Gaming represented $668m of total Q1 2022 revenue, with Food & Beverage and Room amounting to $63.7m and $42.4m respectively. Other revenue amounted to $86.6m.
And in terms of reportable segment, Las Vegas Locals represented $227.5m of total Q1 2022 revenue, with Downtown Las Vegas and Midwest & South amounting to $49.5m and $583.7m respectively.
Total Adjusted EBITDAR increased 16% to $338.8m, while net income for the period was $162.9m, or $1.45 per share.
“In the first quarter of 2022, our disciplined approach to managing the business and strategic focus on our core customer once again produced exceptional results,” said Boyd Gaming President and CEO Keith Smith.
“During the quarter, strong performance from our core customers and sustained efficiencies in our marketing and operations contributed to record revenue, EBITDAR and margin performances on a companywide basis. Additionally, we took an important step in advancing our online gaming strategy with our agreement in March to acquire Pala Interactive, which will provide us with the technology and expertise to build a leading regional online casino gaming operation.”
Smith added: “We also continued to execute our robust capital return program, repurchasing $132 million in stock during the first quarter and reinstating our quarterly cash dividend.
“In all, the first quarter was an excellent start to 2022, as our proven operating strategy and experienced team continue to create long-term value for our shareholders.”
