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The Las Vegas-based company Boyd Gaming released financial data for the second quarter of 2018. The casino operator posted revenue of $616.8 million in the period a 2.1 per cent climb in revenues. Five analysts surveyed by Zacks expected $603.7 million.
Income from continuing operations, net of tax, for the second quarter was $38.6 million, or $0.34 per share, compared to $27.7 million, or $0.24 per share, for the prior-year second quarter. The Company reported net income, including discontinued operations, of $38.9 million, or $0.34 per share, for the second quarter of 2018, compared to $48.7 million, or $0.42 per share, for the year-ago period.
“We delivered revenue and adjusted EBITDA growth across every segment of our business, as companywide operating margins reached record levels. We continued to make steady progress toward completing the acquisition of five new properties in the Midwest and Northeast. We further diversified our business by purchasing a distributed gaming operation in Illinois, and are actively preparing to participate in expanded sports betting across the US”, – said in a statement Keith Smith, president and CEO of Boyd Gaming.
