Revenue and profit up at Boyd Gaming in Q3 as Covid-19 recovery continues
| By Robert Fletcher
Boyd Gaming reported a year-on-year increase in revenue and net profit during the third quarter of its 2021 financial year as easing novel coronavirus (Covid-19) restrictions in the US saw more players return to its casinos.
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Revenue for the three months to the end of September amounted to $843.1m, up 29.3% from $652.2m in the same period last year.
This was mainly due to casinos now operating at near-full strength, having faced certain measures and limitation last year as a result of the pandemic.
Boyd’s casinos in the Midwest and South region were the main source of income during the quarter, with revenue at these locations reaching $569.8m, an increase of 22.9% on 2020.
Las Vegas local casinos generated $231.3m, up 35.2% year-on-year, while Boyd’s Downtown Las Vegas casinos experienced the largest increase, with revenue at these sites rising 140.2% to $42.1m in Q3.