Everbay Capital Urges Golden Entertainment To Pursue Sale-Leaseback Of Its Casino Real Estate

Today, Everbay Capital LP, a New York-based alternative investment management firm, which manages funds which have been shareholders of Golden Entertainment Inc. (NASDAQ: GDEN), a Minnesota corporation (the "Company"), since 2021, released a letter to the Company's Board of Directors, calling for the Company to immediately pursue a sale-leaseback of the Company's casino real estate, use the proceeds for debt repayment and a special dividend, and then form a special committee of independent directors to evaluate strategic alternatives for the remaining company, which would consist of a casino operating company and a tavern business.