Boyd Gaming revenue increases in Q3
Revenue was $1.0bn, compared to $961.2m in the same period in 2024.
US.- Boyd Gaming Corporation has reported financial results for the third quarter ended September 30. Revenue totalled $1.0bn, compared to $961.2m in the same period in 2024. Net income was $1.4bn, impacted by a $1.4bn after tax gain from the sale of the company’s equity interest in FanDuel, and $65.1m in non-cash, pretax long-lived asset impairment charges.
Adjusted earnings were $139.1m, or $1.72 per share, compared to $139.3m, or $1.52 per share, for the same period in 2024. The company stated that the results reflect lower market-access fees as a result of the FanDuel transaction.
Keith Smith, president and chief executive officer of Boyd Gaming, said: “During the third quarter, our company continued to achieve revenue and adjusted EBITDAR growth after adjusting for our recent FanDuel transaction. These results were driven by year-over-year growth in play from our core customers, improving trends in play from our retail customers, our efficient operations, and our ongoing capital investment program. As a result, we saw healthy growth in gaming revenues across all three property operating segments during the quarter.
“At the same time, we continued our balanced approach to capital allocation, returning $175m to shareholders during the quarter while maintaining the strongest balance sheet in our company’s history. In all, we are encouraged by the strength of our business and remain well-positioned to continue creating long-term value for our shareholders.”
Fanatics partners with Boyd Gaming to launch sports betting in Missouri
Fanatics Betting and Gaming has partnered with Boyd in Missouri to operate mobile sports betting under Boyd’s licence. The companies will open retail sportsbooks at Boyd’s Ameristar Casino Hotel Kansas City and Ameristar Casino Resort and Spa St. Charles near St. Louis. Fanatics plans to launch its online and retail betting products when regulated sports wagering starts in the state on December 1.
