Boyd slips to loss in Q1 after Covid-19 closures
| By Daniel O'Boyle
Boyd Gaming slipped to a loss for the first quarter in 2019, as the closure of all its venues due to the novel coronavirus (Covid-19) resulted in revenue falling 17.7% year-on-year to $680.5m (£547.1m/€626.0m).
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Boyd Gaming slipped to a loss for the first quarter in 2019, as the closure of all its venues due to the novel coronavirus (Covid-19) resulted in revenue falling 17.7% year-on-year to $680.5m (£547.1m/€626.0m).
The operator’s casinos in the Midwest and South brought in $445.6m in revenue for the three months to March 31, down 17.7% from Q1 2019.
Boyd’s Las Vegas local casinos brought in $180.8m, down 18.9%, while its Downtown Las Vegas properties brought in $54.1m, down 14.1%.
Gaming brought in the vast majority of revenue, at $509.8m, a 17.8% year-on-year decline. Food and beverage revenue, meanwhile, fell 19.1% to $89.8m. Revenue from rooms fell 18.4% to $46.7m and other revenue declined 11.8% to $34.1m.
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