Boyd Gaming revenues up 6.5% in Q4 2017
American based gaming supplier and operator Boyd Gaming Corporation has reported a 6.5% year-on-year rise in its net revenues for the fourth quarter of 2017.
In its final financial filing of the year, the company reported Q4 net revenues of $590.8m, beating the $554.8m reported during the same period of 2016.
Company net operational income for the fourth quarter of 2017 amounted to $82.2m, a staggering year-on-year rise when compared to the $10.7m reported during the same quarter of 2016. Total adjusted EBITDA rose by 6.9% year-on-year during Q4 2017 to $148.4m, beating the $138.8m reported during the fourth quarter of 2016.
However, adjusted earnings dropped 42% year-on-year during the fourth quarter of 2017, from a Q4 2016 high of $44.3m to a reduced amount of $25.6m for the same period of 2017.
Announcing its full set of results for 2017, Boyd Gaming reported record net revenues of $2.38bn, compared to the $2.18bn reported during the full year 2016. Total adjusted EBITDA for 2017 reached a record $595.6m, up 11.1% from $536.3m in 2016, while income from continuing operations, net of tax, dropped to $167.8m during 2017 from the $205.5m reported during 2016.
In a statement accompanying the results, Keith Smith, President and CEO of Boyd Gaming, said: “Boyd Gaming finished a strong year with a record fourth quarter performance, as every segment of our business delivered growth in net revenues, adjusted EBITDA and operating margins.“Our Nevada operations continued their long term growth trajectory, with our 11th consecutive quarter of same store Adjusted EBITDA gains in our Las Vegas Locals segment.
“Our regional operations showed further improvement, as our Midwest and South segment posted its best performance of the year. And we laid the groundwork for future growth, reaching agreements in December to acquire five properties in the Midwest and Northeast.”
Gambling Insider delivers the latest industry news, in-depth features, and operator reviews that you can trust. Our team combines rigorous editorial standards with decades of specialized expertise to ensure accuracy and fairness. We are committed to delivering clear, impartial, and dependable coverage across the global gambling sector.
