Golden Entertainment Names Two New Senior Executives

Oct 30, 2017 07:00 am
LAS VEGAS -- 

Golden Entertainment, Inc. (NASDAQ:GDEN) (“Golden” or the “Company”), announced today the appointment of Ned Martin as Chief Administrative Officer and the appointment of Phyllis Gilland as General Counsel.

Ned Martin joins Chairman and Chief Executive Officer Blake Sartini, Chief Operating Officer Steve Arcana, Chief Financial Officer and Chief Strategy Officer Charles Protell, and Chief Legal Officer Sean Higgins on Golden’s senior management team. In his new position, Mr. Martin will leverage his 23 years of experience in gaming and other industries to assist in the integration of the Company’s four newly acquired properties with its existing businesses. He will also oversee Golden’s Human Resources, Security, Information Technology, and Design and Construction departments.

“Ned is well-respected in the gaming industry and has deep ties throughout the Las Vegas community. I am pleased that he is joining our senior management team as we strengthen our organization and grow our business,” Mr. Sartini said.

Mr. Martin previously served as Chief Operating Officer and Chief Financial Officer at American Casino & Entertainment Properties LLC (ACEP), which Golden acquired on October 20, 2017. The acquisition brought to Golden Entertainment three properties in Las Vegas including the Stratosphere Casino, Hotel & Tower, Arizona Charlie’s Decatur and Arizona Charlie’s Boulder, as well as the Aquarius Casino Resort in Laughlin.

At ACEP, Mr. Martin was responsible for the organization’s operational and financial aspects and served on its Board of Directors. Prior to joining ACEP, he held senior level finance, strategic planning, and development positions with Station Casinos, Silverton Casino, LLC, and Maloof Companies.

Phyllis Gilland will also join Golden Entertainment, as Senior Vice President and General Counsel, and will report to Sean Higgins, the Company’s Chief Legal Officer. She previously served as Senior Vice President, General Counsel and Compliance Officer for ACEP as well as General Counsel and Chief Financial Officer for Taylor Construction Group Companies.

“Phyllis brings significant legal and compliance experience to our company, which will be important as we look to operate effectively here in Nevada, as well as, expand our presence in multiple jurisdictions,” Mr. Sartini said. “Both Ned and Phyllis bring tremendous experience to our already talented executive team, and we are now well positioned to take on this significant growth as a result of this exciting transaction.”

About Golden Entertainment, Inc.

Golden Entertainment, Inc. owns and operates gaming properties across two divisions – resort and casino operations and distributed gaming. The Company operates approximately 16,000 gaming devices, 114 table games, and 5,162 hotel rooms, and provides jobs for more than 7,200 team members. Golden Entertainment owns eight casino resorts – seven in Southern Nevada and one in Maryland. Through its distributed gaming business in Nevada and Montana, Golden Entertainment operates video gaming devices at nearly 1,000 locations and owns nearly 60 traditional taverns in Nevada. The Company is licensed in Illinois to operate video gaming terminals. Golden Entertainment is focused on maximizing the value of its portfolio by leveraging its scale, leadership position and proven management capabilities across its two divisions. For more information, visit www.goldenent.com.

Forward-Looking Statements

This press release contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward-looking statements can generally be identified by the use of words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “potential,” “seek,” “should,” “think,” “will,” “would” and similar expressions, or they may use future dates. Forward-looking statements in this press release include, without limitation, statements regarding the Company’s plans, objectives, expectations and intentions, including with respect to the growth and expansion of its business. It is important to note that the Company’s goals and expectations are not predictions of actual performance. These forward-looking statements are subject to assumptions, risks and uncertainties that may change at any time, and readers are therefore cautioned that actual results could differ materially from those expressed in any forward-looking statements. Factors that could cause actual results to differ include, among other things: the effects of disruption caused by the ACEP acquisition making it more difficult for the Company to execute its operating plan effectively or to maintain relationships with employees, vendors and other business partners; delays in realizing or failure to realize the anticipated cost savings, synergies and other benefits of the ACEP transaction; the Company’s ability to successfully integrate ACEP’s businesses, and other acquired businesses; changes in national, regional and local economic, political and market conditions; legislative and regulatory matters (including the cost of compliance or failure to comply with applicable laws and regulations); increases in gaming taxes and fees in the jurisdictions in which the Company operates; litigation; increased competition; the Company’s ability to renew its distributed gaming contracts; reliance on key personnel (including our Chief Executive Officer, Chief Operating Officer and Chief Strategy and Financial Officer); the level of the Company’s indebtedness and the Company’s ability to comply with covenants in its debt facilities; terrorist incidents; natural disasters; severe weather conditions; the effects of environmental and structural building conditions; the effects of disruptions to the Company’s information technology and other systems and infrastructure; factors affecting the gaming, entertainment and hospitality industries generally; and other risks and uncertainties discussed in the Company’s filings with the SEC, including the “Risk Factors” sections of the Company’s Annual Report on Form 10-K for the year ended December 31, 2016 and most recent Quarterly Report on Form 10-Q. The Company undertakes no obligation to update any forward-looking statements as a result of new information, future developments or otherwise. All forward-looking statements in this press release are qualified in their entirety by this cautionary statement.

Investor Relations:
JCIR
Joseph Jaffoni, Richard Land, James Leahy
212-835-8500
[email protected]
or
Media Relations:
Golden Entertainment, Inc.
Howard Stutz
Director Corporate Communications
702-526-1822
[email protected]