No Change to Boyd Gaming (BYD) Thesis Following Q1 Results
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Boyd Gaming Reports First-Quarter 2015 Results
April 30, 2015 4:05 PM EDTLAS VEGAS, April 30, 2015 /PRNewswire/ -- Boyd Gaming Corporation (NYSE: BYD) today reported financial results for the first quarter ended March 31, 2015. Â
Boyd Gaming reported first-quarter 2015 net revenues of $550.6 million, an increase of 1.8% compared to pro forma net revenues of $541.1 million for the same quarter in 2014. Total Adjusted EBITDA(1) was $149.2 million, up 11.1% from the comparable pro forma amount of $134.2 million for the year-ago period. Effective September 30, 2014, the Company deconsolidated Borgata and is accounting for its 50% investment in Borgata by... More
