Boyd Gaming Corp. reports record cash flow, revenue for Q1

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iNtergame

Las Vegas Sands outperforms Q1 estimates

Chairman and chief executive officer Robert G. Goldstein attributed the strong performance to growth in both Macau and Singapore. "Our financial strength and industry-leading cash flow support our ongoing investment and capital expenditure programs in both Macao and Singapore, our pursuit of growth opportunities in new markets, and our program to…

Industry ・ 7 days

Review Journal

A’s Las Vegas stadium land deal to close in Q4, Red Rock says

Red Rock Resorts Inc. - recently in the spotlight for its surprising deal of a binding agreement to sell nearly 49 acres to the Oakland Athletics - on Thursday dodged specific questions about the transaction, during its first-quarter earnings call. Executives said the agreement with the A's is confidential, but it expects the deal to close in the…

Industry ・ 06 May 2023

Review Journal

Red Rock Resorts says casino revenue ‘stable and healthy’

Red Rock Resorts on Tuesday reported a steady locals casino environment, as it moves forward with developing its long-term growth strategy in the Las Vegas Valley. The parent company of Station Casinos reported its best fourth quarter in history for same-store net revenue and second-best fourth quarter in adjusted cash flow and adjusted cash flow…

Finance ・ 09 February 2023

Review Journal

Caesars Entertainment says Las Vegas market still strong

Caesars Entertainment Inc. improved its third-quarter revenue when compared to the same time a year earlier, according to its earnings report shared Tuesday. For the quarter that ended Sept. 30, Caesars Entertainment reported net income of $52 million, or $0.24 per share, on revenue of $2.89 billion. During the same period last year, it reported a…

Land-based ・ 01 November 2022

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Review Journal

Macao travel restrictions continue to pummel Las Vegas Sands

Travel restrictions in Macao continued to drag on Las Vegas Sands Corp. earnings, but resiliency in Singapore had company officials feeling optimistic as they reported their third quarter results on Wednesday. The company reported a net loss of $239 million, 31 cents a share, on revenue of $1 billion for the quarter that ended Sept. 30. A year…

Travel ・ 21 October 2022

Review Journal

Boyd Gaming revenue slightly up from year-over-year

Boyd Gaming Corp. leadership expressed confidence in the company's operations even in the face of economic uncertainty during an earnings call this week. Officials with the Las Vegas-based operator of three downtown Las Vegas properties as well as other hotel-casinos, said during Tuesday's earnings call that 2022's second quarter was a solid…

Finance ・ 27 July 2022

Review Journal

Weeklong Macao casino shutdown affecting Sands, MGM, Wynn begins

Macao casino resorts closed their doors Monday as a weeklong government-ordered shutdown began in the region, taking a toll on properties including several operated by three Las Vegas-based companies. Because of elevated COVID-19 case numbers, Macao Secretary for Administration and Justice Andrew Cheong Weng Chun on Saturday ordered a closure of…

Covid ・ 11 July 2022

The Nevada Independent

Indy Gaming: ‘Economic challenges’ keeping five Clark County casinos closed into 2023

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Five Southern Nevada casinos that never…

Lottery ・ 08 June 2022

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Review Journal

IGT capitalizes on strong casino demand in first-quarter earnings report

Strong casino play has prompted operators to upgrade their slot machines, a boon to gaming equipment behemoth IGT. The London-based company with a heavy presence in Nevada reported narrowing net income despite a 3.5 percent increase in revenue in the first quarter of 2022. IGT executives attributed the decline to omicron variant-produced downturns…

Finance ・ 10 May 2022

Yogonet

Golden Entertainment reports revenue up 14% in record Q1; no signs of slowdown in Q2

Nevada-based gaming company Golden Entertainment announced Thursday its results for the first quarter of 2022, having registered a revenue of $273.6 million, which represents a 14% rise from the same period in 2021. Net income for the first quarter was $36.1 million, while Adjusted EBITDA was $67.3 million, the latter showing an increase of 13%…

Finance ・ 09 May 2022

Yogonet

Boyd's CEO eyeing national online expansion; says Nevada iGaming legalization could take up to a decade

Boyd Gaming's Q1 earnings conference call in April, the company's CEO, Keith Smith, predicted it could take up to eight more years for Nevada to legalize online casino gaming. However, he made it clear that he believes the activity will expand beyond the six states that currently offer real-money internet versions of slot machines and table games…

Industry ・ 06 May 2022

Yogonet

Boyd to expand Fremont Las Vegas casino floor, upgrade dining offerings following record Q1 results

Boyd Gaming's Fremont Hotel & Casino in downtown Las Vegas is expanding its casino floor and replacing its former buffet with a new dining hall concept. Executives for the company made the announcement during a call with investors held on Tuesday, in which the company also reported record first-quarter revenues. The new dining hall is set to…

Land-based ・ 02 May 2022

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Stock News

BYD: 2 Best Casino Stocks to Buy Right Now

The easing of restrictions on in-person casino visits due to success on the COVID-19 immunization front and growing interest in internet casinos have been fueling the industry's growth. According to the American Gaming Association's (AGA) Commercial Gaming Revenue Tracker, 2022 started with strong commercial gaming revenue in the United States,…

Finance ・ 19 April 2022

Review Journal

Las Vegas gaming equipment manufacturer PlayAGS narrows losses in fourth quarter

PlayAGS Inc. is hoping to build on the successful conclusion of 2021 and its narrowing of losses, the company's top executive said Thursday. "If 2020 was the year of resiliency within our business, 2021 was the year of transition," said PlayAGS President and CEO David Lopez. "Supported by the foundational changes put into place over the preceding…

Finance ・ 11 March 2022

Review Journal

Station Casinos’ planned Durango property has price tag: $750M

Executives of Station Casinos have no plans to sell the three casinos they own that remain closed, and they now have a price tag for their planned resort at Durango Drive - $750 million. Station's parent company, Red Rock Resorts, reported solid third-quarter earnings Tuesday afternoon. Chairman and CEO Frank Fertitta III said the company…

Travel ・ 03 November 2021

Yogonet

Boyd's Las Vegas locals casino margins set all-time record at 57% in Q2

oyd Gaming on Tuesday reported second-quarter 2021 revenues of $893.6 million, up from $209.9 million in the same period of 2020. The company reported net income of $113.7 million, or $1.00 per share, compared to a net loss of $108.5 million for the year-ago period. During the second quarter of 2021, all three operating segments set all-time…

Covid ・ 28 July 2021

Review Journal

Revenue rebounds, losses narrow for Las Vegas Sands Corp.

Las Vegas Sands Corp. has begun riding the rebound from the coronavirus pandemic, reporting improved second quarter revenue and narrowed losses on Wednesday. The company reported second quarter net loss of $139 million, 30 cents per share, on revenue of $1.173 billion in the quarter that ended June 30. That compares with a net loss of $757 million,…

Finance ・ 21 July 2021

Investor Place

3 Casino Stocks to Watch As Land-Based Gambling Declines

Casino stocks have had a tough 2020 due to declining revenue, at least for traditional casino stocks with physical locations and no online games. Still, something unorthodox happened to some casino stocks: soaring stock prices in the face of declining revenues. Are casino stocks now a safe bet on the global economic reopening and the return to…

Finance ・ 20 May 2021

Review Journal

Tropicana Las Vegas owner reports solid first-quarter results

The 48 resort properties owned by Wyomissing, Pennsylvania-based Gaming and Leisure Properties Inc. are open and by next year more properties will be in the mix. Executives with GLPI, a gaming-focused real-estate investment trust affiliated with Penn National Gaming that is expected to become the new owner of the Tropicana on the Las Vegas Strip,…

Travel ・ 07 May 2021

Review Journal

Reno-based Monarch Casinos reports record first-quarter earnings

The company that operates Reno's Atlantis resort reported record net income and cash flow for the quarter that ended March 31. The company benefited from the phased opening of its Monarch Casino Resorts Spa Black Hawk in Black Hawk, Colorado, in the fourth quarter of 2020. "We continued market share growth at both of our Reno and Black Hawk…

Travel ・ 07 May 2021

The Nevada Independent

Indy Gaming: Boyd has no interest in selling downtown, locals casinos to REITs

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Boyd Gaming had a simple message to real…

Industry ・ 09 February 2023