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 SECOND - QUARTER 2021 RESULTS Strong Operating Momentum Continues with All - Time Records for Companywide Adjusted EBITDAR and Operating Margins ; Net Income Reaches $ 113.7 Million LAS VEGAS - JULY 27 , 2021 - Boyd Gaming Corporation ( NYSE : BYD ) today reported financial results for the second quarter ended June 30 , 2021 . Keith Smith , President and Chief Executive Officer of Boyd Gaming , said : “ Our second - quarter results reflect the strength of our operating strategy as our streamlined cost structure , enhanced capabilities and focus on our core customers all continue to drive strong results throughout our portfolio . We achieved record results for Adjusted EBITDAR and operating margins , with Companywide margins exceeding 43 % and Las Vegas Locals margins approaching 57 % . During the quarter our business continued to strengthen , as gaming revenues surpassed 2019 levels . We are encouraged that the strength from the first half of the year has carried into July , and are confident in our ability to continue delivering robust levels of EBITDAR and margin performance . These outstanding results are a tribute to the hard work of the entire Boyd Gaming team and their shared dedication to our transformed operating model , which will continue to create long - term value for our stakeholders . ” Boyd Gaming reported second - quarter 2021 revenues of $ 893.6 million , up from $ 209.9 million in the second quarter of 2020. The Company reported net income of $ 113.7 million , or $ 1.00 per share , for the second quarter of 2021 , compared to a net loss of $ 108.5 million , or $ 0.96 per share , for the year - ago period .