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Boyd posts Q1 net income of $35.1m

1st May 2015 8:19 am GMT

US casino operator Boyd Gaming has reported first quarter revenue growth of 1.8 per cent to $550.6m, with its $6.2m net loss of Q1 2014 swinging to a $35.1m profit this year, primarily as a result of an IRS tax settlement.

The results include a 50 per cent contribution from Borgata, which was deconsolidated in September 2014.

Keith Smith, president and chief executive of Boyd Gaming, commented: "In the first quarter, we delivered broad-based EBITDA growth and [...]

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