Boyd Gaming Sees Revenues of $860.7M for Q1, a Rise of 14.3% in 2022
In a recent statement, Boyd Gaming has reported strong revenue figures of $860.7 million for the first quarter of 2022.
These good sales revenue figures count for a 14.3% rise, year on year, from $753.3 million in Q1 of 2021. The Total Adjusted EBITDAR was $338.8 million in the first quarter of 2022, which translates to an increase of 15.8% from $292.6 million in the first quarter of 2021.
These results come after Boyd Gaming’s recent announcement that it was to buy Pala Interactive with a view to increasing its online presence.
In the first quarter of 2022, our disciplined approach to managing the business and strategic focus on our core customer once again produced exceptional results. During the quarter, strong performance from our core customers and sustained efficiencies in our marketing and operations contributed to record revenue, EBITDAR and margin performances on a Companywide basis. Additionally, we took an important step in advancing our online gaming strategy with our agreement in March to acquire Pala Interactive, which will provide us the technology and expertise to build a leading regional online casino gaming operation. […] In all, the first quarter was an excellent start to 2022, as our proven operating strategy and experienced team continue to create long-term value for our shareholders
Comments at Boyd Gaming were that January had been a slow start due to the omicron variant of Covid, but that business was now getting back to normal.