Boyd Gaming Q1 revenue boosted to $827.3m by 2018 acquisitions

By Matthew Enderby

Las Vegas-headquartered Boyd Gaming reported Q1 revenue of $827.3m, a 37% year-on-year rise.

The operator reported net income of $45.5m for the period, which breaks down to $0.4 per share. This represents a 10% increase from Q1 2018.

Total adjusted EBITDAR was $223m for the quarter, up 39% from $160.5m.

Included in the figures is $213m in revenue from properties purchased in the last year including Ameristar Kansas City, Ameristar St. Charles, Belterra Resort and Belterra Park, acquired on 15 October; Valley Forge Casino Resort, acquired on September 17; and Lattner Entertainment, acquired on June 1. 

Boyd Gaming has operations spread across the US and its "Las Vegas Locals" segment took revenue of $222.9m in the quarter, a 0.31% increase.

In downtown Las Vegas, revenue grew from $60.5m to $63m, a 4% rise.

The Midwest and South segments increased revenue by 67% to $541.4m, overcoming the severe winter weather experienced in the Midwest.

Keith Smith, President and CEO of Boyd Gaming, said: "We made substantial progress integrating our recent acquisitions and realising synergies, positioning us to take advantage of the long-term potential of our new properties. 

"In all, we remain confident in the direction of our company and committed to creating long-term value for our shareholders."


Share This Post


More News

Betting shops in England should be on course to reopen from 15 June, after the UK Prime Minister announced further plans to ease COVID-19 lockdown measures. Boris Johnson said all non-essential retailers,...

The silver lining

The gambling industry has taken a beating from COVID-19. In March, Macau’s Government halved its expectations for the jurisdiction’s gross gaming revenue to MOP130bn (US$16.3bn), while the European Gaming and Betting Association...