Boyd Gaming reports rise in revenue for Q1

The casino and resort operator has reported a strong rise in gaming revenue which more than offset the drop in hospitality and food and beverage revenue.

US.- Boyd Gaming has revealed its financial results for the first quarter of the year, reporting a rise in overall revenue.

While hospitality revenue dropped considerably year on year, total revenue for the quarter hit $753.3m, up 10 per cent from the first quarter last year when the Covid-19 pandemic first hit.

Gaming revenue accounted for $617.9m, up 21.2 per cent year-on-year. Food and beverage revenue came to $44.1m, a drop of 50.9 per cent compared to the first quarter of 2020.

Room revenue dropped by 43.2 per cent to $26 million.

Keith Smith, president and chief executive officer of Boyd, said the company expect to begin to see a recovery on the hospitality side as well.

He said: “As economic conditions improve and Covid-19 vaccinations continue to roll out, we are seeing increased visitation and growing spend-per-visit across every customer segment.”