Borgata announced its 4Q and full earnings

It had a loss of US$ 32.4 million for the fourth quarter, compared to US$ 47.3 million in 2013. For the year, the company’s net loss was US$ 53 million, compared to a net loss of US$ 80.3 million in 2013.

It had 29 cents loss per share for the fourth quarter, compared with 43 cents in 2013’s fourth quarter. Boyd’s loss per share for the full year was 48 cents, compared with 83 cents the year before.

It means that, among its casinos primarily geared toward Las Vegas locals, Boyd said revenues for the fourth quarter of 2014 were US$ 151.7 million, a 2.1 percent increase from the same period in 2013. Meanwhile, adjusted cash flow rose 19.7 percent to US$ 39.8 million. Boyd noted that gaming revenue rose a little bit but stressed that “targeted capital investments in new amenities” helped boost nongaming revenue.

In downtown Las Vegas, Boyd’s net revenues were US$ 59.6 million for the quarter, a slight drop from US$ 59.8 million during the same quarter one year earlier. Adjusted cash flow downtown was US$ 13.1 million for the quarter, up about US$ 2 million “after excluding one-time adjustments” in 2013, the company said. Boyd said it was helped by strong Hawaiian visitation - a market the company caters heavily to - and more foot traffic on Fremont Street.

The Borgata, an Atlantic City casino partly owned by Boyd, revenue rose 14 percent in the fourth quarter to US$ 179.1 million. That figure includes US$ 7 million from online gaming. The company said Borgata experienced “significant growth” in the gaming as well as nongaming areas. The firm had US$ 3.48 billion in total debt at the end of the year.

Previously, Boyd had said the company is exploring forming a real estate investment trust. CEO Keith Smith said on a conference call with analysts that the company’s evaluation of that idea is “ongoing” and “we do not have any specifics to update you on at this time.”

"In the fourth quarter we were pleased to achieve (cash flow) growth and margin improvement in every segment of our business. We saw modest revenue gains throughout our portfolio, continued growth in our Las Vegas business and ongoing stabilization in our regional markets. We also made steady progress executing our strategy to enhance our nongaming amenities, which contributed to improved growth and profitability in the quarter.” concluded CEO Keith Smith.