Welcome to our dedicated page for Boyd Gaming news (Ticker: BYD), a resource for investors and traders seeking the latest updates and insights on Boyd Gaming stock.
Boyd Gaming Corporation operates a diversified casino and online gaming business with 27 gaming entertainment properties in 11 states. The company also manages a tribal casino in northern California, owns Boyd Interactive as a B2B and B2C online casino gaming business, and links its nationwide portfolio through Boyd Rewards.
Recurring updates cover quarterly and annual operating results, property-level revenue and margin trends, customer play across Las Vegas Locals, Downtown Las Vegas, Midwest and South, and Online segments, and capital allocation through dividends and share repurchases. News also includes property openings, capital investments, development pipeline activity, gaming regulatory approvals, financing matters, and board actions.
Boyd Gaming Corporation (NYSE: BYD) and FanDuel Group have announced the launch of the FanDuel Par-A-Dice Sportsbook in Illinois, expanding their partnership. The sportsbook offers an extensive online and mobile betting platform for sports including football, basketball, and baseball. A retail sportsbook will also be established at Boyd Gaming's Par-A-Dice Casino in East Peoria, pending regulatory approval. The partnership has seen successful launches in other states, with Boyd Gaming now accessing markets in 15 states, representing over 36% of the U.S. population.
Boyd Gaming Corporation (NYSE: BYD) announced the successful completion of its Exchange Offer, which involved the exchange of $1 billion of its outstanding 4.750% Senior Notes due 2027 for new registered notes. The offer, which expired on August 14, 2020, saw an impressive 99.976% of the unregistered notes tendered and accepted. This exchange was conducted under a registration rights agreement established during the notes' initial issuance in December 2019. The Company emphasizes that this release serves informational purposes and does not constitute a solicitation.
Boyd Gaming Corporation (NYSE: BYD) reported Q2 2020 financial results, highlighting significant challenges due to COVID-19. Total revenues dropped to $209.9 million from $846.1 million in Q2 2019, with a net loss of $108.5 million, or $0.96 per share. Despite overall revenue declines, the company reported EBITDAR growth at reopened properties, with Midwest & South seeing double-digit gains. Boyd launched the Stardust Social Casino mobile app and expanded its partnership with FanDuel, positioning itself for future growth in interactive gaming.
Boyd Gaming Corporation (NYSE: BYD) has announced the launch of the Stardust Social Casino app, a mobile gaming platform inspired by the iconic Stardust brand. The app features a variety of popular slot games, free to play, available on iOS and Android. Players earn rewards through Boyd Gaming's B Connected loyalty program with virtual credit purchases. CEO Keith Smith emphasized the brand's strong legacy and its potential to enhance Boyd Gaming's market presence in online gaming.
Boyd Gaming Corporation (NYSE: BYD) has initiated an exchange offer for its 4.750% Senior Notes due 2027. Holders of approximately $1.0 billion of outstanding Unregistered Notes, issued on December 3, 2019, can exchange them for an equal principal amount of Registered Notes. The exchange offer expires at 11:59 p.m. NYC time on August 14, 2020. The offer is subject to specific terms and conditions outlined in the prospectus dated July 13, 2020, filed with the SEC.