Asset manager owns 5.06% of Strat owner’s shares outstanding Gabelli has previously made bullish remarks on Golden Entertainment Mario Gabelli’s GAMCO Investors has taken what appears to be an activist stake in regional casino operator Golden Entertainment (NASDAQ: GDEN), but the money manager isn’t looking to take control of the gaming company. GAMCO Chairman and CEO Mario Gabelli. The firm has taken an activist stake in Golden Entertainment. (Image: YouTube) A Form 13D filing with the Securities and Exchange Commission (SEC) indicates GAMCO, affiliates tied to the asset manager, and Gabelli himself now hold more than 1.32 million shares of the Strat operator. That works out to $22.56 million in dollar terms or 5.06% of the operator’s outstanding equity. Activist or otherwise, investors that own more than 5% of a publicly traded are required to disclose those stakes to federal regulators. The (GAMCO) filing says the holdings were acquired for investment across advisory and proprietary accounts; the purchasers used client…Read MoreCategory: Commercial Gaming, Financial, Las Vegas, Mergers and Acquisitions, Real Estate, Rumors, commercial gaming, mergers and acquisitions, real estate, rumorsSource: Casino.org