keith smith boyd gaming

The following discussion defines these terms and why we believe they are useful measures of our performance.

Boyd Gaming Reports Second-Quarter 2020 Results /PRNewswire/ -- Boyd Gaming Corporation (NYSE: BYD) today reported financial results for the second quarter ended June 30, 2020. Additionally, EBITDA, Adjusted EBITDA, EBITDAR and Adjusted EBITDAR do not consider capital expenditures and other investing activities and should not be considered as a measure of our liquidity. We compensate for these limitations by providing the relevant disclosure of our depreciation and amortization, interest and income taxes, capital expenditures and other items both in our reconciliations to the historical GAAP financial measures and in our consolidated financial statements, all of which should be considered when evaluating our performance.Adjusted Earnings is net income before project development, preopening and writedown expenses, impairments of assets, other items, net, gain or loss on early extinguishments and modifications of debt, and other non-recurring adjustments, net. 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.More news releases in similar topicsThe use of EBITDA, Adjusted EBITDA, EBITDAR, Adjusted EBITDAR, Adjusted Earnings, Adjusted EPS and certain other non-GAAP financial measures has certain limitations. He was promoted to Executive Vice President of Operations in 1998 and to Chief Operating Officer in 2001. "Since reopening began, Boyd Gaming's properties are off to an excellent start" "Across the country, our team members did a tremendous job getting our properties back open quickly and safely over the final six weeks of the quarter," said Keith Smith, President and CEO. EBITDA, Adjusted EBITDA, EBITDAR, Adjusted EBITDAR, Adjusted Earnings, Adjusted EPS and certain other non-GAAP financial measures reflect additional ways of viewing our operations that we believe, when viewed with our GAAP results and the reconciliations to the corresponding historical GAAP financial measures, provide a more complete understanding of factors and trends affecting our business than could be obtained absent this disclosure. 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. Management strongly encourages investors to review our financial information in its entirety and not to rely on a single financial measure.Smith continued: "We are also making great progress positioning our Company for the digital future of our industry. As President and Chief Executive Officer at BOYD GAMING CORP, Keith E. Smith made $9,645,494 in total compensation. In addition, forward-looking statements in this press release include statements regarding the impacts of COVID-19 on the Company, future operating trends at the Company's properties following reopening, continuing cost efficiencies and margin improvements, and the Company's future digital gaming initiatives, including development of the Stardust brand. Our presentation of EBITDA, Adjusted EBITDA, EBITDAR, Adjusted EBITDAR, Adjusted Earnings, Adjusted EPS or certain other non-GAAP financial measures may be different from the presentation used by other companies and therefore comparability may be limited. You’ll soon have a new spot to get your chicken fix.UNLV’s field at Allegiant Stadium includes the team nickname in both end zones and the arched logo on the playing field.Las Vegas-based Allegiant Travel Co., which booked 17 straight profitable years before the pandemic hit, on Wednesday said that it lost $93.1 million in the second quarter and plans to furlough up to 275 pilots.“Our core customers are not deterred by social distancing measures, limited amenities or masking requirements,” Smith said.The company has streamlined operating expenses and improved margins in its Midwest, South and Las Vegas segments by cutting costs in areas like marketing, labor and certain amenities, like buffets.A Nevada judge scheduled a hearing Thursday to determine whether the Department of Employment, Training and Rehabilitation is following his orders.The Southern Nevada Health District on Wednesday said it no longer recommends people who tested positive for COVID-19 be tested again.Smith said the reopenings will be based on demand, but there are “no dates right now.” He added that downtown Las Vegas — where Main Street Station is located — is not performing at the same level as Boyd’s other segments.The company has reopened all but three of its 29 properties; the Eastside Cannery, Main Street Station and Eldorado Casino in Southern Nevada have yet to reopen.Total revenue for the Caesars Entertainment Inc.-affiliated company was $257.9 million, up 17 percent compared with the same period last year.

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