Sky River Casino Helps Boyd Gaming Exceed Expectations In Q2

Written By Dan Holmes on August 4, 2023
Boyd Gaming exceeds expectations in its Q2 earnings report thanks in part to the company's California connections, from

Boyd Gaming Corporation has announced its Q2 earnings, and the numbers exceeded expectations.

The company reported $916.9 million in revenue and earnings per share of $1.58 for Q2 2023.

Boyd Gaming has a strong California connection, as it operates the Sky River Casino in the Sacramento area for the Wilton Rancheria Tribe.

California ties helping Boyd’s success

According to the company, in the second quarter of 2023, Boyd Gaming had a return on equity of 43.15%, and a net margin of 18.48%. The company trades on the New York Stock Exchange as BYD.

Last August, Boyd helped the Wilton Rancheria Tribe open its new casino in Elk Grove, nearby Sacramento, ahead of schedule. The casino features 100,000 square feet of gaming space, with 2,000 slot machines and 80 table games.

Future development to Sky River Casino could be in store down the road, as Boyd owns another piece of land adjacent to the existing property.

The Wilton Rancheria Tribe is one of 50 California tribes belonging to the California Nations Indian Gaming Association. The CNIGA is a non-profit organization made up of federally recognized tribal governments that is dedicated to defending Indian gaming on federally recognized Indian territories.

Also in 2022, Boyd Gaming paid $170 million for a gaming company owned by The Pala Band of Mission Indians. That asset, called Pala Interactive Gaming Tech, had produced hundreds of gaming titles for online casino apps in other states and Canada. With the purchase, Boyd Gaming diversified its holdings in the industry.

About Boyd Gaming

Boyd Gaming owns gaming properties in Nevada, Louisiana, Missouri, Iowa, Indiana, Kansas, Illinois, Pennsylvania and Mississippi. That roster includes three downtown casinos in Las Vegas: California Hotel and Casino, Fremont Hotel and Casino, and Main Street Station.

According to its 2022 annual report, Boyd Gaming Boyd owns 28 properties with a total of 10,751 hotel rooms and 1,694,482 square feet of casino space. Those properties have a combined total of more than 31,000 slot machines and 650 table games. Total revenue for the company in 2022 was $3.1 billion.

The company was founded by Sam Boyd with one of his sons in the 1960s. Originally, the first family-owned gaming venues were Sam’s Town Hotel and Gambling Hall and Sam’s Town Las Vegas.

In 1994, the Boyd’s first opened a casino outside Nevada, settling in Mississippi. Today, the oldest son, Bill, is executive chairman after decades spent as the CEO of Boyd Gaming.

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Dan Holmes

Dan Holmes is a contributor for PlayCA with plenty of experience under his belt. Dan has written three books about sports and previously worked for the National Baseball Hall of Fame and Major League Baseball. He also has extensive experience covering the launch of sports betting in other states, including Ohio, Massachusetts and Maryland. Currently, Dan is residing in Michigan with his family.

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