Published
FinancialIndustry

Boyd Gaming reports Q2 revenue of $893.6m

Boyd Gaming has announced revenue during the second quarter of 2021 totalled $893.6m.  

boydgaming

The total is a sharp increase from last year’s figure of $209.9m, at a time when businesses were heavily affected by the Covid-19 outbreak.  

The operator's reported net income reached $113.7m, compared to last year's net loss of $108.5m.  

Boyd says its 2021 pre-tax income was impacted by charges of $65.5m, which were handed out due to early extinguishments of debt.  

Total adjusted EBITDAR was $385.4m for Q2 2021, up from the paltry $16.1m registered during the second quarter of 2020.  

Adjusted earnings in Q2 2021 were $175.2m, a yearly increase from an adjusted loss of $110.5m. While adjusted EBITDAR margins after corporate expense were 43.1% in Q2 2021.  

Boyd adds that all three of its operating segments set all-time records for operating margins, while the Las Vegas Locals and Midwest & South segments also registered all-time records for adjusted EBITDAR.  

As of 30 June 2021, Boyd Gaming had cash on hand worth $334.5m and total debt worth $3.39bn.  

Keith Smith, President and CEO of Boyd Gaming, said: "Our second-quarter results reflect the strength of our operating strategy as our streamlined cost structure, enhanced capabilities and focus on our core customers all continue to drive strong results throughout our portfolio.  

“We are encouraged the strength from the first half of the year has carried into July, and are confident in our ability to continue delivering robust levels of EBITDAR and margin performance.

"These outstanding results are a tribute to the hard work of the entire Boyd Gaming team and their shared dedication to our transformed operating model, which will continue to create long-term value for our stakeholders." 

Premium+ Connections
Premium

Galaxsys

 
Premium

GammaStack

 
Premium

Revsharks

 
Premium

PIN-UP Partners

 
Premium

Lynon

 
Premium

Sport Generate

 
Premium

RISK

 
Premium

Digitain

 
Premium

Imagine Live

 
 
Premium

1xBet Partners

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...