LAS VEGAS, NV—Golden Entertainment, Inc. (NASDAQ:GDEN), a diversified entertainment company, announced a change in its independent registered public accounting firm. The company's Audit Committee has appointed Deloitte & Touche LLP ("Deloitte") to serve as its new auditor, effective June 19, 2024, replacing Ernst & Young LLP ("EY").
The decision to change auditors was the result of a review process by the Audit Committee for the fiscal year ending December 31, 2024. According to the company's SEC filing on Monday, the Audit Committee concluded the review and evaluation of proposals from various firms which led to the dismissal of EY and the subsequent appointment of Deloitte.
Golden Entertainment (NASDAQ:GDEN) stated that the audit reports from EY for the fiscal years ended December 31, 2023, and 2022, were free of any adverse opinion or disclaimer of opinion. Additionally, there were no disagreements or reportable events between the company and EY during those fiscal years and the subsequent interim period through March 31, 2024.
EY, adhering to regulatory requirements, has provided a letter to the Securities and Exchange Commission confirming their agreement with the statements made by Golden Entertainment regarding their dismissal.
The company's filing also indicated that during the last two fiscal years and the subsequent interim period, Golden Entertainment had not consulted Deloitte on any accounting principles or transactions that might have influenced their financial statements, nor were there any disagreements or reportable events with the newly appointed firm.
This change in accounting firms comes as Golden Entertainment continues to manage its portfolio of gaming and entertainment properties. The company, headquartered in Las Vegas, Nevada, operates casinos, taverns, and slot routes across different regions.
In other recent news, Golden Entertainment reported significant developments. The company announced its Q1 2024 financial results, with revenues reaching $174 million and EBITDA at $41 million. This comes as the company divests non-core businesses, enhances its balance sheet, and focuses on growth opportunities. One of its key properties, the STRAT, saw increased occupancy, and the recent launch of Atomic Golf is expected to boost visitor numbers.
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