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Boyd 1st Quarter Losses: $6.2 Million

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Getty Images-Boyd-94891383

Getty Images-Boyd-94891383

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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.

 

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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