Boyd Gaming Corporation announces profitability in its first quarter

Las Vegas, Tuesday, 24th April.

Body Gaming Corporation has announced an increase in revenue and profits for the first quarter. This news will come as a relief to stakeholders many of whom were skeptical on the like hood of profits given the continued difficulties facing the Las Vegas gambling industry.

Breakdown of revenue

According to information obtained from the company website, the net revenue for the first quarter of 2012 was $633.1 million. This represented an increase of 12.1% up from $564.9 million in 2011. Adjusted EBITDA rose by 19.1%. The revenue reported includes those of the IP casino Resort Spa that was acquired by the company on October 4th the previous year. The new company on its own reported an increase of revenue in the first quarter of 2012 to $456.9 million this representing an increase of 15.4% for the same period the previous year.

The president and chief officer of the corporation Keith Smith attributed this increase in revenue to the strong performance of the company operations outside the state of Nevada noting that there was a double digit growth in EBITDA in the majority of the property owned by the company owned outside Nevada. Keep posted to our casino news in our website.