Boyd Gaming has reported a 5.5% year-on-year increase in revenue for the second quarter of 2024, reaching $967.5 million. This growth was predominantly driven by the online segment's performance. The company's net income for the quarter stood at $139.8 million, or $1.47 per share, marking a 22% decrease in earnings per share. This decline is attributed to a one-off tax benefit in the previous year, which resulted in a lower tax rate of approximately 5%, compared to the current quarter's rate of 24%. Total adjusted EBITDAR for Q2 2024 decreased by 2%, amounting to $344.2 million. Adjusted earnings were reported at $150 million, or $1.58 per share. In the Las Vegas Locals segment, market conditions showed improvement compared to the first quarter. The Orleans and Gold Coast properties experienced competitive pressures but performed in line with market expectations. Downtown Las Vegas operations exhibited growth both sequentially and on a year-over-year basis, bolstered by increased visitation from Hawaii and recent property investments. In the Midwest & South segment, revenues saw a slight increase of 0.6%, driven by growth in core customer play and stable retail play. The newly opened land-based casino at Treasure Chest, which began operations in early June, reportedly contributed positively. The online segment reported substantial growth in both revenue and adjusted EBITDAR, with a 52.9% increase in revenue, primarily due to strong performance in FanDuel’s sports-betting operations. The Managed & Other segment also experienced growth, with continued strong performance at Sky River Casino in northern California. Boyd Gaming paid a quarterly cash dividend of $0.17 per share on 15 July 2024 and repurchased $176 million in shares during Q2 2024. The company had approximately $545 million remaining under its share repurchase authorisation as of 30 June 2024. As of the same date, Boyd Gaming reported cash on hand of $280.8 million and total debt amounting to $3.0 billion. In the first quarter of 2024, Boyd Gaming reported a slight decline in revenue by 0.4% and a 23.1% decrease in net income, impacted by competition in the Las Vegas market and adverse weather conditions in the Midwest and South. Boyd shares are currently priced at $58.53, having peaked at a higher value following the release of these results. However, over the course of the past week, the stock has shown little change.