Officials at Boyd Gaming are optimistic about where the company is headed. And they’re not dwelling on less than red-hot revenue to cool their jets.
Boyd Gaming reported first-quarter 2015 net revenues of $550.6 million, an increase of 1.8% compared to pro forma net revenues of $541.1 million for the same quarter in 2014.
“In the first quarter,” reflects Keith Smith, president and chief executive of Boyd Gaming, “we delivered broad-based EBITDA growth and margin improvement, driven by higher revenues and more efficient operations.”
Despite what remains a rocky time in the casino industry and online gaming space, Boyd continues to hang tough and focus on new and expanded innovations for the future of its operations.
“We continued to make progress enhancing non-gaming amenities across our portfolio, allowing us to further capitalize on growing customer demand in this area,” Smith adds. “We also continued to use free cash flow to further reduce debt during the quarter. The execution of our Company’s strategic plan is clearly improving our growth and profit potential, and increasing long-term shareholder value.”
With regard to full year guidance for 2015, Boyd Gaming is raising its previously provided guidance. The firm said Thursday that it “now projects total Adjusted EBITDA, including Peninsula and 50% of Borgata’s Adjusted EBITDA, of $542 million to $567 million.”