Nevada Gaming Firm Report Revenue Rise Following 2019 Report

Nevada Gaming Firm Report Revenue Rise Following 2019 Report

USA – A gaming and hospitality firm in Nevada; Boyd Gaming Corporation, has today reported revenue rises following the release of the organisation’s fourth quarter figures and annual results for the entire year 2019.

Boyd Gaming Corporation is a 1975 established firm that is run by the family of founder Sam Boyd. The firm owns and operates more than twenty casino hotels with over seven thousand hotel rooms and a gaming space spanning more than 75k square metres featuring over twenty-one thousand slot machines.

Properties include; Fremont Hotel and Casino, Main Street Station, Cannery Casino and Hotel, Eastside Cannery Casino and Hotel, Diamond Jo Casino — Northwood, Iowa, IP Casino Resort & Spa — Biloxi, Mississippi and Kansas Star Casino — Mulvane, Kansas among others.

President and Chief Executive Officer of Boyd Gaming Corporation Keith Smith commented on the report:

“Our diversified nationwide portfolio continued to generate strong results in the fourth quarter of 2019, as every segment of our business achieved growth in same-store revenues and Adjusted EBITDAR.  In our Midwest & South region, strong same-store gains were complemented by exceptional performances at the recently acquired Ameristar and Belterra properties, which grew combined Adjusted EBITDAR at a double-digit pace while improving operating margins by more than 350 basis points.”

Smith elaborated on the figures and what the report means for the firm moving forward:

“In our Las Vegas Locals segment, revenue growth remained consistent with trends we saw throughout the year, though EBITDAR growth slowed, primarily due to a difficult comparison to a strong fourth quarter of 2018.  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.”

Boyd Gaming Corporation reported revenues in the fourth quarter of 2019 of more than $833 million, up more than five percent on the same period in the previous year.

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