Everbay Capital LP, a New York-based alternative investment management firm, which manages funds which have been shareholders of Golden Entertainment Inc. (GDEN), released a new letter to the company's Board, following up on the letter it sent last week. In the new letter, Everbay expressed significant concerns regarding the transactions announced last week, including the sale of the company's casino real estate to Vici Properties Inc. (VICI) and the sale of the company's casino operations and tavern business to Chairman & CEO, Blake L. Sartini.
Everbay said the price of $2.75 per share for RemainCo is woefully inadequate. Also, there is no logical reason for these two transactions to be bundled, Everbay noted. Everbay urged Golden Entertainment to allow shareholders to vote on the real estate and RemainCo transactions separately, so that shareholders could choose to approve the real estate sale but reject the RemainCo sale.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.