Boyd Gaming has seen a revenue increase, following a financial report for the second quarter of 2019.
The company saw revenues of $846.1m, up 37.2 per cent from $616.8m in the second quarter of 2018. Net income was $48.5m, or $0.43 per share, for Q2 2019, compared to $38.9m, or $0.34 per share, for the same period last year.
Total adjusted EBITDAR was $232.6m for the period, rising 42.3 per cent year-on-year, and adjusted earnings were $52.5m, compared to $44m for the same period in 2018.
The results include $228.5m in revenues and $66.8m in adjusted EBITDAR from Ameristar Kansas City, Ameristar St Charles, Belterra Resort and Belterra Park, acquired on October 15, 2018; Valley Forge Casino Resort, acquired by the company on September 17, 2018; and Lattner Entertainment, acquired on June 1, 2018.
Keith Smith, president and chief executive officer of Boyd Gaming, said: "During the second quarter, our company made continued progress executing against our strategic growth initiatives. Despite a few isolated challenges, we delivered revenue, adjusted EBITDAR and operating margin growth in every segment of our business, as our operating teams identified and drove profitable revenue growth and enhanced efficiencies.
“We achieved strong growth at our newly acquired properties, significantly improving upon their solid standalone performances last year. And through ongoing marketing and operational initiatives, we are successfully growing visitation and expanding our customer base across the country. In all we are pleased with our progress, and remain confident we are well-positioned to capitalise on future growth opportunities."
