Boyd Gaming returns to profit in H1 as revenue rockets 85.0%

| By Robert Fletcher
US land-based casino operator Boyd Gaming returned to profit in the first half of its financial year after reporting an 85.0% year-on-year increase in revenue.

Total revenue for the six months to June 30 amounted to $1.65bn (£1.19bn/€1.40bn), up from $890.4m in the same period last year.

Boyd’s first half performance in 2020 was significantly impacted by the novel coronavirus (Covid-19) pandemic, which led to the closure of its casinos from mid-March. In contrast, Boyd’s properties remained opened for the entire first half this year, though most faced certain operating restrictions such as capacity limits and social distancing.

Gaming revenue jumped 93.6% to $1.35bn while food and beverage revenue increased by 1.0% to $101.5m, room revenue 21.5% to $65.1m and other revenue 226.6% to $134.9m.

In terms of location, Boyd’s Midwest and South casinos led the way by generating $1.17bn in revenue, up 94.0% year-on-year. Revenue from Las Vegas local casinos climbed 73.8% to $60.2m, while Downtown Las Vegas casino revenue edged up 2.4% to $60.2m.

Read the full story on iGB North America.

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