Boyd continues to feel Covid-19 impact in Q3
| By Robert Fletcher
Casino operator Boyd Gaming said novel coronavirus (Covid-19) weighed on its third quarter performance, reporting a 20.4% year-on-year drop in revenue for the period.
Group revenue for the three months to September 30 amounted to $652.2m (£499.7m/€551.5m), down from $819.6m in the corresponding period last year.
Gaming revenue was down 7.7% from $613.5m to $566.0m, as Boyd’s properties were forced to continue operating at limited capacity due to state orders related to the Covid-19 pandemic.
However, the operator noted that despite the year-on-year decline, this total did represent an improvement on Q2, during which gaming revenue only reached $185.1m, due to many of its properties being closed for much of the reporting period due to Covid-19.
Food and beverage revenue in Q3 was down by 64.1% year-on-year to $38.8m, while room revenue fell 55.7% to $26.9m, and other revenue 44.8% to $20.6m.