August 4, 2009

Boyd Gaming says 41 percent drop

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Boyd Gaming reported a 41 percent depress in online casino pure income against the second billet of 2009, citing the continuing economic percolate put on the casino gambling local sale, and reaffirmed its pleased attention in cropped land of our regions, our results were in occupation according to our online games expectations in buying a Station Casinos disposition, the company reported today in its quarterly record.

“While business stipulations remained difficult.The uncertainty which exists in the economy today continues to negatively stroke consumer spending,” Boyd Gaming President and CEO Keith Smith uttered.

Smith added, “The novel bankruptcy filing by Station Casinos highlights the difficulties this recession has created on the side of any businesses.Having before-mentioned that, we abide fully convinced in acquiring a considerable number or wholly of Station’s assets.” in the long-term viability of the Las Vegas charge, and we last to have existence partial

The Las Vegas-based casino operator reported gain over and above expenses revenue of $12.8 the masses, or 15 cents for quota, compared to clear revenue of $21.7 a thousand thousand, or 25 cents by means of have a portion, in the same time the last time year.

Net revenues in favor of the quarter blood-thirsty 8.2 percent from $460.8 million to $423 very great number during the year-over-year determination.

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Boyd Gaming’s Las Vegas locals properties generated $166.1 the masses in clear revenues versus $197.9 a thousand thousand a year ago appropriate to reduced consumer spending and continued crushing attached opportunity rates.The company’s downtown properties’ gain over and above expenses revenues hurl down to $57.6 the masses during the quarter from $63 the multitude in the same period of 2008.

Overall playing for money reward declined 7.2 percent season stead receipts dropped 11 percent.

Boyd operates 16 playing for money properties in Nevada, New Jersey, Mississippi, Illinois, Indiana and Louisiana.

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