Golden Nugget revenue up 49.6% in H1 2021

| By Conor Mulheir
Land-based casino operator Golden Nugget, LLC, has released its financial results for the first half of 2021, showing a revenue increase of 49.6% over H1 2020.

Total revenue for the first half came to $1.58bn, compared to $1.05bn in H1 2020.

While it did not fully break down its expenses, the business was left with earnings before interest, tax, depreciation and amortisation (EBITDA) of $440.1m, compared to a negative EBITDA figure of $17.2m last year.

The business then paid interest expenses of $138.2m, down from $143.1m, income taxes of $41.9m compared to an $82.3m tax benefit in H1 2020 and depreciation and amortization costs of $99.1m, down from $107.2m. As a result, the business was left with a net income of $160.9m, compared to a $185.1m net loss in H1 2020.

Revenue for the second quarter of 2021 came in at $934.5m, compared to $288.0m in 2020. The business generated EBITDA of $303.5m, compared to a negative EBITDA figure of $89.1m.

The operator’s net income for Q2 was $146.3m, compared to a net loss of $153.5m in 2020.

Read the full story on iGB North America.

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