Locals market strong for Boyd Gaming

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The suburban casinos of Boyd Group in the US have had a strong resurgence from the pandemic and it shows in the group’s second quarter results.

Boyd reported its second highest adjusted quarterly earnings in its history and CEO Keith Smith commented that the company was now well prepared for any potential recession.

Revenues reached $894.5m up from last year’s $893.6m and net income of $146.8m against $113.7m. EBITDA was $353.9m compared with the record $385.4m of last year.

The Las Vegas locals market saw margins of over 50 per cent for the fifth quarter in succession.

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