Borgata Online Gaming Revenue Grows 15% In January
? Borgata/partypoker Network Maintains Market Lead with 41% Share ?
? Borgata Generates $2.7 Million of Online Revenues, 29% Share ?
LAS VEGAS, Feb. 12, 2014 /PRNewswire/ -- Boyd Gaming Corporation (NYSE: BYD) today announced the following results from Borgata's online gaming operations in the month of January 2014.
Combined, Borgata and partypoker generated $3.9 million in online gaming revenue, giving the network a market-leading 41% total share of New Jersey's online gaming business. Borgata accounted for $2.7 million in revenue, a 15% increase over December 2013.
Keith Smith, President and Chief Executive Officer of Boyd Gaming, said:
"Our market-leading performance is testament to the quality of our online product and the power of the Borgata brand. These results also once again demonstrate online gaming's potential to expand our business. About 85 percent of our online players have not had rated play at Borgata in at least two years, showing there is little overlap with our land-based business. Online gaming is growing our database, creating a long-term opportunity to market Borgata to an entirely new group of customers."
Tom Ballance, President and Chief Operating Officer of Borgata, said:
"As we continue to refine our technology, we believe there is significant upside to our business. In January, Borgata launched a mobile gaming app for iPhones and iPads, and we are scheduled to roll out a version for Android devices shortly. As Borgata expands into mobile gaming, we believe we will further grow our business and the overall market."
About Boyd Gaming
Headquartered in Las Vegas, Boyd Gaming Corporation (NYSE: BYD) is a leading diversified owner and operator of 22 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi and New Jersey. Boyd Gaming press releases are available at www.prnewswire.com. Additional news and information on Boyd Gaming can be found at www.boydgaming.com.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements contain words such as "may," "will," "might," "expect," "believe," "anticipate," "could," "would," "estimate," "continue," "pursue," or the negative thereof or comparable terminology, and may include (without limitation) information regarding the Company's expectations, goals or intentions regarding future performance. In addition, forward-looking statements in this press release include statements regarding: expectations regarding the quality of Borgata's online product, the potential for online gaming to expand the Company's business, the long-term opportunity to market Borgata's land-based business to an entirely new group of customers, that there is a significant upside to the business, Borgata's expansion into the mobile gaming business and the potential to reach new customers, the continuance of Borgata's position in online gaming; the potential roll-out of online gaming to other markets; and the potential for continued growth in the future. Forward-looking statements involve certain risks and uncertainties, and actual results may differ materially from those discussed in any such statement. These risks and uncertainties include, but are not limited to: the state of the economy and its effect on consumer spending; whether online gaming will become legalized in various states, the Company's and Borgata's ability to operate online gaming profitably, or otherwise; consumer reaction to fluctuations in the stock market and economic factors; the fact that the Company's expansion, development and renovation projects (including enhancements to improve property performance) are subject to many risks inherent in expansion, development or construction of a new or existing project; the effects of events adversely impacting the economy or the regions from which the Company draws a significant percentage of its customers; competition; litigation; financial community and rating agency perceptions of the Company and its subsidiaries; changes in laws and regulations, including increased taxes; the availability and price of energy, weather, regulation, economic, credit and capital market conditions; and the effects of war, terrorist or similar activity. Additional factors that could cause actual results to differ are discussed under the heading "Risk Factors" and in other sections of the Company's Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, and in the Company's other current and periodic reports filed from time to time with the SEC. All forward-looking statements in this press release are made as of the date hereof, based on information available to the Company as of the date hereof, and the Company assumes no obligation to update any forward-looking statement.
SOURCE Boyd Gaming Corporation