Boyd Gaming’s IP Casino Resort Continues To Give To Charity
Author: Joe Kizlauskas
Last Updated: 23rd February 2023
Boyd Gaming’s IP Casino Resort and Spa has continued its long-standing tradition of charitable giving, donating $839,000 to local charities so far this year.
The property’s gifts are expected to help more than 30 local organisations in 2021, including the Bacot McCarty Foundation, Boys and Girls Club of the Gulf Coast, Feed My Sheep, Make-A-Wish, NAACP-Biloxi Branch, and Humane Society of South Mississippi.
Incalculable benefits all across the region
Todd Trenchard, executive director of the Bacot McCarty Foundation said: “Boyd Gaming and the IP Casino Resort Spa have been our community partners for the past 11 years, donating millions of dollars to us to disburse into the local community. The partnership has been historic and had incalculable benefits all across our region.
“Through the IP, each year we have been able to benefit over 30 local agencies and issue scholarships to hundreds of students who are attaining higher education. From the YMCA to Special Olympics, from Boys & Girls Clubs to Ronald McDonald Charities… the IP has been the philanthropic leader in South Mississippi. We could never do what we do without their generous support.”
The Biloxi, Mississippi-based facility says it is “dedicated to giving back to the communities we call home,” as is parent company Boyd Gaming. Community, health and human services, culture, and education are four important areas where IP focuses its support.
Vincent Schwartz, senior vice president of operations and general manager of IP Casino Resort Spa, said, “IP Casino Resort Spa believes in the mission of these organisations and the good work they do every day.
“Through our support of these great charities, the IP team strives to have a positive, lasting and meaningful impact on the entire Mississippi Gulf Coast community.”
Boyd Gaming praised a “exceptional quarter” earlier this year, which it said was highlighted by the highest EBITDAR in the company’s history and reflected a “more focused operating strategy.”
The remarks came as the company released its first-quarter results, which showed revenue of $753.3 million, up 10.7 percent from $680.5 million the previous year.
Boyd’s ‘Las Vegas Locals’ and ‘Midwest and South’ segments climbed to $182.42 million (2020: $180.76 million) and $549.45 million (2020: $445.64 million), respectively, on a regional basis. Downtown Las Vegas had a 60.3 percent reduction in revenue to $21.43 million from $54.11 million.