Everbay Capital Urges Golden Entertainment to Pursue Sale-Leaseback of Casino Real Estate, Debt Repayment, and Special Dividend

Everbay Capital, a New York-based alternative investment firm, has released a letter to Golden Entertainment's Board of Directors, proposing a sale-leaseback of the Company's casino real estate to repay debt and pay a special dividend to shareholders. The letter suggests that the special dividend could amount to 150% of the current stock price, and that the Board should establish a special committee to evaluate strategic alternatives for the remaining company. Everbay believes that the Company's casino real estate is undervalued and that a sale-leaseback would unlock significant value for shareholders.