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Jun 30, 2022
Boyd Gaming Q2 2022 Earnings Report
Boyd Gaming reported a strong second quarter, with Adjusted EBITDAR second only to last year's record results, driven by a focus on core customers and sustained efficiencies.
Key Takeaways
Boyd Gaming's second-quarter 2022 revenues increased slightly to $894.5 million. Net income was reported at $146.8 million, or $1.33 per share. Adjusted EBITDAR was $353.9 million, and adjusted earnings were $163.5 million, or $1.48 per share.
Quarterly Adjusted EBITDAR was second only to last year's record results.
Operating trends remain strong, with play from core customer segments growing year-over-year and sequentially from the first quarter of 2022.
Company-wide operating margins improved from the first quarter despite inflationary pressures.
The company is progressing towards completing its acquisition of Pala Interactive and plans to open Sky River Casino in early September 2022.
Forward Guidance
The company anticipates closing on the acquisition of Pala Interactive around year-end and plans to open Sky River Casino near Sacramento, California in early September 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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