No evidence of slowdown says Boyd Gaming

There was no evidence of an inflationary or economic impact on the casino operations of US company Boyd Gaming in its third quarter results.

The company showed a four per cent improvement on the same period of last year, with revenue at $877.3m, up from $843.1m in the comparative quarter.

Said CEO Keith Smith: “What stands out are the sequential consistency in consumer trends, year-over-year growth and play from our customers and continued operational efficiencies.

“Continuing into October, customer spending has been very consistent with the trends we’ve seen throughout this year. While there are clearly headwinds in the economy, we haven’t seen any meaningful change in our customers’ behaviour.”

Operations in downtown Las Vegas rose 17.5 per cent in the quarter, a record return, from $42.1m to $49.5m.