{"id":43,"date":"2024-06-12T05:34:31","date_gmt":"2024-06-12T02:34:31","guid":{"rendered":"https:\/\/trueffortunecasinonodepositbonus.icu\/2024\/06\/12\/boyd-gaming-reports-strong-q4-and-full-year-2023-results-despite-impairment-charges\/"},"modified":"2024-06-13T12:14:25","modified_gmt":"2024-06-13T09:14:25","slug":"boyd-gaming-reports-strong-q4-and-full-year-2023-results-despite-impairment-charges","status":"publish","type":"post","link":"https:\/\/trueffortunecasinonodepositbonus.icu\/2024\/06\/12\/boyd-gaming-reports-strong-q4-and-full-year-2023-results-despite-impairment-charges\/","title":{"rendered":"Boyd Gaming Reports Strong Q4 and Full Year 2023 Results Despite Impairment Charges"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/QeUwCyFB1As\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>A major gaming and entertainment corporation, Boyd Gaming, recently released its fiscal report for the final quarter and complete year concluding on December 31, 2023.  While experiencing an impact from non-cash impairment expenses, the organization witnessed revenue expansion driven by growth in both its primary casino enterprises and its digital gaming division.  &#8220;Our robust fourth quarter concluded a banner year for Boyd Gaming,&#8221; remarked Keith Smith, President and CEO of Boyd Gaming.  &#8220;Our varied holdings, steady core patron patterns, and the advantages of recent property expenditures all factored into our expansion in both the fourth quarter and the entirety of 2023.&#8221;<\/p>\n<p>During the fourth quarter, Boyd Gaming achieved $954.4 million in revenue, a 3.4% rise compared to the corresponding period in the previous year.  However, net earnings for the quarter reached $92.6 million, or $0.94 per share, a decline of approximately 46.4% year-over-year.  It&#8217;s crucial to recognize that a non-cash pre-tax goodwill and intangible asset impairment expense of roughly $103.3 million influenced the fourth-quarter outcomes.<\/p>\n<p>Examining the full year, Boyd Gaming produced $3.7 billion in revenue, a 3.7% surge compared to 2022.  Net earnings for the year settled at $620 million, or $6.12 per share.  Comparable to the fourth quarter, full-year outcomes were similarly affected by non-cash pre-tax goodwill and intangible asset impairment expenses. <\/p>\n<p>Boyd Gaming experienced a robust final quarter, marked by consistent income and adjusted EBITDAR within their Las Vegas market. The downtown area of Vegas witnessed revenue expand by nearly 1.4%, while their Midwest and Southern divisions resumed positive trajectory with minor gains in both revenue and adjusted EBITDAR.<\/p>\n<p>Their digital platform is also gaining momentum, particularly following the initiation of sports wagering in Ohio this past January.<\/p>\n<p>The corporation persists in delivering shareholder value, distributing a $0.16 per share dividend in January. Additionally, they repurchased a substantial $100 million of their own shares during the fourth quarter, leaving $326 million remaining in their buyback initiative.<\/p>\n<p>From a financial standpoint, Boyd Gaming is on solid footing. As of December 31st, 2023, their cash reserves stood at $3.04 billion against a debt of $2.9 billion.<\/p>\n<p>In separate developments, Boyd Gaming recently declared positive Q3 2023 outcomes, with revenue reaching $9.03 billion, representing a 2.7% year-over-year increase. Although earnings dipped slightly compared to the preceding year, they still recorded a respectable $135.2 million, or $1.34 per share.<\/p>\n<p>Showcasing their dedication to social responsibility, Boyd Gaming commenced 2024 by contributing over $2 million to almost 190 charitable entities spanning 11 states. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A major gaming and entertainment corporation, Boyd Gaming, recently released its fiscal report for the&#8230;<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Boyd Gaming Reports Record Revenue in 2023<\/title>\n<meta name=\"description\" content=\"Boyd Gaming finished 2023 strong with record revenue growth! 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