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ATLANTIC CITY - Boyd Gaming Corp., parent of Borgata Hotel Casino & Spa, will release third quarter earnings Tuesday amid warnings from one gaming analyst of weaker results at the company's regional properties.
Justin T. Sebastiano, senior vice president of Morgan Joseph & Co. Inc., said monthly revenue figures indicate Boyd's casinos in the South and Midwest missed estimates by about $10 million for the quarter.
Sebastiano reduced his quarterly revenue estimate to $409.9 million, gross operating profit to $101.3 million and earnings per share to 9 cents.
Posted in Business on Monday, October 26, 2009 11:30 am
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