![]() ![]() Net revenue fell 9 percent to $471 million, below analysts’ average forecast of $477.3 million, as sales slipped across the Las Vegas, Midwest and South U.S. analyst David Katz said in a research note. “Bottom-line results in first quarter 2008 were ahead of consensus and in line with our estimate, although several issues in key markets were greater than expected, particularly the Las Vegas locals market,” Oppenheimer & Co. The year-ago quarter was lifted by a one-time $285 million gain from selling the Barbary Coast casino.Įxcluding the write-down and other one-time items, Boyd reported a profit of 34 cents per share, just ahead of Wall Street’s average estimate of 32 cents per share, according to Reuters Estimates. The current quarter was hit by a $84 million charge for writing down the value of its recently acquired Dania Jai-Alai slot parlor and gaming facility in Florida, which it has decided not to develop for the time being. 4520 Poplar Level Road KY 40213 Louisville. Boyd, which is building a new casino resort called Echelon on the Las Vegas Strip, said customers were pulling back on discretionary spending as they face economic hardship, a sign the gambling market, sometimes regarded as “recession proof,” faces a tough year. Derby City Gaming, located near Churchill Downs Racetrack and just minutes from downtown Louisville, offers over 1,300 modern slot machines, including both classic and pr. ![]()
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