On November 11, 2016, Matthew Flandermeyer resigned, effective as of November 28, 2016, from his position as Executive Vice President, Chief Financial Officer and Secretary of Golden Entertainment, Inc., to pursue family business opportunities. On November 11, 2016, the Board of Directors of the Company appointed Charles Protell as the Executive Vice President, Chief Strategy Officer and Chief Financial Officer of the Company, effective as of the commencement of his employment with the Company. Mr. Protell has agreed to commence his employment with the Company by no later than December 1, 2016.

Mr. Protell, 42, has served as a Managing Director at Macquarie Capital's investment banking group since May 2011, and as Co-Founder and a Managing Director at REGAL Capital Advisors from January 2009 until its acquisition by Macquarie Capital in May 2011. Prior to co-founding REGAL Capital Advisors, Mr. Protell held various investment banking roles at Credit Suisse, Deutsche Bank and CIBC World Markets. On November 11, 2016, the Board appointed Gary Vecchiarelli as Senior Vice President of Finance and Accounting of the Company, effective as of the commencement of his employment with the Company.

Mr. Vecchiarelli has agreed to commence his employment with the Company by no later than January 3, 2017. Mr. Vecchiarelli, 39, has served as Chief Financial Officer of Galaxy Gaming, Inc., since May 2012. From July 2011 to May 2012, Mr. Vecchiarelli served as the Division Controller for Spectrum Pharmaceuticals, Inc. Prior to joining Spectrum Pharmaceuticals, Mr. Vecchiarelli was a Manager at BDO USA, LLP and a Supervisor at McGladrey & Pullen, LLP.