Boyd Gaming's Long-Term Play in Online Gambling Pays Off
Date: 2023-10-25 Author: Dima Zakharov Categories: EVENTS, PAYMENT SOLUTIONS
Boyd Gaming Q3: Online Drives Revenue Growth
In its Q3 results, Boyd Gaming reported an overall revenue increase of 3.0%, reaching $903.2 million. While gaming remains a primary source of revenue, online activities have emerged as a standout performer, with a 72.3% increase in revenue to $90.3 million. This surge in online revenue more than compensated for the decline in gaming revenue.
Q3 Costs Increase as Online Spending Rises
With the growth of the online segment, Boyd Gaming also witnessed an increase in costs and expenses. Total costs for the entire Boyd business rose by 7.1% to $685.3 million. Notably, online costs surged by 73.4% to $79.4 million, reflecting the company's commitment to expanding its online presence.
Year-to-Date Revenue and Net Profit Rise at Boyd
Boyd Gaming's year-to-date performance is impressive, with revenue in the nine months leading up to the end of September increasing by 5.8% to $2.78 billion. Gaming revenue stood at $1.97 billion, and online activities contributed $298.2 million to the company's earnings.
