Gaming Industry News - Financial

Net revenue from continuing operations was $101.0 million for the quarter ended March 31,, compared to net revenue of $101.7 million in the first quarter of 2012, a decline of $0.7 million, or 0.6%. Adjusted EBITDA for the first quarter of was $18.1 million, compared to $20.2 million in the first quarter of 2012, a decline of $2.0 million, or 10.1%.

For the first quarter of, consolidated Adjusted EBITDA decreased from the prior-year first quarter by $12.3 million (12.1%), to $89.7 million.

The Pennsylvania Gaming Control Board reported today on its web site that the collective slot machine revenue produced at the 11 casinos during April dropped 4% compared to April of last year.

Atlantis net revenue for the first quarter of increased primarily due to higher hotel and food and beverage revenue. Black Hawk net revenue of $11.6 million represents 16.0% growth over the $10.0 million the property generated during the same quarter of the prior year before it was acquired by Monarch.

Net Revenue Increased 19.5% to a Record $3.30 Billion

Decline in first-quarter revenues from strong 2012 first quarter due to reduced visitation

The revenue increase was driven by 4.4% higher revenues from our Macau Operations coupled with a 6.6% increase in revenues from our Las Vegas Operations.

Boyd Gaming reported net revenues of $737.0 million, an increase of 16.4% from $633.1 million during the same quarter in 2012.

Total Consolidated Operating Revenues Decrease 3.52%

Maryland Live! Casino generated the top slot revenue in the mid-Atlantic gaming market for March with $44,613,545, outperforming all other regional competitors.