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Tag Archives: locals market

US – Boyd Gaming reports 17 per cent loss in revenue for first quarter

Boyd Gaming is hoping ‘pent-up demand’ among its customers will see it bounce back from a net loss of $18.3m for the first quarter of 2020, compared to net income of $45.5m for the year-ago period. Keith Smith, President and Chief Executive Officer of Boyd Gaming, said: “People are at home. People are needing to…

US – Station ready to unveil revamped Palace

Palace Station, the original locals’ casino in Las Vegas, is nearly ready to pull back the curtains on its $192m renovation, which has seen Station Casinos overhaul and enhance its flagship property. This includes a 220,000-square-foot expansion with a new gaming area with 500 additional slot machines, a renovated sports book, sports bar and an…

Vietnam – Vietnam’s ‘locals trial’ to start in December

The trial for locals to play in casinos in Vietnam will begin at the start of December, according to a circular issued by Vietnam’s Ministry of Finance, however there has been no confirmation of which casinos will partake in the trial. The information outlines that December 1 will be the official start date for the…

US – Locals market continues to grow but Boyd misses estimates

Having offloaded Borgata in Atlantic City to focus on the Las Vegas locals market, Boyd Gaming’s second quarter results dipped with revenues of $544.9m, compared to $559.9m in the year-ago quarter. The total missed the consensus estimate of $558.66m but still came with some positives. The Las Vegas locals market generated $154.9m, an increase of…

US – IPO questioned as Station celebrates ten quarters of growth

Locals operator Station Casinos posted strong results in its third quarter ended September 30, 2015, but is facing a legal challenge from a Las Vegas workers union regarding its intended Initial Public Offering. Station Casinos posted 4.5 per cent growth in net revenues and 14 per cent growth in Adjusted EBITDAM for the third quarter,…

US – Isle of Capri turns profit after strong fourth quarter

Local US casino operator Isle of Capri Casinos reported fourth-quarter net income of $3.1m, beating analysts’ predictions, having recorded a loss in the same period a year earlier. The casino operator posted revenue of $285.7m for the quarter, surpassing forecasts of $266.8m. For the year, the company saw net income of $5.2m and revenue of…

US – Isle of Capri on the up in third quarter

The locals market in North America could be bouncing back with Isle of Capri reporting net revenues for the third quarter up 7.5 per cent, to $241.1m, compared to $224.2m in the prior year quarter. Virginia McDowell, the company’s president and chief executive officer, said: “Over the past 18 months, we implemented comprehensive operational changes…

US – Station reports best first quarter since 2009

Locals operator Station Casinos has recorded its best first quarter since 2009, turning around a net loss from the previous year and growing its revenue by six per cent. Station reported net revenue for the quarter ending March 31 of US$329.3m, representing an increase of 5.6 per cent. Income reached US$15.3m compared to a net…

US – Station sees locals revenue increase by 4.5 per cent

Las Vegas locals casino operator Station Casinos reported a profit in the second quarter with net revenue increasing by 4.5 per cent on a year-over-year basis to US$ 312.2m. The company earned a profit of US$ 7.5m in the second quarter ended June 30 although it is difficult to compare profit from the same period…