Boyd Gaming Announce 16.6% Increase In Reveune For 2013
US casino and gaming operator Boyd Gaming have today announced their fourth quarter accounts, with an increase of 9.1% reported and a overall increase for 2013 reported as 16.6%.
For the fourth quarter of 2013 Boyd Gaming reported revenue of $681.5million which was up from the $624.7million on the previous year. Due to the companies success in the fourth quarter of the year their overall figures for 2013 make for impressive reading with reported revenues now standing at $2.9billion, up from the $2.5billion that was recorded in 2012.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) for the final quarter of the year were up over $30million compared with those of 2012 to now stand at $131.5million. As a result of the fourth quarter increase EBITDA for 2013 rose from $452.1million in 2012 to $610.4million in 2013.
Keith Smith who is the CEO and President of Boyd Gaming had this to say regarding the latest set of figures. He said, “We made great progress executing on our strategic plan in 2013, despite some external headwinds that we faced over the course of the year. Looking ahead, we are taking the right steps to drive efficiencies, grow EBITDA and margins, and maximise long-term shareholder value. We are well-positioned to capitalise on future growth in online gaming across the country. And we continue to pursue opportunities to further expand our pipeline of growth projects.”
Everyone connected with Body Gaming can be rightly pleased with the results from 2013 and there is no reason why 2014 cannot be another successful year.