Boyd Gaming $1.6m online gambling profit, CEO says daily fantasy sports = gambling

Casino operator Boyd Gaming posted a $1.6m profit from its online gambling operation in New Jersey during the second quarter of 2015.

Boyd says its online gambling partnership with Bwin.party digital entertainment turned a profit for the fourth consecutive quarter, contributing $1.6m to Boyd’s Q2 earnings. That’s $500k more than Q1’s tally but less than the $1.8m the online division contributed in Q4 2014.

Boyd is 50% owner of Atlantic City’s Borgata casino, which is the undisputed leader in New Jersey’s regulated online gambling market. In February, Boyd CEO Kevin Smith (pictured) predicted that the company’s online gambling operations could contribute up to $5m to Boyd’s bottom line in 2015. Halfway through the year, they’re already at $2.7m, so that projection looks like a winner.

DAILY FANTASY SPORTS “IS GAMBLING AT ITS CORE”