Everbay Capital urges Golden Entertainment to pursue real estate sale-leaseback
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EVERBAY CAPITAL RELEASES LETTER TO GOLDEN ENTERTAINMENT'S BOARD OF DIRECTORS
November 6, 2025 8:15 AM ESTProposes the immediate pursuit of a sale-leaseback of the Company's casino real estate and use of the proceeds to repay debt and pay a special dividend to shareholders.
Notes the significant underperformance of Golden Entertainment's total shareholder return relative to equity market indices and gaming industry peers. Â
Believes that a special dividend from real estate sale proceeds (after repaying all of the company's funded debt) could alone amount to 150% of the current stock price, with shareholders retaining significant additional value and upside via retained ownership in casino... More
