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Boyd Gaming Corporation

Boyd Gaming Reports Third-Quarter 2023 Results

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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.

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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.

Agilysys Inc

Boyd Gaming Corporation Chooses Agilysys InfoGenesis SaaS Ecosystem as its Point of Sale (POS) Solution Standard

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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.”

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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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Boyd Gaming Corporation

Boyd Gaming Appoints Michael Hartmeier to Board of Directors

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Boyd Gaming Corporation announced the appointment of Michael A. Hartmeier to its Board of Directors.

Hartmeier is the former group head of lodging, gaming, and leisure investment banking for Barclays, and previously served as group head for hospitality and gaming for both Lehman Brothers and Credit Suisse First Boston. During his 25-year career in investment banking, Hartmeier completed more than $125 billion in financing and advisory assignments, including work for numerous gaming companies.

Hartmeier is currently a member of the Board of Directors for DiamondRock Hospitality Company, a self-advised real estate investment trust with a portfolio of premium hotels and resorts nationwide. Hartmeier also previously served as a member of the Board of Directors of Full House Resorts Inc.

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Boyd Gaming Corporation

Boyd Gaming Donates More Than $200,000 to Non-Profits Nationwide in 2023 “Wreaths and Trees of Hope” Competition

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Boyd Gaming Corporation announced that it donated more than $200,000 to nearly 190 non-profit organizations nationwide in its 2023 “Wreaths of Hope” and “Trees of Hope” competition.

A total of 186 non-profits across 11 states participated in the annual holiday competition, with participants decorating wreaths or trees in the spirit of their organization’s mission. Cash prizes were determined by votes from Boyd Gaming customers, who were invited to vote for their favorite charities online and in-person throughout the holiday season. The 2023 national prize pool was the largest in the 16-year history of the contest.

Since Trees of Hope debuted at Delta Downs Racetrack Casino Hotel in 2007, the annual competition has expanded to 26 Boyd Gaming properties nationwide, with Boyd properties participating in Nevada, California, Kansas, Missouri, Illinois, Indiana, Iowa, Ohio, Pennsylvania, Louisiana, and Mississippi. To date, the Company has awarded nearly $1.5 million to non-profit organizations through Wreaths of Hope and Trees of Hope.

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