Boyd Gaming Corporation reports 14 Q1 2022 revenue increase

Boyd Gaming Corporation has reported revenue of $860

Boyd Gaming Corporation has reported revenue of $860.7m for the first off quarter of 2022, a 14% increase from the foremost canton of 2021.

Gaming represented $668m of come Q1 2022 revenue, with Food & Beverage and Room amounting to $63.7m and $42.4m respectively. Other revenue amounted to $86.6m.

And in terms of reportable segment, Las Vegas Locals represented $227.5m of add together Q1 2022 revenue, with Downtown Las Vegas and midwestern United States & South amounting to $49.5m and $583.7m respectively.

Total Adjusted EBITDAR increased 16% to $338.8m, while sack up income for the point was $162.9m, or $1.45 per share.

“In the first-class honours degree billet of 2022, our disciplined attack to managing the business organisation and strategic centering on our core customer at one time once more produced exceptional results,” said Boyd Gaming President and CEO Keith Smith.

“During the quarter, strong execution from our core customers and sustained efficiencies inward our marketing and trading operations contributed to put down revenue, EBITDAR and margin performances on a companywide basis. Additionally, we took an important tread inwards forward-moving our online gaming strategy with our concord inward March to gain Pala Interactive, which will bring home the bacon us with the technology and expertise to establish a leading regional online gambling casino gaming operation.”

Smith added: “We also continued to put to death our robust cap paying back program, repurchasing $132 jillion inward gunstock during the number one quarter and reinstating our quarterly immediate payment dividend.

“In all, the first off billet was an fantabulous embark on to 2022, as our proven operating strategy and experient team keep to create long-term value for our shareholders.”