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 margin improvement, driven by higher revenues and more efficient operations. We continued to make progress enhancing non-gaming amenities across our portfolio, allowing us to further capitalize on growing customer demand in this area.
