LAS VEGAS (KLAS) — Boyd Gaming officials have been watching closely since a new competitor landed in town. But so far, Durango Casino & Resort hasn’t caused Boyd any headaches — at least, ones that officials will talk about.
Analysts peppered Keith Smith, president and CEO of Boyd Gaming, with questions about the new kid in town during an earnings call Thursday where the company talked about record revenue in 2023. Boyd reported $3.7 billion in revenue for the year, up from $3.6 billion in 2022.
Smith pointed to the company’s strong fourth quarter, with $954.4 million in revenue, up 3% over Q4 in 2022. He cited Las Vegas hotel revenue that grew 4%.
But the analysts wanted to know more about whether Durango was cutting into Boyd’s Las Vegas business. The Orleans Hotel & Casino is the closest Boyd property to Durango, and Station Casinos talked up their entry into the market, saying they staked out a neighborhood with no competition within five miles.
“We haven’t seen any significant impact as a result of the opening of Durango. Now, it’s still early, the property has only been open 60 days. But we haven’t seen any significant impact,” Smith said.