Boyd Gaming Corporation announced that it is updating its previously provided Adjusted EBITDA and Adjusted EPS guidance for the fourth quarter ended December 31, 2013. The company expects to report wholly-owned Adjusted EBITDA, after the deduction of corporate expense, at the lower end of the previously provided range of $105.0 million to $110.0 million. The company expects low and high end Adjusted EBITDA to be in the range of $129.3 and $136.3 million. Wholly-owned Adjusted EBITDA for fourth quarter 2013 excludes a favorable property tax adjustment of $9.3 million. Adjusted loss per share for fourth quarter 2013 is expected to range from a loss of $0.21 to $0.27 per share, compared to previous guidance of a loss of $0.15 to $0.20 per share. On a GAAP basis, the company expects to report a net loss attributable to Boyd Gaming Corporation of $44.3 million to $49.8 million, and a net loss per share of $0.40 to $0.46. The company's fourth-quarter results will include charges of $24.7 million due to early extinguishments of debt, primarily related to debt refinancing activities at Borgata. The company expects low and high end operating income to be in the range of $37.3 million and $41.9 million; low and high end loss from continuing operations before taxes to be in the range of $62.1 million and $58.4 million and low and high end net loss attributable to Boyd Gaming Corporation to be in the range of $49.8 million and $44.3 million.

The company also expects its fourth-quarter results to be impacted by non-cash impairment charges, currently estimated to total $4.1 million, arising primarily from the annual impairment test of its indefinite-lived intangible assets.