Golden Entertainment, Inc.
Climate Impact & Sustainability Data (2020)
Reporting Period: 2020
Environmental Metrics
Social Achievements
- Expanded use of online learning tools for employee training, with a focus on safety and compliance, including COVID-19 safety. Over 47,000 individual course completions in safety and compliance training modules.
- As of December 31, 2020, the organizational makeup was 50.5% female and 49.5% male with approximately 41% of management roles held by women.
- Implemented various mitigating actions to preserve liquidity in light of the COVID-19 pandemic, including delaying material capital expenditures, reducing operating expenses and implementing a cost reduction program with respect to discretionary expenditures. Maintained a headcount of over 6,700 employees (over 80% of pre-pandemic headcount) by the end of 2020 after bringing employees back from furlough.
Climate Goals & Targets
Environmental Challenges
- Significant negative impact on financial condition and results of operations due to the COVID-19 pandemic, including temporary closures of properties and limitations on operations following reopening.
- Uncertainty regarding the duration and intensity of the COVID-19 pandemic and its impact on business and customer spending.
- Increased competition in the resort casino and distributed gaming industries, including from online gaming.
Mitigation Strategies
- Implemented protocols to protect team members, patrons, and guests from COVID-19 exposure (enhanced sanitization, capacity limitations, social distancing, etc.).
- Implemented various mitigating actions to preserve liquidity, including delaying capital expenditures, reducing operating expenses, and implementing a cost reduction program.
- Lease concessions for certain taverns and route locations (deferral and forgiveness of rent payments).