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Stock impact report

Boyd Gaming cites soft market as first-quarter revenue lags in Las Vegas [Yahoo! Finance]

Boyd Gaming Corporation (BYD) 
Last boyd gaming corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NYSE Investor Relations: boydgaming.investorroom.com
Company Research Source: Yahoo! Finance
Revenue companywide came in at $960.5 million, about $3.5 million behind the first quarter of 2023. Revenue in Las Vegas has dropped from last year's $240 million to this year's $225 million during the first quarter. Boyd Gaming President and CEO Keith Smith cited three reasons for the lower numbers in Las Vegas. First, a record 2023 would have been hard to match. Second, the December opening of Durango Casino & Resort has had an effect on competitors — both directly and indirectly. And third, Smith said the locals market has been softer since the beginning of the year. Each of those factors took a $5 million bite. Boyd owns nine resorts in Las Vegas: Aliante Casino + Hotel + Spa, The Orleans Hotel & Casino, Gold Coast Hotel & Casino, Suncoast Hotel & Casino, Sam's Town Las Vegas, Cannery Casino Hotel, California Hotel & Casino, Fremont Hotel & Casino and Main Street Station Casino Brewery Hotel. Downtown Las Vegas — where three of Boyd's properties operate — was among the ar Show less Read more
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