Diamond Jo parent company reports $135 million loss in 2020 due to COVID-19

The parent company of Dubuque’s Diamond Jo Casino reported a net loss for 2020 as a result of COVID-19 impacts on the gaming industry.

Boyd Gaming this week reported a net loss of $134.7 million, compared to net income of $157.6 million in the prior year.

Boyd had revenues of $2.18 billion in 2020, compared to $3.33 billion for 2019 — a 35% decrease.

A press release states that the company’s revenues “were significantly impacted by state-mandated COVID-19 property closures that began in mid-March 2020 and continued through the second quarter,” as well as operating restrictions and property closures in the fourth quarter of the year.

The company reported fourth-quarter revenues of $635.9 million, compared to $833.1 million in the fourth quarter of 2019.

In the company’s Midwest & South division, which includes Diamond Jo in Dubuque, revenues were down 15.5% during the quarter.