Boyd Gaming returns to New Jersey
Boyd Gaming expands its footprint in New Jersey with the acquisition of Resorts Digital.Boyd Gaming is a major US hotel and casino operator. The company will expand its...
Boyd Gaming reports $1B revenue for the first time
Boyd Gaming, a major US hotel and casino operator, reported a strong Q4 of 2024, with $1 billion in revenue for the first time.
When compared to 2023, this is an increase of 5.1%. Net income for Q4 hit $1.92 per share, a significant increase from $92.6 million, or $94 per share, during the same period in 2023.
These numbers come from strategic property upgrades and renovations.
Keith Smith, President and CEO, commented:
“An example of this is the Suncoast, where we opened a new sportsbook, high-limit room, and premium steakhouse in 2024. All of these new amenities have been well received by our customers, helping drive solid results for Suncoast over the last several quarters.”
Boyd unveiled the first phase of the Suncoast renovation in late January, with the full project expected to be completed by early 2026. Smith shared that the next steps include a complete overhaul of the casino floor, the addition of a new food hall, and an expansion of meeting spaces.
Moreover, the company saw success in Las Vegas as well.
Chief Financial Officer Josh Hirsberg announced:
“The nearby master-planned community of Cadence is one of the fastest-growing neighborhoods in the Las Vegas Valley, and this development will position us to capitalize on the growth.”
Boyd’s shares, which are traded on the New York Stock Exchange, saw a 2.7% increase on Thursday, closing at $78.57 per share, with trading volume more than twice the daily average.
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