Boyd Gaming today reported positive financial results for the third quarter ended September 30, 2019.
The operator reported Q3 revenues of $819.6m, up from $612.2m in the third quarter of 2018. It reported net income of $39.4m for the third quarter of 2019, compared to $11.8m for the year-ago period. Keith Smith, president and CEO, said: “In the third quarter, our diversified nationwide portfolio continued to deliver growth in same-store revenues, adjusted EBITDAR and margins, led by another outstanding quarter by our Las Vegas locals business.
“Our newly acquired properties produced strong results under our ownership, with adjusted EBITDAR growth of nearly six per cent and margin improvement of more than 200 basis points on a combined basis.
“And we substantially expanded our sports-betting partnership with FanDuel Group, opening sports books at four new locations in the midwest while successfully launching a market-leading mobile betting app in Pennsylvania.
“Our company continues to deliver strong operating results and we remain focused on executing a disciplined, balanced approach to creating long-term shareholder value.
