
Golden Entertainment Stock Could Surge Following Potential Real Estate Sale, Analyst Reports
Golden Entertainment's potential real estate sale could significantly boost its stock value, according to Deutsche Bank analyst Carlo Santarelli. The gaming company's shares might reach $40 if it monetizes its property assets, up from its current trading price of around $32.

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Key Points:
- Deutsche Bank's current price target is $36
- Gaming REITs show interest in Las Vegas assets, though deal execution remains challenging
- The company owns real estate for eight casino hotels across Nevada
- The Strat, located near the Las Vegas Strip, represents the portfolio's most valuable asset
Recent Strategic Moves:
- 2023 sale of distributed gaming operations
- Implementation of share buybacks
- Introduction of quarterly dividend
Santarelli suggests Golden Entertainment might consider additional strategic alternatives in 2025, citing:
- Limited portfolio growth
- Declining public float
- High corporate expenses relative to EBITDA
Property Portfolio:
- 3 properties in Las Vegas
- 3 venues in Pahrump
- 2 locations in Laughlin
- The currently shuttered Colorado Belle in Laughlin could be a potential sale target
The company may provide more details about potential asset sales during its upcoming fourth-quarter results announcement, though no date has been set. Any real estate transactions would likely generate significant interest from gaming REITs, particularly in The Strat property.
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