A prominent gaming and entertainment corporation, Boyd Gaming, recently released its fiscal report for the third quarter of 2023, concluding on September 30th. Their earnings demonstrated robust year-over-year growth, attaining $903.2 million versus $877.3 million in the corresponding period the previous year. Nevertheless, their gains experienced a minor decline, with total earnings at $135.2 million, or $1.34 per share, in contrast to $157 million, or $1.46 per share, in the third quarter of 2022.
Boyd Gaming’s President and CEO, Keith Smith, emphasized the company’s varied operational strategy as an asset, citing steady involvement from their primary clientele, solid performance in their digital gaming sector (including their Sky River location), and expansion in non-gaming revenue channels.
Boyd Gaming also acknowledged advancements in several development ventures. Their latest expansion endeavor at the Fremont Hotel contributed to unprecedented quarterly outcomes for that establishment. Their online gaming division profited from the sustained success of FanDuel, which Boyd Gaming procured in November 2022.
Notwithstanding the decrease in profits, Boyd Gaming maintains a positive outlook on the future. They conducted a conference call on October 24th to elaborate on their third-quarter performance.
Boyd Gaming is experiencing a surge in profits! Their total earnings have climbed a significant 12% year-over-year, and their digital gaming platform? It’s soaring, boasting a massive 123% jump! However, they’re not just sitting on their fortune. Boyd Gaming is putting resources into the future of Las Vegas, collaborating with UNLV to establish the Boyd Innovation Lab within the university’s Black Fire Innovation facility. This initiative, which debuted in September 2023, seeks to be a major catalyst for the hospitality sector in Southern Nevada.
admin