Eldorado casino boyd gaming11/25/2023 The company has streamlined operating expenses and improved margins in its Midwest, South and Las Vegas segments by cutting costs in areas like marketing, labor and certain amenities, like buffets. Net loss was $108.5 million, or $0.96 per share. Revenue was $209.9 million for the second quarter of 2020, down 75 percent from the same period last year. Smith said the company has seen “significant companywide margin improvement,” even though the company is operating at roughly 50 percent capacity. “Our core customers are not deterred by social distancing measures, limited amenities or masking requirements,” Smith said.ĭespite one-time stimulus checks possibly playing a role in this spending, Smith believes these levels of gaming activity are sustainable. There have been fewer visitors 65 and older, but the number of younger visitors has been up and the company reported “robust” spending per visit in a Tuesday earnings call. hotel-casinos, President and CEO Keith Smith said the visitors who are coming are spending big, and the cost-cutting measures in place to weather the pandemic - like closing buffets - could be here to stay. Baskow/Las Vegas Review-Journal) dampened foot traffic inside Boyd Gaming Corp. Main Street Station, operated by Boyd Gaming Corp., on Saturday, Main Las Vegas.
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