Record-Breaking Revenue and Growth
Boyd Gaming reported third-quarter revenues exceeding $1 billion, with EBITDAR at $322 million. This was achieved while maintaining consistent margins at 37%.
Strong Performance in Midwest and South Segment
The Midwest and South segment achieved its strongest third-quarter revenue and EBITDAR performance in three years, with revenues rising 3% to $539 million and EBITDAR growing more than 2% over the prior year.
Positive Trends in Las Vegas Locals Segment
The Las Vegas Locals segment posted revenues of $211 million and EBITDAR of $92 million, with gaming revenue growth in line with the broader locals market. The segment saw year-over-year growth of 2% in both revenues and EBITDAR.
Successful Capital Investments
Boyd Gaming's capital investments are delivering strong returns, with ongoing modernization and expansion projects in Las Vegas and other regions.
Strong Shareholder Returns
During the third quarter, Boyd Gaming repurchased $160 million in stock and paid $15 million in dividends. So far this year, the company has returned a total of $637 million to shareholders.