercisable (in shares)		1,490,354	1,911,354	2,071,994
Weighted Average Remaining Term, Outstanding (in years)		1 year 6 months	2 years 6 months	3 years 6 months	4 years 6 months
Weighted Average Remaining Term, Exercisable (in years)		1 year 6 months	2 years 6 months	3 years 6 months
Weighted-Average Exercise Price
Weighted-Average Exercise Price, Beginning of year (USD per share)		$ 9.19	$ 11.35	$ 11.31
Weighted Average Exercise Price, Granted (USD per share)		0	0	0
Weighted Average Exercise Price, Exercised (USD per share)		9.17	11.84	9.94
Weighted Average Exercise Price, Cancelled (USD per share)		0	0	0
Weighted Average Exercise Price, Expired (USD per share)		0	0	0
Weighted-Average Exercise Price, End of year (USD per share)		9.19	9.19	11.35	$ 11.31
Weighted Average Exercise Price, Exercisable (USD per share)		$ 9.19	$ 9.19	$ 11.35
Aggregate Intrinsic Value, Outstanding		$ 33,395	$ 58,758	$ 53,966
Aggregate Intrinsic Value, Exercisable		$ 33,395	$ 58,758	$ 53,966
Dividends declared (USD per share)	$ 2

Shareholders_ Equity and Stoc_7

Shareholders’ Equity and Stock Incentive Plans - Schedule of RSU Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	12 Months Ended
	Jul. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Weighted- Average Grant Date Fair Value
Dividends declared (USD per share)	$ 2
Restricted Stock Units (RSUs)
Restricted Stock Units Outstanding
Units Outstanding, Beginning of year (in shares)		428,762	547,671	815,420
Units Outstanding, Granted (in shares)		232,766	159,043	123,970
Units Outstanding, Vested (in shares)		(285,012)	(299,131)	(363,450)
Units Outstanding, Cancelled (in shares)		(9,350)		(28,269)
Units Outstanding, Issuance of dividend equivalent (in shares)			21,179
Units Outstanding, End of year (in shares)		367,166	428,762	547,671
Weighted- Average Grant Date Fair Value
Weighted Average Grant Date Fair Value, Beginning of year (USD per share)		$ 34.09	$ 26.09	$ 18.17
Weighted Average Grant Date Fair Value, Granted (USD per share)		33.57	42.17	51.86
Weighted Average Grant Date Fair Value, Vested (USD per share)		28.73	23.73	17.78
Weighted Average Grant Date Fair Value, Cancelled (USD per share)		38.82		17.63
Weighted Average Grant Date Fair Value, Issuance of dividend equivalent (USD per share)			0
Weighted Average Grant Date Fair Value, End of year (USD per share)		$ 37.67	$ 34.09	$ 26.09
Total Fair Value of Shares Vested		$ 9,150	$ 12,568	$ 18,963

Shareholders_ Equity and Stoc_8

Shareholders’ Equity and Stock Incentive Plans - Schedule of PSU Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended			12 Months Ended
	Jul. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Mar. 31, 2021
Weighted- Average Grant Date Fair Value
Dividends declared (USD per share)	$ 2
Performance Stock Units (PSUs)
Restricted Stock Units Outstanding
Units Outstanding, Beginning of year (in shares)		471,935	1,076,159	705,577	471,935	1,076,159	705,577
Units Outstanding, Granted (in shares)					131,906	114,898	83,579
Units Outstanding, Performance certification (in shares)							534,383
Units Outstanding, Vested (in shares)					(272,362)	(733,574)	(247,380)
Units Outstanding, Issuance of dividend equivalent (in shares)						23,151
Units Outstanding, Cancelled (in shares)					(171,998)	(8,699)
Units Outstanding, End of year (in shares)					159,481	471,935	1,076,159
Weighted- Average Grant Date Fair Value
Weighted Average Grant Date Fair Value, Beginning of year (USD per share)		$ 36.40	$ 17.17	$ 13.84	$ 36.40	$ 17.17	$ 13.84
Weighted Average Grant Date Fair Value, Granted (USD per share)					34.06	41.92	53.51
Weighted Average Grant Date Fair Value, Performance certification (USD per share)							0
Weighted Average Grant Date Fair Value, Vested (USD per share)					29	8.86	12.51
Weighted Average Grant Date Fair Value, Issuance of dividend equivalent (USD per share)						0
Weighted Average Grant Date Fair Value, Cancelled (USD per share)					35.92	53.51
Weighted Average Grant Date Fair Value, End of year (USD per share)					$ 47.54	$ 36.40	$ 17.17
Total Fair Value of Shares Vested					$ 9,277	$ 30,751	$ 13,030
Percentage of target number eligible to vest					200%
Outstanding (in shares)					159,481	471,935	1,076,159
Performance Stock Units (PSUs) | Award Date, March 2019
Restricted Stock Units Outstanding
Units Outstanding, Vested (in shares)				(171,194)
Weighted- Average Grant Date Fair Value
Outstanding (in shares)								171,194
Performance Stock Units (PSUs) | Award Date, March 2020
Restricted Stock Units Outstanding
Units Outstanding, Vested (in shares)				(76,186)
Weighted- Average Grant Date Fair Value
Percentage of target number eligible to vest			200%	200%
Performance Stock Units (PSUs) | Award Date, March 2021
Weighted- Average Grant Date Fair Value
Percentage of target number eligible to vest				200%	200%	200%
Performance Stock Units (PSUs) | Award Date, March 2022
Weighted- Average Grant Date Fair Value
Percentage of target number eligible to vest						89.60%
Shares issued (in shares)				38,093
Percentage of target earned			89.60%
Actual number of PSUs granted to each recipient, eligible to vest (in shares)			74,880				83,579
Performance Stock Units (PSUs) | Award Date, March 2023
Restricted Stock Units Outstanding
Units Outstanding, Cancelled (in shares)					(5,467)
Weighted- Average Grant Date Fair Value
Percentage of target number eligible to vest						100%
Percentage of target earned		69.30%
Actual number of PSUs granted to each recipient, eligible to vest (in shares)			83,724				120,825
Performance Stock Units (PSUs) | Award Date, March 2024
Restricted Stock Units Outstanding
Units Outstanding, Cancelled (in shares)					(131,906)

Shareholders_ Equity and Stoc_9

Shareholders’ Equity and Stock Incentive Plans - Schedule of Share-based Compensation Costs by Award Type (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation costs	$ 10,044	$ 12,812	$ 12,880
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation costs	0	0	0
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation costs	7,178	7,624	6,900
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation costs	$ 2,866	$ 5,188	$ 5,980

Income Taxes - Schedule of Comp

Income Taxes - Schedule of Components of Income Tax Provision (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Current:
Federal	$ (24,499)	$ 87,840	$ 13,877
State	(3,861)	6,106	274
Total current tax (benefit) provision	(28,360)	93,946	14,151
Deferred:
Federal	50,423	(17,846)	(13,462)
State	0	107	(168)
Total deferred tax provision (benefit)	50,423	(17,739)	(13,630)
Income tax provision	$ 22,063	$ 76,207	$ 521

Income Taxes - Schedule of Effe

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Statutory federal tax rate	21%	21%	21%
State income taxes, net of federal income taxes	(5.03%)	2.53%	0.62%
Permanent tax differences – stock compensation	1.62%	(2.12%)	(6.31%)
Permanent tax differences – business meals	0.70%	0.17%	0.44%
Permanent tax differences – executive compensation and other	0.64%	2.60%	9.27%
Permanent tax differences – goodwill	16.69%	0%	0%
Change in valuation allowance	0%	(1.71%)	(23.99%)
FICA credit generated	(1.27%)	(0.28%)	(1.09%)
WOTC credit generated	(0.14%)	0%	0%
Tax benefit due to settlement of uncertain tax positions	(9.38%)	0%	0%
Additional tax due to amending tax returns from prior years	5.01%	0%	0%
Change in tax rate and apportionment	0%	0.43%	(0.26%)
Deferred only adjustment to beginning deferred balances	0.47%	0.34%	0.95%
Effective tax rate	30.31%	22.96%	0.63%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Effective tax rate, percent	30.31%	22.96%	0.63%
Net deferred tax liabilities	$ (20,915)
Deferred tax assets, net of valuation allowance	$ 25,518	$ 60,786

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets (Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Deferred tax assets:
Accruals and reserves	$ 3,895	$ 5,128
Share-based compensation expense	1,997	2,137
Operating lease obligation	19,626	27,092
Depreciation of fixed assets	0	18,631
Uncertain tax position	0	6,245
Other	0	1,553
Gross deferred tax assets	25,518	60,786
Valuation allowance	0	0
Deferred tax assets, net of valuation allowance	25,518	60,786
Deferred tax liabilities:
Prepaid services	(1,744)	(1,771)
Amortization of intangible assets	(787)	(5,778)
Depreciation of fixed assets	(26,050)	0
Right-of-use assets	(16,478)	(23,729)
Debt basis	(1,359)	0
Other	(15)	0
Gross deferred tax liabilities	(46,433)	(31,278)
Deferred tax (liabilities) assets, net	(20,915)
Deferred tax (liabilities) assets, net		29,508
Non-current deferred tax assets, net	0	29,508
Non-current deferred tax liabilities, net	$ (20,915)	$ 0

Income Taxes - Schedule of Unre

Income Taxes - Schedule of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Unrecognized Tax Benefits [Roll Forward]
Balance – beginning of period	$ 7,165	$ 0
Tax positions related to current year additions	0	884
Additions for tax positions of prior years	0	6,281
Settlements	(7,165)	0
Balance – end of period	$ 0	$ 7,165

Employee Retirement and Benef_3

Employee Retirement and Benefit Plans - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) employee	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plan, maximum annual contributions per employee, percent	75%
Defined benefit plan, contributions by employer	$ 0.5	$ 0.6	$ 0.5
Defined contribution plan, employers matching contribution, vesting period (in years)	5 years
Total contributions for multiemployer pension and benefit plans		5%
Pension Plans
Defined Contribution Plan Disclosure [Line Items]
Number of employees participating in multiemployer benefit and pension plans | employee	1,500
Expenses related multiemployer health and welfare and defined benefit pension plans	$ 13.1	$ 11.9	$ 11.2

Employee Retirement and Benef_4

Employee Retirement and Benefit Plans - Schedule of Multiemployer Pension Plans (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Central Pension Fund of the IUOE and Participating Employers
Multiemployer Plans [Line Items]
Pension Protection Zone Status		Green	Green
FIR/RP Status Pending/Implemented	No
Surcharge Imposed	No
Expiration Date Of Collective- Bargaining Agreement	Mar. 31, 2026
Southern Nevada Culinary and Bartenders Pension Plan
Multiemployer Plans [Line Items]
Pension Protection Zone Status		Green	Green
FIR/RP Status Pending/Implemented	No
Surcharge Imposed	No
Expiration Date Of Collective- Bargaining Agreement	Sep. 30, 2028

Employee Retirement and Benef_5

Employee Retirement and Benefit Plans - Schedule of Contributions to Each Multiemployer Pension Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Multiemployer pension plans
Multiemployer Plans [Line Items]
Total contributions	$ 3,276	$ 3,072	$ 2,913
Multiemployer pension plans | Central Pension Fund of the IUOE and Participating Employers
Multiemployer Plans [Line Items]
Total contributions	770	793	691
Multiemployer pension plans | Southern Nevada Culinary and Bartenders Pension Plan
Multiemployer Plans [Line Items]
Total contributions	2,352	2,115	2,054
Multiemployer pension plans | Other pension plans
Multiemployer Plans [Line Items]
Total contributions	154	164	168
Multiemployer benefit plans (excluding pension plans)
Multiemployer Plans [Line Items]
Total contributions	9,030	8,270	8,014
Multiemployer benefit plans (excluding pension plans) | HEREIU Welfare Fund
Multiemployer Plans [Line Items]
Total contributions	9,030	8,268	8,007
Multiemployer benefit plans (excluding pension plans) | All other
Multiemployer Plans [Line Items]
Total contributions	$ 0	$ 2	$ 7

Financial Instruments and Fai_3

Financial Instruments and Fair Value Measurements (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
2026 Unsecured Notes	$ 0	$ 276,453
Finance lease liabilities	3,643	1,691
Notes payable	0	438
Term Loan B-1
Debt Instrument [Line Items]
Term Loan B-1, Revolving credit facility and Term Loan	394,000	398,000
Revolving credit facility
Debt Instrument [Line Items]
Term Loan B-1, Revolving credit facility and Term Loan	20,000	0
Carrying Amount
Debt Instrument [Line Items]
Total debt	417,643	676,582
Carrying Amount | Level 2
Debt Instrument [Line Items]
2026 Unsecured Notes		276,453
Carrying Amount | Level 2 | Term Loan B-1
Debt Instrument [Line Items]
Term Loan B-1, Revolving credit facility and Term Loan	394,000	398,000
Carrying Amount | Level 2 | Revolving credit facility
Debt Instrument [Line Items]
Term Loan B-1, Revolving credit facility and Term Loan	20,000
Carrying Amount | Level 3
Debt Instrument [Line Items]
Finance lease liabilities	3,643	1,691
Notes payable		438
Fair Value
Debt Instrument [Line Items]
Total debt	416,851	678,766
Fair Value | Level 2
Debt Instrument [Line Items]
2026 Unsecured Notes		277,144
Fair Value | Level 2 | Term Loan B-1
Debt Instrument [Line Items]
Term Loan B-1, Revolving credit facility and Term Loan	393,508	399,493
Fair Value | Level 2 | Revolving credit facility
Debt Instrument [Line Items]
Term Loan B-1, Revolving credit facility and Term Loan	19,700
Fair Value | Level 3
Debt Instrument [Line Items]
Finance lease liabilities	$ 3,643	1,691
Notes payable		$ 438

Leases - Additional Information

Leases - Additional Information (Details) - agreement	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Lessor, Lease, Description [Line Items]
Operating leases, termination period (in years)	30 days
Current portion of finance leases [Extensible enumeration]	Current portion of long-term debt and finance leases	Current portion of long-term debt and finance leases
Non-current finance leases [Extensible enumeration]	Long-term debt, net and non-current finance leases	Long-term debt, net and non-current finance leases
Lessee, finance lease, lease not yet commenced, number of agreements	2,000,000
Minimum
Lessor, Lease, Description [Line Items]
Lease remaining term of contract excluding land (in years)	1 year
Operating leases renewal term (in years)	1 year
Lease remaining term (in years)	1 year
Operating leases renewal term (in years)	1 year
Maximum
Lessor, Lease, Description [Line Items]
Lease remaining term of contract excluding land (in years)	73 years
Operating leases renewal term (in years)	25 years
Lease remaining term (in years)	10 years
Operating leases renewal term (in years)	15 years

Leases - Schedule of Components

Leases - Schedule of Components of Lease Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Operating lease cost	$ 20,486	$ 50,118
Variable lease cost	14,861	12,612
Short-term lease cost	5,473	8,649
Total operating lease cost	40,820	71,379
Amortization of leased assets	1,562	475
Interest on lease liabilities	287	89
Total finance lease cost	$ 1,849	$ 564

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used under operating lease agreements	$ 22,507	$ 50,605
Operating cash flows used under finance lease agreements	191	87
Financing cash flows used under finance lease agreements	$ 1,283	$ 527	$ 541

Leases - Schedule of Suppleme_2

Leases - Schedule of Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Operating leases
Operating lease right-of-use assets, gross	$ 92,784	$ 92,481
Accumulated amortization	(14,317)	(13,085)
Operating lease right-of-use assets, net	78,467	79,396
Current portion of operating leases	15,128	13,745
Non-current operating leases	78,328	81,325
Total operating lease liabilities	93,456	95,070
Finance leases
Property and equipment, gross	8,954	5,719
Accumulated depreciation	(4,932)	(3,594)
Property and equipment, net	4,022	2,125
Current portion of finance leases	1,308	158
Non-current finance leases	2,335	1,533
Total finance lease liabilities	$ 3,643	$ 1,691

Leases - Schedule of Additional

Leases - Schedule of Additional Information Related to Leases (Details)	Dec. 31, 2024	Dec. 31, 2023
Weighted average remaining lease term
Operating leases (in years)	8 years 10 months 24 days	7 years 3 months 18 days
Finance leases (in years)	3 years 7 months 6 days	23 years 6 months
Weighted average discount rate
Operating leases	6.40%	6.30%
Finance leases	3.90%	6.80%

Leases - Schedule of Maturities

Leases - Schedule of Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Operating Leases
2025	$ 20,530
2026	18,792
2027	15,764
2028	12,994
2029	9,615
Thereafter	47,765
Total lease payments	125,460
Amount of interest	(32,004)
Present value of lease liabilities	93,456	$ 95,070
Finance Leases
2025	1,420
2026	1,420
2027	283
2028	182
2029	182
Thereafter	394
Total lease payments	3,881
Amount of interest	(238)
Present value of lease liabilities	3,643	$ 1,691
Lease Liabilities
2025	21,950
2026	20,212
2027	16,047
2028	13,176
2029	9,797
Thereafter	48,159
Total lease payments	129,341
Amount of interest	(32,242)
Lease Liabilities	$ 97,099

Leases - Schedule of Minimum an

Leases - Schedule of Minimum and Contingent Operating Lease Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Minimum rental income	$ 8,014	$ 8,234	$ 7,380
Contingent rental income	2,810	3,298	4,071
Total rental income	$ 10,824	$ 11,532	$ 11,451

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Rental Payments to be Received Under Operating Leases (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Operating Leases
2025	$ 5,250
2026	4,265
2027	1,504
2028	1,000
2029	862
Thereafter	1,361
Total future minimum rent payments	$ 14,242

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) employee	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Blake L. Sartini
Commitments And Contingencies [Line Items]
Liability contingency, estimated severance payments	$ 5,300
Charles H. Protell
Commitments And Contingencies [Line Items]
Liability contingency, estimated severance payments	3,400
Blake L. Sartini II
Commitments And Contingencies [Line Items]
Liability contingency, estimated severance payments	$ 2,200
Collective Bargaining Agreements
Commitments And Contingencies [Line Items]
Number of employees covered under the plan | employee	1,500
Number of employees | employee	5,300
Gaming
Commitments And Contingencies [Line Items]
Cost of goods and services sold	$ 88,171	$ 379,929	$ 428,984
Participation Agreements | Gaming
Commitments And Contingencies [Line Items]
Cost of goods and services sold	$ 3,900	$ 192,700	$ 215,000

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)			1 Months Ended	12 Months Ended
	Nov. 23, 2022	May 18, 2022	Nov. 30, 2018	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Accounts receivable				$ 13,176,000	$ 16,951,000
Shares repurchased (in shares)				2,892,000	252,000	1,113,000
Shares repurchased				$ 92,142,000	$ 9,134,000	$ 51,202,000
Accumulated Deficit
Related Party Transaction [Line Items]
Shares repurchased				92,113,000	9,131,000	51,192,000
Mr. Sartini | Office Headquarters | Related Party
Related Party Transaction [Line Items]
Percentage of counterparty ownership by related party			33%
Related party transaction, amounts of transaction				300,000	300,000	300,000
Mr. Sartini | Office Headquarters, Sublet | Related Party
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction				100,000	100,000	100,000
Accounts receivable				0	0
Mr. Sartini, Child One | Office Headquarters | Related Party
Related Party Transaction [Line Items]
Percentage of counterparty ownership by related party			1.67%
Mr. Sartini, Child Two | Office Headquarters | Related Party
Related Party Transaction [Line Items]
Percentage of counterparty ownership by related party			1.67%
Mr. Sartini, Child Three | Office Headquarters | Related Party
Related Party Transaction [Line Items]
Percentage of counterparty ownership by related party			1.67%
Stephen A. Arcana | Office Headquarters | Related Party
Related Party Transaction [Line Items]
Percentage of counterparty ownership by related party			3%
Sartini Enterprises | Aircraft Time-sharing, Co-user and Various Cost-sharing Agreements | Related Party
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction				100,000	300,000	$ 600,000
Accounts receivable				$ 100,000	$ 100,000
Anthony A. Marnell III | Related Party
Related Party Transaction [Line Items]
Shares repurchased (in shares)	263,418	210,000
Shares repurchased (USD per share)	$ 41.35	$ 42.61
Anthony A. Marnell III | Related Party | Accumulated Deficit
Related Party Transaction [Line Items]
Shares repurchased	$ 10,900,000	$ 8,900,000

Segment Information - Additiona

Segment Information - Additional Information (Details)	12 Months Ended
	Dec. 31, 2024 segment slotMachine mi
Segment Reporting Information [Line Items]
Number of reportable segments | segment	3
Nevada Locals Casinos
Segment Reporting Information [Line Items]
Number of mile radius for local customers | mi	5
Nevada Taverns
Segment Reporting Information [Line Items]
Number of onsite slots within tavern | slotMachine	15

Segment Information - Schedule

Segment Information - Schedule of Reportable Segment and Reconciliation to Net Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenues
Other	$ 56,061	$ 71,791	$ 63,126
Total revenues	666,818	1,053,149	1,121,719
Segment (expenses) income
Payroll and related	(222,260)	(209,666)	(197,417)
Operating expenses	(199,503)	(200,765)	(183,117)
Cost of sales	(46,260)	(46,523)	(46,583)
Other segment items	(43,420)	(373,673)	(427,522)
Adjusted EBITDA	155,375	222,522	267,080
Adjustments
Depreciation and amortization	(90,034)	(88,933)	(100,123)
Non-cash lease benefit (expense)	380	15	(165)
Share-based compensation	(10,434)	(13,476)	(13,433)
Gain (loss) on disposal of assets	213	228	(934)
Gain on sale of businesses	69,238	303,179	0
Loss on debt extinguishment and modification	(4,446)	(1,734)	(1,590)
Preopening and related expenses	(508)	(760)	(161)
Impairment of assets	(2,399)	(12,072)	0
Other, net	(9,707)	(11,491)	(4,317)
Interest expense, net	(34,884)	(65,515)	(63,490)
Income before income tax provision	72,794	331,963	82,867
Income tax provision	(22,063)	(76,207)	(521)
Net income	50,731	255,756	82,346
Gaming
Revenues
Revenues	319,267	674,301	760,906
Food and beverage
Revenues
Revenues	171,925	182,408	175,363
Rooms
Revenues
Revenues	119,565	124,649	122,324
Operating Segments
Revenues
Other	55,096	62,486	59,318
Total revenues	665,853	1,043,844	1,117,911
Segment (expenses) income
Payroll and related	(222,260)	(209,666)	(197,417)
Operating expenses	(199,503)	(200,765)	(183,117)
Cost of sales	(46,260)	(46,523)	(46,583)
Other segment items	(367)	(312,909)	(372,828)
Adjusted EBITDA	197,463	273,981	317,966
Operating Segments | Gaming
Revenues
Revenues	319,267	674,301	760,906
Operating Segments | Food and beverage
Revenues
Revenues	171,925	182,408	175,363
Operating Segments | Rooms
Revenues
Revenues	119,565	124,649	122,324
Operating Segments | Nevada Casino Resorts
Revenues
Other	38,644	43,943	38,137
Total revenues	399,139	413,058	406,950
Segment (expenses) income
Payroll and related	(156,550)	(147,730)	(137,259)
Operating expenses	(121,361)	(125,385)	(113,559)
Cost of sales	(22,437)	(22,531)	(22,110)
Other segment items	4,547	2,844	1,082
Adjusted EBITDA	103,338	120,256	135,104
Operating Segments | Nevada Casino Resorts | Gaming
Revenues
Revenues	155,472	160,371	175,014
Operating Segments | Nevada Casino Resorts | Food and beverage
Revenues
Revenues	95,082	98,748	89,424
Operating Segments | Nevada Casino Resorts | Rooms
Revenues
Revenues	109,941	109,996	104,375
Operating Segments | Nevada Locals Casinos
Revenues
Other	8,148	7,960	7,745
Total revenues	150,972	157,435	157,514
Segment (expenses) income
Payroll and related	(37,951)	(36,884)	(36,778)
Operating expenses	(38,837)	(39,278)	(36,425)
Cost of sales	(8,657)	(8,545)	(8,594)
Other segment items	977	1,118	131
Adjusted EBITDA	66,504	73,846	75,848
Operating Segments | Nevada Locals Casinos | Gaming
Revenues
Revenues	106,531	112,772	114,388
Operating Segments | Nevada Locals Casinos | Food and beverage
Revenues
Revenues	26,669	26,372	25,219
Operating Segments | Nevada Locals Casinos | Rooms
Revenues
Revenues	9,624	10,331	10,162
Operating Segments | Nevada Taverns
Revenues
Other	8,283	4,756	4,782
Total revenues	109,723	109,215	109,965
Segment (expenses) income
Payroll and related	(27,759)	(25,052)	(23,380)
Operating expenses	(39,305)	(36,102)	(33,133)
Cost of sales	(15,166)	(15,447)	(15,879)
Other segment items	(356)	68	37
Adjusted EBITDA	27,137	32,682	37,610
Operating Segments | Nevada Taverns | Gaming
Revenues
Revenues	51,283	52,817	53,619
Operating Segments | Nevada Taverns | Food and beverage
Revenues
Revenues	50,157	51,642	51,564
Operating Segments | Nevada Taverns | Rooms
Revenues
Revenues	0	0	0
Operating Segments | Distributed Gaming
Revenues
Other	21	4,733	6,424
Total revenues	6,019	320,680	365,472
Segment (expenses) income
Payroll and related	0	0	0
Operating expenses	0	0	0
Cost of sales	0	0	0
Other segment items	(5,535)	(286,135)	(321,451)
Adjusted EBITDA	484	34,545	44,021
Operating Segments | Distributed Gaming | Gaming
Revenues
Revenues	5,981	315,182	358,332
Operating Segments | Distributed Gaming | Food and beverage
Revenues
Revenues	17	765	716
Operating Segments | Distributed Gaming | Rooms
Revenues
Revenues	0	0	0
Operating Segments | Maryland Casino Resort
Revenues
Other		1,094	2,230
Total revenues		43,456	78,010
Segment (expenses) income
Payroll and related		0	0
Operating expenses		0	0
Cost of sales		0	0
Other segment items		(30,804)	(52,627)
Adjusted EBITDA		12,652	25,383
Operating Segments | Maryland Casino Resort | Gaming
Revenues
Revenues		33,159	59,553
Operating Segments | Maryland Casino Resort | Food and beverage
Revenues
Revenues		4,881	8,440
Operating Segments | Maryland Casino Resort | Rooms
Revenues
Revenues		4,322	7,787
Corporate and Other
Revenues
Other	965	9,305	3,808
Total revenues	965	9,305	3,808
Segment (expenses) income
Payroll and related	0	0	0
Operating expenses	0	0	0
Cost of sales	0	0	0
Other segment items	(43,053)	(60,764)	(54,694)
Adjusted EBITDA	(42,088)	(51,459)	(50,886)
Corporate and Other | Gaming
Revenues
Revenues	0	0	0
Corporate and Other | Food and beverage
Revenues
Revenues	0	0	0
Corporate and Other | Rooms
Revenues
Revenues	$ 0	$ 0	$ 0

Segment Information - Schedul_2

Segment Information - Schedule of Assets and Capital Expenditures (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Assets	$ 1,079,906	$ 1,452,283
Capital expenditures	49,900	85,877	$ 51,419
Payables incurred for capital expenditures	1,996	2,194	5,386
Operating Segments
Segment Reporting Information [Line Items]
Assets	1,025,404	1,271,202
Capital expenditures	45,644	79,473	44,118
Operating Segments | Nevada Casino Resorts
Segment Reporting Information [Line Items]
Assets	714,907	758,622
Capital expenditures	29,012	60,441	26,347
Payables incurred for capital expenditures	1,200	1,000	5,000
Operating Segments | Nevada Locals Casinos
Segment Reporting Information [Line Items]
Assets	158,864	160,059
Capital expenditures	11,648	5,691	4,035
Payables incurred for capital expenditures	300		100
Operating Segments | Nevada Taverns
Segment Reporting Information [Line Items]
Assets	151,633	148,250
Capital expenditures	4,744	3,369	2,712
Payables incurred for capital expenditures	200	700	200
Operating Segments | Distributed Gaming
Segment Reporting Information [Line Items]
Assets	0	204,271
Capital expenditures	240	9,537	9,146
Payables incurred for capital expenditures		200
Operating Segments | Maryland Casino Resort
Segment Reporting Information [Line Items]
Capital expenditures	0	435	1,878
Corporate and Other
Segment Reporting Information [Line Items]
Assets	54,502	181,081
Capital expenditures	4,256	6,404	7,301
Payables incurred for capital expenditures	$ 300	$ 300	$ 100

Subsequent Events (Details)

Subsequent Events (Details) - $ / shares		3 Months Ended
	Feb. 25, 2025	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Jul. 31, 2023
Subsequent Event [Line Items]
Common stock, dividends (USD per share)		$ 0.25	$ 0.25	$ 0.25	$ 0.25
Dividends payable (USD per share)						$ 2
Subsequent Event
Subsequent Event [Line Items]
Common stock, dividends (USD per share)	$ 0.25
Dividends payable (USD per share)	$ 0.25

SCHEDULE II _ VALUATION AND Q_2

SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS (Details) - Deferred income tax valuation allowance - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance –Beginning of Period	$ 0	$ 5,680	$ 30,783
Increase	0	0	0
Decrease	0	(5,680)	(25,103)
Balance – End of Period	$ 0	$ 0	$ 5,680