Boyd 1st Quarter Losses: $6.2 Million
LAS VEGAS (AP) — Boyd Gaming reports its first-quarter loss narrowed thanks to improvements in Las Vegas casinos and excitement in the city’s redeveloping downtown.
The casino operator reported Wednesday that it lost $6.2 million, or 6 cents per share, for the period ending March 31. A year earlier it lost $7.3 million, or 7 cents per share.
Net revenue of $708.3 million fell nearly 4 percent from $735.6 million during a year ago.
Boyd officials say unusually severe weather had a negative impact on its casinos in the Midwest, the South and at Borgata in Atlantic City.
Borgata posted a $3.2 million loss in its online gambling operations, largely because of one-time marketing costs related to launching the program.
Boyd’s stock fell 41 cents, or 3.5 percent, to $11.41 in aftermarket trading.
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