LAS VEGAS ( TheStreet)-- Boyd Gaming ( BYD) narrowed its loss in the fourth quarter, but the improvement came as last year was weighed down by write-downs. During the quarter, Boyd Gaming lost $1 million, or 1 cents a share, compared with a loss of $220.8 million, or $2.51, for the casino operato rin the year-ago period. Excluding items, Boyd Gaming earnings were near break-even, in-line with analysts' estimates. Boyd Gaming's revenue, however, still tumbled 9% to $384.9 million. At Boyd's Las Vegas properties, revenue tanked 12%, while the Midwest and Southern regions fell 7%. At Atlantic City's Borgata, Boyd Gaming's joint venture with MGM Mirage ( MGM), revenue slipped 4%. MGM is currently looking to divest its 50% stake in the hotel-casino. It has been reported that MGM is in talks with several casinos and private investors. Boyd has the right to match any offer MGM receives. -- Reported by Jeanine Poggi in New York. Follow TheStreet.com on Twitter and become a fan on Facebook.