LAS VEGAS, Nevada -- (PRESS RELEASE) -- Boyd Gaming Corporation (BYD) today announced the following results from Borgata's online gaming operations in the month of February 2014.
Combined, Borgata and party.poker generated $4.1 million in online gaming revenue, for a market-leading 40% share of New Jersey's online gaming business. Borgata accounted for $3.1 million in online revenue in February, posting a 14% gain from January despite a shorter calendar. Borgata's standalone market share was 30%.
Keith Smith, President and Chief Executive Officer of Boyd Gaming, said:
"Boyd Gaming continues to strengthen our position as a leader in online gaming. We were particularly encouraged by the performance of Borgata's online casino site, which achieved month-over-month revenue growth of 36%, and more than 50% on a per-day basis. We have strived to create a first-in-class online gaming experience worthy of the Borgata brand, and it is clearly resonating with players across the state of New Jersey."
"Looking ahead, we continue to see significant opportunities for future growth in New Jersey as we refine and enhance our online product. Earlier this month, we successfully hosted one of New Jersey's largest online poker tournaments to date, with a $145,000 prize purse. And in mid-February, Borgata launched an Android-compatible app that can access 3G/4G networks, making it more convenient than ever to play at Borgata. We have migrated our entire suite of IGT game titles to this app, ensuring that our mobile gaming experience meets the high expectations that players have for the Borgata brand. With an iOS version of this product now being finalized, we see significant further upside from mobile gaming in the months ahead."
"We are pleased with the progress we have made so far in New Jersey, and will carefully consider future online opportunities elsewhere to determine which ones make strategic sense for our Company."
About Boyd Gaming
Headquartered in Las Vegas, Boyd Gaming Corporation (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.
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