Golden Entertainment Names Charles Protell Executive Vice President, Chief Strategy Officer And Chief Financial Officer

Golden Entertainment, Inc. (NASDAQ: GDEN), based in Las Vegas, announced today that Charles Protell will be named Executive Vice President, Chief Strategy Officer and Chief Financial Officer of the Company.

Mr. Protell, 42, has had nearly a 20-year career in corporate advisory and investment banking, most recently as a Managing Director of Investment Banking for Macquarie Capital, covering the gaming, lodging and leisure sectors. Prior to Macquarie Capital, he held similar investment banking positions with REGAL Capital Advisors, Credit Suisse, Deutsche Bank, and CIBC World Markets. Mr. Protell has closed more than 70 capital raising and advisory transactions with a total value of approximately $55 billion, including acting as advisor to Golden Entertainment's predecessor companies in various capacities since 2010. He acted as advisor to Lakes Entertainment in the merger transaction with Sartini Gaming, which created Golden Entertainment in July 2015. In addition, Mr. Protell previously acted as advisor to Sartini Gaming on various initiatives, including its acquisition of distributed gaming operations and casino assets from Affinity Gaming.

As Chief Strategy Officer and Chief Financial Officer, Mr. Protell will oversee the Company's strategic planning, business development, financial reporting and treasury functions, including SEC reporting as well as maintaining investor and lender relationships.

"Charles offers Golden Entertainment a wealth of investment banking experience and relationships that come with a track record of successful transactions in the gaming industry," said Blake L. Sartini, Chairman, President and CEO of Golden Entertainment. "We have known Charles for many years, and look forward to using his skill set to accelerate and enhance our ability to evaluate and pursue opportunities to increase shareholder value."

"I am fortunate to have the opportunity to join Golden Entertainment at a time when the Company is positioned for meaningful organic growth and has the right capital structure to actively pursue strategic acquisitions," stated Mr. Protell. "I believe the Company's leadership in distributed gaming and regional casinos provides Golden Entertainment unique access to opportunities, and I look forward to helping Blake and his team execute on those opportunities in the near future."

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