Pandemic continues to affect Boyd Gaming

More Boyd properties opened in Q3.
More Boyd properties opened in Q3.

The casino operator saw some improvements in Q3 but continued to report year-on-year losses.

US.- Casino operator Boyd Gaming has reported third-quarter results showing a 20.4 per cent decline in group revenue from the same period last year as the Covid-19 pandemic continues to affect business.

The three-month period which ended on September 30 generated $652.2m in revenue, down from $819.6m during the third quarter of 2019.

But despite year-on-year declines, the figures showed some improvement from Q2 this year. Gaming revenue came to $185.1m in Q2, and rose to $566m in Q3.

The improvements reflect the opening of more Boyd properties as states began relaxing their Covid-19 policies.

Chief executive and president of Boyd, Keith Smith, said: “During the third quarter, we successfully navigated the challenges presented by the COVID pandemic thanks to our outstanding operating team. 

“By effectively yielding our casino floors and amenities while implementing new efficiencies throughout our business, we greatly enhanced our operating performance in a lower-revenue environment.”