Impact of the Coronavirus crisis has hit the operator hard with revenues down 18 per cent to $680.5million.
US.- US casino operator Boyd Gaming has experienced a significant drop in revenue for the first quarter of 2020 due to venue closures across the country.
According to preliminary reports from the company, revenue dropped by almost 18 per cent to $680.5million in Q1, compared to $827.3million for the same period last year.
Boyd casinos in the Midwest and South brought in $445.6million in revenue for the three months to March 31, down 17.7 per cent from Q1 2019.
The operator’s local casinos in Las Vegas brought in $180.8million, down 18.9 per cent YoY, while its Downtown Las Vegas venues brought in $54.1million, representing a 14.1 per cent decrease.
Gaming brought in the majority of revenue for Boyd, contributing $509.8million but still down 17.8 per cent year-on-year.
Boyd Gaming CEO Kevin Smith told the Las Vegas Review Journal that he expects ‘local and regional visitation’ to be consistent when when venues reopen following the Coronavirus crisis.