Earnings release
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BOYDGAMING Exhibit 99.1 Financial Contact : Josh Hirsberg ( 702 ) 792-7234 joshhirsberg@boydgaming.com Media Contact : David Strow ( 702 ) 792-7386 davidstrow@boydgaming.com BOYD GAMING REPORTS FIRST - QUARTER 2021 RESULTS Company Achieves All - Time Records for Adjusted EBITDAR and Operating Margins ; Net Income Exceeds $ 100 Million LAS VEGAS - APRIL 27 , 2021 - Boyd Gaming Corporation ( NYSE : BYD ) today reported financial results for the first quarter ended March 31 , 2021 . Keith Smith , President and Chief Executive Officer of Boyd Gaming , said : “ This was an exceptional quarter for our Company , as we achieved the strongest EBITDAR and margin performances in our history . As economic conditions improve and COVID vaccinations continue to roll out , we are seeing increased visitation and growing spend - per - visit across every customer segment . Our disciplined operating strategy is producing strong flowthrough on revenue gains , driving significant EBITDAR growth and enhanced margins . We are also making excellent progress on our strategic growth initiatives , including launching our first Stardust - branded online casinos in New Jersey and Pennsylvania , and commencing construction on the Wilton Rancheria Tribe's resort near Sacramento , California . Our strong performance in the first quarter reflects our more focused operating strategy , and the dedication and hard work of every Boyd Gaming team member . ” Boyd Gaming reported first - quarter 2021 revenues of $ 753.3 million , up from $ 680.5 million in the first quarter of 2020. The Company reported net income of $ 102.2 million , or $ 0.90 per share , for the first quarter of 2021 , compared to a net loss of $ 147.6 million , or $ 1.30 per share , for the year - ago period .