Boyd Gaming shows 31% rise in Q2 net income to $192.5m

July 28, 2023
Leer en Español

The operator's online segment has also grown 49.7%, while gaming revenue slightly decreased year-on-year.

Boyd Gaming Corporation (Boyd) has released its Q2 financial report, showing yearly revenue growth of 2.5% to $917m. The casino operator has also posted net income of $192.5m, which is an increase of 31.1% from the previous year’s second quarter.

When considering Boyd’s different segments, gaming still generates the most revenue, and brought in $660.7m, which was a slight decrease from the $684.9m made in Q2 of 2022. The online segment experienced the largest growth year-on-year, rising 49.7% to $85m.

The operations review section of the report stated that the online segment specifically benefitted from “strong results at FanDuel’s operations in Ohio and Pennsylvania, as well as the addition of Boyd Interactive.”

Food and beverage revenue stayed mostly consistent with a comparison of $70.4m this quarter and $70.3 in revenue of Q2 the previous year. Revenue from rooms was also similar, but experienced a slight decrease, as this quarter brought in $49.8m, and Q2 of 2022 generated $49.9m.

Boyd Gaming President and CEO Keith Smith commented, “During the second quarter we once again proved our ability to deliver solid results in a challenging environment, thanks to our effective operating model, strong management teams and successful growth initiatives.

“We maintained our focus on building loyalty among our core customers while our operating teams continued to effectively manage expenses throughout the business, achieving strong companywide margins consistent with recent quarters.”

Also noting core customers, the report mentioned that in the Las Vegas Locals segment of Boyd’s business, downtown specifically benefited from visitation growth, but construction disrupted visitor counts near Fremont and Main Street Station.


Product Spotlight


Things get unruly in the company of some fleecy characters in the new Konami Gaming’s new Unwooly Riches slot series.

Brian Uran - AI has shown casinos new ways to think about business


Adam Wexler: PrizePicks almost went out of business during Covid - but now...

Roughly six years after speaking to Gambling Insider as an upcoming start-up, PrizePicks CEO Adam Wexler joins the Huddle to reflect on huge growth since - which almost ground to a halt during the Covid-19 pandemic.

We cover:

- Entrepreneurship, regulatory changes and the pandemic

- Offering a different customer experience and differentiating by product

- Fantasy sports being strong enough without sports betting

- Barriers to entry in the fantasy market

- Opposition from FanDuel and DraftKings

- Targets, plans and the Philippines

- US markets and the future of fantasy

Five years ago, before the mass proliferation of social media we see today – and even before the Covid-19 pandemic – I think you would be hard pressed to find a CEO talking about “Instagrammable moments.” KPIs w...

The Global Gaming Awards: Looking ahead to 2024's ceremonies.
After more than a decade of celebrating gaming's best, Gaming America looks ahead to a bright 2024 for the Global Gaming Awards in the Americas and Asia-Pacific.
From the top: The Indian Gaming Tradeshow & Convention
Tribal gaming is a uniquely American institution and all its uncommon attributes were on display this April at the Indian Gaming Tradeshow & Convention in Anaheim, California.
Review: Terre Haute Casino Resort and Harrah's Hoosier Park Racing & Casino
Terre Haute Casino Resort vs. Harrah's Hoosier Park Racing & Casino, Gaming America's Laura Mack reviews each property.
Eureka Casino interview: CEO Andre Carrier on resort expansion
We spoke with returning guest, CEO Andre Carrier, about Eureka Casino Resort's expansion. He aims to not only change the look and feel of the casino, but to also build residential housing around it.