In July 2018, the company entered a partnership with MGM Resorts International, under which the companies have the opportunity to offer online and mobile gaming platforms, including sports betting, casino gaming and poker. One of the notable initiatives by Boyd Gaming has been regarding the legalization of sports gambling. The proceeds from the debt issuance were used to finance the redemption of all of its outstanding 6.875% senior notes due 2023 and prepay a portion of Refinancing Term B Loans.

In the fourth quarter of 2019, the company issued $1 billion aggregate principal amount due December 2027. These casinos operate in nine states in the Midwest and southern United States.ĭuring 2019, Boyd Gaming completed several transactions to improve its long-term financial position. Midwest and South (67.1%): The segment has four land-based casinos, six dockside riverboat casinos, three racinos and four barge-based casinos. The segment competes directly with other locals casinos and gaming companies.ĭowntown Las Vegas (6.8%): This segment consists of three casinos, which competes with eight other casinos in the area. Las Vegas Locals (26.1% of total revenues in 2022): This segment consists of nine casinos and mainly targets the people of Las Vegas metropolitan area.

As of Dec 31, 2022, the company owns and operates 27 properties, offering 1.72 million square feet of casino space, 29,836 slot machines, 626 table games and 10,751 hotel rooms.īoyd Gaming reports its operating results under the following segment: It owns and operates gaming entertainment properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio and Pennsylvania. With that in mind, let's take a look at Boyd Gaming's main business drivers.įounded in 1975 and headquartered in Las Vegas, Boyd Gaming Corporation is a multi-jurisdictional gaming company. What if you'd invested in Boyd Gaming (BYD) ten years ago? It may not have been easy to hold on to BYD for all that time, but if you did, how much would your investment be worth today? This factor can impact your investment portfolio as well as help you compare investment results across sectors and industries.Īnother factor that can influence investors is FOMO, or the fear of missing out, especially with tech giants and popular consumer-facing stocks. For most investors, how much a stock's price changes over time is important.

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