Boyd Gaming revealed revenues of US$967.5m for the quarter ending June 30, 2024, in what Keith Smith, president and CEO, called a “solid performance.”
Net income was $139.8m, or $1.47 per share, for Q2, compared to $192.5m, or $1.89 per share, for the year-ago period.
Total Adjusted EBITDAR was $344.2m versus $351.4m in Q2 2023.
“On a segment basis, conditions in the Las Vegas Locals market improved from the first quarter and our Las Vegas Locals business achieved market share growth in the quarter,” said Smith. “We also produced strong growth in our Downtown Las Vegas operations and stable performance in our Midwest & South operations.
“Additionally, we successfully maintained operating efficiencies throughout the business, with property margins of nearly 41% during the quarter. In Louisiana, we opened our new land-based casino at Treasure Chest in early June, with strong demand since its opening. And we continued our commitment to returning capital to our shareholders, with nearly $200 million in share repurchases and dividend distributions in the second quarter.
“In all, we are pleased with our second-quarter performance, and remain confident in our ability to drive long-term growth across our business.”
