Midwest and South, as its Blue Chip casino in Michigan City, Indiana, suffered from new competition.Īt the same time, profit from Borgata in Atlantic City, New Jersey, a joint venture with MGM Mirage, was essentially flat as it faces competition from video lottery terminals added in nearby Pennsylvania and New York.īoyd's earnings at its casinos catering to Las Vegas locals rose 3.3 percent as the company overcame a 1.5 percent dip in revenue. Revenue fell 8.1 percent to $478.6 million, Boyd said.Ĭhief Executive Keith Smith said Boyd experienced 'some softness or weaknesses in the business' in late November through January, but said trends improved in February and the company is 'cautiously optimistic' for the current quarter.įourth-quarter earnings at its downtown Las Vegas properties, aimed at tourists, posted a 13.8 percent drop in profits while profits fell 13.2 percent at Boyd's casinos in the U.S.
