{"id":70833,"date":"2018-02-21T16:00:41","date_gmt":"2018-02-22T00:00:41","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=70833"},"modified":"2019-04-26T10:35:53","modified_gmt":"2019-04-26T17:35:53","slug":"boyd-gaming-posts-record-2017-revenues-but-shares-plunge-on-q4-profits","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/boyd-gaming-posts-record-2017-revenues-but-shares-plunge-on-q4-profits\/","title":{"rendered":"Boyd Gaming Posts Record 2017 Revenues But Shares Plunge on Q4 Profits"},"content":{"rendered":"

Despite posting record revenues of $2.38 billion for 2017 on Tuesday, Boyd Gaming stock had slipped 5.7 percent by the end of trading that day. Investors, it seems, are a tough bunch to please \u2013 as are analysts.<\/p>\n

\"Boyd
Boyd Gaming CEO Keith Smith said 2017 had been an exceptional year for the company but its disappointing adjusted earnings for Q4 had investors rattled. This, combined with a cautious outlook for 2018, saw share prices slip. (Image: YouTube)<\/figcaption><\/figure>\n

The dip occurred because adjusted Q4 earnings came in lower than analysts\u2019 expectations. Meanwhile, the company\u2019s own projected earnings for 2018 also fell short of independent predictions.<\/p>\n

Boyd said it generated record Q4 net revenues of $590.8 million, an increase of 6.5 percent from the corresponding period of 2016. Q4 operational income, net of tax, was $82.2 million a huge increase from the $10.7 million reported in Q4 2016.<\/p>\n

But Q4 adjusted earnings dropped 42 percent year-on-year during the fourth quarter of 2017. That’s from a Q4 2016 high of $44.3 million to $25.6 million.<\/p>\n

Boyd Gaming Cautious for 2018<\/strong><\/h2>\n

Nevertheless, Boyd CEO Keith Smith praised 2017 as an \u201cexceptional year\u201d in which the company created \u201csignificant growth\u201d for its shareholders.<\/p>\n

Our Nevada operations continued their long-term growth trajectory, with our 11th consecutive quarter of same-store Adjusted EBITDA gains in our Las Vegas Locals segment,\u201d he said.<\/p>\n

\u201cOur regional operations showed further improvement, as our Midwest and South segment posted its best performance of the year. And we laid the groundwork for future growth, reaching agreements in December to acquire five properties in the Midwest and Northeast,\u201d he added.<\/strong><\/p>\n

Boyd based its cautious outlook for 2018 on the particularly cold winter and new competition in the Midwest and South. These factors are expected to offset strong profits in Las Vegas, where it vies with Red Rock Resorts for dominance of the locals\u2019 market.<\/p>\n

New Acquisitions Bearing Up<\/strong><\/h2>\n

The company\u2019s late-2016 Vegas acquisitions of the Cannery and Eastside Cannery, as well as the Aliante, helped to contribute to 2017\u2019s record revenues, Boyd said.<\/p>\n

\u201cDuring the fourth quarter, Cannery and Eastside Cannery<\/a> each continued to grow adjusted EBITDA at a double-digit pace over their 2016 standalone results.\u00a0 Results at these properties reflect the realization of synergies, marketing and operational enhancements, and a growing regional economy.\u201d<\/p>\n

Boyd also noted it had \u201claid the groundwork for future growth,\u201d through December deals to acquire five properties in the Midwest and Northeast, including four Penn National casinos and the Valley Forge Casino Resort<\/a> in Pennsylvania.<\/p>\n

The latter acquisition will allow Boyd to enter Pennsylvania\u2019s impending online gaming market, should it choose to do so.<\/p>\n","protected":false},"excerpt":{"rendered":"

Despite posting record revenues of $2.38 billion for 2017 on Tuesday, Boyd Gaming stock had slipped 5.7 percent by the end of trading that day. Investors, it seems, are a tough bunch to please \u2013 as are analysts. The dip occurred because adjusted Q4 earnings came in lower than analysts\u2019 expectations. Meanwhile, the company\u2019s own […]<\/p>\n","protected":false},"author":42,"featured_media":70836,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\nBoyd Gaming Posts Record 2017 Revenues But Shares Plunge<\/title>\n<meta name=\"description\" content=\"Boyd adds Cannery Casino in North Vegas and the Eastside Cannery Casino, as well as Aliante, to its portfolio as locals market booms.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Boyd Gaming Posts Record 2017 Revenues But Shares Plunge\" \/>\n<meta property=\"og:description\" content=\"Boyd adds Cannery Casino in North Vegas and the Eastside Cannery Casino, as well as Aliante, to its portfolio as locals market booms.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/boyd-gaming-posts-record-2017-revenues-but-shares-plunge-on-q4-profits\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-22T00:00:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-04-26T17:35:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/02\/KEV.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"553\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/boyd-gaming-posts-record-2017-revenues-but-shares-plunge-on-q4-profits\/\",\"url\":\"https:\/\/www.casino.org\/news\/boyd-gaming-posts-record-2017-revenues-but-shares-plunge-on-q4-profits\/\",\"name\":\"Boyd Gaming Posts Record 2017 Revenues But Shares Plunge\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/boyd-gaming-posts-record-2017-revenues-but-shares-plunge-on-q4-profits\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/boyd-gaming-posts-record-2017-revenues-but-shares-plunge-on-q4-profits\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/02\/KEV.png\",\"datePublished\":\"2018-02-22T00:00:41+00:00\",\"dateModified\":\"2019-04-26T17:35:53+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"Boyd adds Cannery Casino in North Vegas and the Eastside Cannery Casino, as well as Aliante, to its portfolio as locals market booms.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/boyd-gaming-posts-record-2017-revenues-but-shares-plunge-on-q4-profits\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/boyd-gaming-posts-record-2017-revenues-but-shares-plunge-on-q4-profits\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/boyd-gaming-posts-record-2017-revenues-but-shares-plunge-on-q4-profits\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/02\/KEV.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/02\/KEV.png\",\"width\":1000,\"height\":553,\"caption\":\"Caption 1: Boyd Gaming CEO Kevin Smith said 2017 had been an exceptional year for the company but its disappointing adjusted earnings for Q4 had investors rattled. (Image: YouTube)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/boyd-gaming-posts-record-2017-revenues-but-shares-plunge-on-q4-profits\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Financial\",\"item\":\"https:\/\/www.casino.org\/news\/financial\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Boyd Gaming Posts Record 2017 Revenues But Shares Plunge on Q4 Profits\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\",\"name\":\"Casino.org Staff Writer\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0853bd574da5b217483afb1fbbee33a5?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0853bd574da5b217483afb1fbbee33a5?s=96&d=mm&r=g\",\"caption\":\"Casino.org Staff Writer\"},\"url\":\"https:\/\/www.casino.org\/news\/author\/corg-staff-writer\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Boyd Gaming Posts Record 2017 Revenues But Shares Plunge","description":"Boyd adds Cannery Casino in North Vegas and the Eastside Cannery Casino, as well as Aliante, to its portfolio as locals market booms.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Boyd Gaming Posts Record 2017 Revenues But Shares Plunge","og_description":"Boyd adds Cannery Casino in North Vegas and the Eastside Cannery Casino, as well as Aliante, to its portfolio as locals market booms.","og_url":"https:\/\/www.casino.org\/news\/boyd-gaming-posts-record-2017-revenues-but-shares-plunge-on-q4-profits\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2018-02-22T00:00:41+00:00","article_modified_time":"2019-04-26T17:35:53+00:00","og_image":[{"width":1000,"height":553,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/02\/KEV.png","type":"image\/png"}],"author":"Casino.org Staff Writer","twitter_card":"summary_large_image","twitter_creator":"@Casino_Org","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Casino.org Staff Writer","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/boyd-gaming-posts-record-2017-revenues-but-shares-plunge-on-q4-profits\/","url":"https:\/\/www.casino.org\/news\/boyd-gaming-posts-record-2017-revenues-but-shares-plunge-on-q4-profits\/","name":"Boyd Gaming Posts Record 2017 Revenues But Shares Plunge","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/boyd-gaming-posts-record-2017-revenues-but-shares-plunge-on-q4-profits\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/boyd-gaming-posts-record-2017-revenues-but-shares-plunge-on-q4-profits\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/02\/KEV.png","datePublished":"2018-02-22T00:00:41+00:00","dateModified":"2019-04-26T17:35:53+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77"},"description":"Boyd adds Cannery Casino in North Vegas and the Eastside Cannery Casino, as well as Aliante, to its portfolio as locals market booms.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/boyd-gaming-posts-record-2017-revenues-but-shares-plunge-on-q4-profits\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/boyd-gaming-posts-record-2017-revenues-but-shares-plunge-on-q4-profits\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/boyd-gaming-posts-record-2017-revenues-but-shares-plunge-on-q4-profits\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/02\/KEV.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/02\/KEV.png","width":1000,"height":553,"caption":"Caption 1: Boyd Gaming CEO Kevin Smith said 2017 had been an exceptional year for the company but its disappointing adjusted earnings for Q4 had investors rattled. (Image: YouTube)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/boyd-gaming-posts-record-2017-revenues-but-shares-plunge-on-q4-profits\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Financial","item":"https:\/\/www.casino.org\/news\/financial\/"},{"@type":"ListItem","position":3,"name":"Boyd Gaming Posts Record 2017 Revenues But Shares Plunge on Q4 Profits"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77","name":"Casino.org Staff Writer","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0853bd574da5b217483afb1fbbee33a5?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0853bd574da5b217483afb1fbbee33a5?s=96&d=mm&r=g","caption":"Casino.org Staff Writer"},"url":"https:\/\/www.casino.org\/news\/author\/corg-staff-writer\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/70833"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/42"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=70833"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/70833\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/70836"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=70833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=70833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=70833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}