Boyd Gaming Corp Stock Price, News & Analysis

Boyd Gaming (NYSE: BYD) has successfully completed the sale of its 5% equity stake in FanDuel Group to Flutter Entertainment plc (NYSE: FLUT) for $1.758 billion in cash proceeds.

The Company plans to utilize the proceeds to reduce existing debt while continuing its strategic focus on property investments, growth opportunities, and shareholder capital returns. This transaction marks a significant monetization event for Boyd Gaming as it celebrates its 50th anniversary in 2025, operating 28 gaming properties across 10 states.

Boyd Gaming (NYSE:BYD) reported strong Q2 2025 financial results with revenues reaching $1.0 billion, up from $967.5 million in Q2 2024. Net income increased to $150.4 million ($1.84 per share) from $139.8 million ($1.47 per share) year-over-year.

The company achieved its strongest property-level revenue and Adjusted EBITDAR growth in over three years, with margins exceeding 40%. The Las Vegas Locals segment showed its best quarterly growth in two years with margins near 50%. The Board authorized an additional $500 million for share repurchases, bringing the total authorization to approximately $707 million.

Boyd Gaming maintained its quarterly dividend of $0.18 per share and repurchased $105 million in shares during Q2 2025. The company ended the quarter with $320.1 million in cash and $3.6 billion in total debt.

Boyd Gaming (NYSE: BYD) has announced the sale of its 5% equity stake in FanDuel Group to Flutter Entertainment for $1.755 billion in cash. The transaction, expected to close in Q3 2025, will be used to reduce debt. Additionally, Boyd and FanDuel have extended their market-access agreements through 2038.

Under the revised agreements, Boyd will receive fixed fees from FanDuel's mobile sports-betting operations in five states and online casino operations in Pennsylvania. The Company's Online segment is projected to generate $50-55 million in operating income and Adjusted EBITDAR for 2025, and approximately $30 million in 2026. FanDuel will continue operating Boyd's retail sportsbooks outside Nevada through mid-2026, after which Boyd will assume these operations.

Boyd Gaming Corporation (NYSE: BYD) has scheduled its second-quarter 2025 earnings conference call for Thursday, July 24, 2025, at 5:00 p.m. Eastern. The company will release its financial results shortly after 4:00 p.m. Eastern on the same day.

Participants can join the call by dialing (800) 836-8184 without a passcode, or access it online via the company's investor relations website. A replay will be available through July 31 by dialing (888) 660-6345 with passcode 61311#.

Boyd Gaming, celebrating its 50th anniversary in 2025, operates 28 gaming properties across 10 states, manages a tribal casino in northern California, and owns Boyd Interactive. The company also holds a 5% stake in FanDuel Group, the leading sports-betting operator.

Boyd Gaming (NYSE: BYD) has declared a quarterly cash dividend of $0.18 per share for its shareholders. The dividend will be payable on July 15, 2025, to stockholders of record as of June 16, 2025. The announcement comes as Boyd Gaming celebrates its 50th anniversary in 2025. The company operates 28 gaming entertainment properties across 10 states, manages a tribal casino in northern California, and owns Boyd Interactive, a B2B and B2C online casino gaming business. Additionally, Boyd Gaming holds a 5% equity stake in FanDuel Group, the nation's leading sports-betting operator.

Boyd Gaming (NYSE: BYD) reported Q1 2025 financial results with revenues of $991.6 million, up from $960.5 million in Q1 2024. Net income was $111.4 million ($1.31 per share), compared to $136.5 million ($1.40 per share) year-over-year.

Total Adjusted EBITDAR increased to $337.5 million from $330.5 million in Q1 2024. The company maintained property operating margins of 40% despite severe weather impacts in the Midwest & South segment. The Online segment showed strong growth, while Downtown Las Vegas reported gains in both revenues and EBITDAR.

During Q1 2025, Boyd Gaming repurchased $328 million in shares and increased its quarterly dividend to $0.18 per share. The company held $311.5 million in cash and $3.5 billion in total debt as of March 31, 2025.

Boyd Gaming (NYSE: BYD) has scheduled its first-quarter 2025 earnings conference call for Thursday, April 24, 2025, at 5:00 p.m. Eastern. The company will release its Q1 results shortly after 4:00 p.m. Eastern on the same day.

Investors can join the call at (800) 836-8184 without a passcode, or access it online at the company's investor relations website. A replay will be available through May 1 by dialing (888) 660-6345 with passcode 77591#.

Boyd Gaming, marking its 50th anniversary in 2025, operates 28 gaming properties across 10 states, manages a tribal casino in northern California, and owns Boyd Interactive. The company also holds a 5% equity stake in FanDuel Group.

Boyd Gaming (NYSE: BYD) has announced an increase in its quarterly dividend from $0.17 to $0.18 per share. The dividend will be payable on April 15, 2025, to shareholders of record as of March 17, 2025.

The announcement comes as Boyd Gaming celebrates its 50th anniversary in 2025. The company operates 28 gaming entertainment properties across 10 states, manages a tribal casino in northern California, and owns Boyd Interactive, a B2B and B2C online casino gaming business. Additionally, Boyd Gaming holds a 5% equity stake in FanDuel Group, the nation's leading sports-betting operator.

Boyd Gaming (NYSE: BYD) reported solid Q4 2024 financial results with revenues of $1.0 billion, up from $954.4 million in Q4 2023. Net income reached $170.5 million ($1.92 per share), compared to $92.6 million ($0.94 per share) in the year-ago period.

For the full year 2024, the company reported revenues of $3.9 billion, increasing from $3.7 billion in 2023. Total Adjusted EBITDAR was $1.4 billion, maintaining stable year-over-year performance. The company maintained property-level operating margins above 40% and returned nearly $750 million to shareholders in 2024.

During Q4, the Las Vegas Locals segment faced competitive pressures at specific properties, while the Online segment showed strong growth. The company repurchased $203 million in shares during Q4 2024, with approximately $640 million remaining under current share repurchase authorizations.