Property shopping has done a lot of good things for U.S. regional casino operator Boyd Gaming, especially in terms of revenue.
In regulatory filing on Wednesday, Boyd posted a record net revenue of $2.38 billion in 2017, helped by its newly acquired properties Aliante, Cannery, and Eastside Cannery.
Boyd’s net revenue figure last year was 8.4 percent higher than its 2016 net revenue, which was around $2.18 billion. Its total adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) also grew by 11 percent to a record $595.6 million compared with $536.3 million the company posted in the prior year.
The casino operator also capped 2017 on a high note, with its fourth quarter net revenue rising 6.5 percent to $590.8 million from $554.8 million in the fourth quarter of 2016.