Boyd swings to 2020 loss as revenue drops 34.5%
| By Daniel O'Boyle
Boyd Gaming Corporation saw revenue decline 34.5% year-on-year in 2020, as the fourth-quarter recovery of regional casinos wasn’t enough to prevent the operator slipping to a $134.7m loss.
While gaming continued to make up the vast majority of Boyd’s revenue, this was down 28.5% to $1.78bn.
Food and beverages brought in $178.8m, down 60.0%, while room revenue dropped 55.8% to $105.0m and other revenue was down 24.4% at $119.3m.
Almost three quarters of revenue came from casinos in the Midwest and South regions, which brought in $1.52bn, down 30.5%. Las Vegas local casinos saw revenue decline 36.2% to $94.5m.
Boyd’s casinos in downtown Las Vegas were hit hardest, with revenue down 63.3%