Published
Casino

Boyd Gaming posts year-on-year revenue growth of 27% for 2019

Boyd Gaming has reported a 27% year-on-year rise in revenue for 2019.

boydgamingresults

In its full-year results, revenue for the year ending 31 December was up to $3.33bn, while net income improved 37% to $157.6m.

Adjusted EBITDAR was also up 31% from 2018, to $896.7m.

For Q4 2019, revenue was up 5% from the previous year to $833.1m, with net income improving 6% to $24.3m over the same period.

Total adjusted EBITDAR rose 9% to $227.6m for Q4, while adjusted earnings were up by more than $20m from 2018, to $57.4m.

While the operator projects total adjusted EBITDAR of between $915m to $935m for 2020, total debt remains high at $3.81bn.

Boyd Gaming CEO and President Keith Smith, said: "Our diversified nationwide portfolio continued to generate strong results in the fourth quarter of 2019, as every segment of our business achieved growth in the same-store revenues and Adjusted EBITDAR.

"On the sports betting front, our newly opened FanDuel Sportsbooks helped attract new customers to our properties in Pennsylvania, Indiana and Iowa.

"As we enter the new year, the underlying trends in our nationwide business remain strong and we are confident in our prospects for 2020."

Premium+ Connections
Premium

Imagine Live

 
Premium

Revsharks

 
Premium

RISK

 
Premium

Galaxsys

 
Premium

GammaStack

 
Premium

Sport Generate

 
Premium

1xBet Partners

 
Premium

Digitain

 
Premium

Lynon

 
 
Premium

PIN-UP 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...