Golden Entertainment Plans Golf Destination Near STRAT In Las Vegas

Golden Entertainment Inc GDEN has signed an agreement with Flite Golf & Entertainment to bring golf entertainment, Atomic Range, to Las Vegas.
Atomic Range is a new 92,000 square-foot golf entertainment destination to be located on Las Vegas Boulevard, near The STRAT Hotel, Casino & SkyPod.
Under the agreement, Golden Entertainment will contribute seven acres of undeveloped real estate to Flite Golf and will share in the gross revenue generated by Atomic Range under a lease arrangement.
Flite Golf will be responsible for all Atomic Range development and operating costs and expects construction costs to be about $70 million. Atomic Range will create over 500 new jobs.
Flite Golf has partnered with Century Golf to operate Atomic Range, with development expected to break ground in Q2 2022 and projected completion date by the end of 2023.
Golden Entertainment expects Atomic Range to drive new guest traffic to The STRAT.
Price Action: GDEN shares are trading lower by 1.60% at $48.47 on the last check Monday.