Vegas portfolio gains see Boyd Gaming confident of hitting 2017 targets

New York-listed US Casino group Boyd Gaming Plc (Boyd) is confident of hitting its 2017 full-year corporate targets and expectations, following its best ‘quarter results’ in nearly ten years.

Updating investors of Q2 2017 results (period ending 30 June), Boyd reported a 10% uplift in group new revenues to $599 million (Q2 2016: $544 million).

Driven by enterprise growth across its ‘Las Vegas Local’ and ‘Las Vegas Downtown’ assets, Boyd governance would disclose a period adjusted EBITDA of $151 million up 9% on corresponding 2016’s $137 million.

Closing its Q2 2017 performance, Boyd Gaming governance was able to declare combined group adjusted earnings of $18.1 million. Moving forward the company states that it is confident of hitting its corporate guidance of $580-605 million EBITDA range.

A pleased Keith Smith, President and Chief Executive Officer of Boyd Gaming, commented on corporate Q2 2017 performance:

“Strong performances continued throughout our operations during the second quarter, reinforcing our confidence in the long-term direction of our Company.  Our Las Vegas Locals business achieved its best second-quarter results in nearly 10 years, driven by ongoing improvements to our operations and a strong regional economy. “

“ Our three newly acquired Nevada properties delivered another great quarter as well, as we continued to successfully execute on growth and synergy opportunities.  And despite softness in a few Louisiana markets, Adjusted EBITDA grew at a majority of our regional properties, including strong results throughout the upper Midwest.”

Check Also

Google updates policy terms for NY sportsbook advertising

Google has updated its ‘US Gambling and Games’ advertising policy to allow for certified and state-licensed …

Winning Post: Will New York become US sportsbooks’ rotten apple?

Regulus Partners returns to action this 2022, examining the hazardous playing field of the high …

Scott Longley: 2021… Chasing up the Big Mo’

Providing further year-end perspectives, SBC has enlisted the help of Scott Longley of the Wagers.com …