Boyd Gaming Corporation
Boyd Gaming Reports Third-Quarter 2023 Results
Boyd Gaming Corporation has reported financial results for the third quarter ended September 30, 2023.
Keith Smith, President and Chief Executive Officer of Boyd Gaming, said: “Our third-quarter results reflect the value of our diversified business model. Continued strength in play from our core customers, strong results from Sky River and online gaming, and growth in our non-gaming business all contributed to a solid performance in the quarter. However, quarterly results were impacted by declines in play from our retail customers and ongoing cost pressures, both related to the challenging economic environment.”
Smith continued: “During the quarter we continued to leverage our strong free cash flow to pursue a balanced capital allocation strategy that is creating significant value for our shareholders. We demonstrated the growth potential of our property reinvestment initiative, delivering record quarterly results at the Fremont following its recent expansion project. And we remain committed to our capital return program, having returned over $1 billion to shareholders in the last two years through our ongoing share repurchases and dividends.”
Boyd Gaming reported third-quarter 2023 revenues of $903.2 million, up from $877.3 million in the third quarter of 2022. The Company reported net income of $135.2 million, or $1.34 per share, for the third quarter of 2023, versus $157.0 million, or $1.46 per share, for the year-ago period.
Total Adjusted EBITDAR was $320.8 million in the third quarter of 2023, compared to $337.7 million in the third quarter of 2022. Adjusted Earnings for the third quarter of 2023 were $137.3 million, or $1.36 per share, versus $159.2 million, or $1.48 per share, for the same period in 2022.
Boyd Gaming Corporation
Boyd Gaming to Sell Sam’s Town Shreveport to Bally’s Corporation
Boyd Gaming Corporation announced that it has entered into a definitive agreement to sell Sam’s Town Hotel & Casino in Shreveport, Louisiana, (Sam’s Town Shreveport) to Bally’s Corporation.
Located adjacent to Bally’s Shreveport Casino & Hotel in downtown Shreveport, Sam’s Town Shreveport features a 29,000-square-foot casino with 750 slot machines and 14 table games, a 514-room hotel, multiple restaurants, a live entertainment venue, and convention and meeting space.
The transaction is expected to close in the third quarter of 2026, subject to the satisfaction of customary closing conditions and the receipt of required regulatory approvals. Terms of the transaction were not disclosed.
Soo Kim, Executive Chairman of Bally’s Corporation, said: “As an existing operator in Shreveport, we know this market well and understand what makes it special – from its loyal customer base to its important role in the region’s broader gaming and entertainment landscape. The acquisition of Sam’s Town Shreveport reflects our confidence in the community and our long-term commitment to growing our presence here. We see meaningful opportunities to reinvest in the market and further strengthen Shreveport’s position as a premier destination for gaming and entertainment. We look forward to sharing more about our broader vision and plans for the property and the market in the near future.”
Keith Smith, President and Chief Executive Officer of Boyd Gaming, said: “The sale of our Sam’s Town Shreveport property is consistent with our continued focus on refining our operating model and our nationwide property portfolio. Sam’s Town Shreveport has been a part of our Company since 2004, and we appreciate all of the contributions of its team members, past and present, in providing great service to our guests throughout the last two decades.”
The post Boyd Gaming to Sell Sam’s Town Shreveport to Bally’s Corporation appeared first on Americas iGaming & Sports Betting News.
Bob Scucci
IGT PlaySports Continues Partnership with Boyd Gaming in Nevada via New Three-year Technology Agreement
International Game Technology PLC announced that it recently signed a new, three-year sports betting technology agreement with Boyd Gaming Corporation. Under the terms of the agreement, IGT’s award-winning PlaySports platform will continue powering Boyd Gaming’s retail and mobile sports betting offering in Nevada through August 2028. The new agreement builds on IGT and Boyd Gaming’s long-standing sports betting technology partnership that started in 2018.
“Boyd Gaming is pleased to announce our decision to continue powering our retail and mobile sportsbooks in Nevada with IGT PlaySports technology. As the core technology of our sports betting offering in Nevada, IGT PlaySports’ platform enables us to evolve Boyd Sports in ways that deliver incremental value to our players and seamlessly scale our offering to address new business opportunities,” said Bob Scucci, Vice President of Race & Sports Operations for Boyd Gaming.
“IGT PlaySports looks forward to continuing our close partnership with Boyd Gaming in Nevada for three additional years and helping them engage players across channels in the most mature, competitive sports betting market in the US. IGT PlaySports continues to invest in and grow our footprint in Nevada. The performance, reliability and scalability of our technology stack and self-service betting technologies ensure our customers benefit from the most comprehensive B2B solution in North America,” said Joe Bertolone, IGT SVP of Sports Betting.
In addition to using the IGT PlaySports platform, Boyd Gaming will continue to offer IGT’s PlaySports Kiosks at its 10 retail betting locations across Nevada.
The post IGT PlaySports Continues Partnership with Boyd Gaming in Nevada via New Three-year Technology Agreement appeared first on Gaming and Gambling Industry in the Americas.
Agilysys Inc
Boyd Gaming Corporation Chooses Agilysys InfoGenesis SaaS Ecosystem as its Point of Sale (POS) Solution Standard
Agilysys Inc., a leading global provider of hospitality software and services, announced that Boyd Gaming Corporation has signed a Software-as-a-Service (SaaS) agreement for InfoGenesis, the Agilysys omnichannel enterprise POS ecosystem, to be deployed across its 28 gaming entertainment properties in the US.
When fully implemented, data and transactions will be unified across all endpoints, including self-service kiosks, on-demand mobile food and beverage ordering profit centers and kitchen display stations. Data across systems will help Boyd optimize guest engagement and offers as well as operational decisions.
In addition to the InfoGenesis core system, Agilysys solutions in the agreement include OnDemand, guest self-service Kiosks, Kitchen Display Stations (KDS), Loyalty-Promotions and Analyze.
Johan Martensson, Senior Vice President of Business and Technology at Boyd Gaming, said: “The unified technology and feature sets across solutions in the InfoGenesis POS ecosystem were key factors in our decision to commit to this technology across our properties. Delivering exceptional guest service is at the core of the Boyd brand, and we are confident the InfoGenesis solution will further enhance the guest experience across our nationwide operations.”
Joe Youssef, Senior Vice President and Chief Commercial Officer of Agilysys, said: “Through close collaboration with Boyd Gaming, we demonstrated how Agilysys can help teams across properties leverage InfoGenesis deployed in a SaaS model to achieve their near-term and long-term vision for creating remarkable guest experiences, enhancing automation to support staff and delivering deeper operational insights. We look forward to working together to achieve these ambitions.”
The post Boyd Gaming Corporation Chooses Agilysys InfoGenesis SaaS Ecosystem as its Point of Sale (POS) Solution Standard appeared first on Gaming and Gambling Industry in the Americas.
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