Boyd Gaming Corp Stock Price, News & Analysis

Boyd Gaming Corporation (NYSE: BYD) has finalized its acquisition of Pala Interactive LLC for a total cash consideration of $170 million. This strategic move is aimed at enhancing Boyd's online casino gaming capabilities, leveraging Pala's technology and expertise. CEO Keith Smith emphasized that this acquisition will bolster Boyd's existing land-based operations and expand its customer base across the region. This acquisition reflects Boyd's commitment to exploring growth opportunities within the online gaming sector.

Boyd Gaming Corporation (NYSE: BYD) announced strong third-quarter financial results for 2022, with revenues of $877.3 million, up from $843.1 million in Q3 2021. Net income rose to $157.0 million or $1.46 per share, compared to $138.2 million or $1.21 per share last year. Total Adjusted EBITDAR was $337.7 million, slightly down from $340.7 million in Q3 2021. A significant focus on core customers and operational efficiencies yielded nearly $500 million returned to shareholders this year. The company remains optimistic about its performance amidst economic challenges.

Boyd Gaming Corporation (NYSE: BYD) has scheduled a conference call for October 25, 2022, at 5:00 p.m. Eastern to discuss its third-quarter results. The results will be reported shortly after 4:00 p.m. Eastern on the same day. Investors can join the call at (844) 200-6205 or access it online at investors.boydgaming.com. A replay will be available until November 1, 2022, by calling (866) 813-9403.

Boyd Gaming Corporation (NYSE: BYD) has declared a quarterly cash dividend of $0.15 per share, set to be paid on October 15, 2022. Shareholders of record must be accounted for by the close of business on September 30, 2022. Boyd Gaming operates 28 gaming properties across 10 states and holds a 5% equity stake in FanDuel Group. The company is committed to enhancing its Environmental, Social and Corporate Governance (ESG) initiatives to positively impact stakeholders and communities.

Boyd Gaming Corporation (NYSE: BYD) announced its second-quarter 2022 financial results, reporting revenues of $894.5 million, a slight increase from $893.6 million in Q2 2021. Net income rose to $146.8 million, or $1.33 per share, compared to $113.7 million, or $1.00 per share, in the previous year. Adjusted EBITDAR decreased to $353.9 million from $385.4 million. Boyd Gaming's operating margins improved to 39.6%, and strong performance was noted in its Las Vegas Locals and Downtown segments. The company also announced a quarterly dividend of $0.15 per share and plans to acquire Pala Interactive.

Boyd Gaming Corporation (NYSE: BYD) announced its second-quarter 2022 results conference call on July 26, 2022, at 5:00 p.m. Eastern. The results will be available at 4:00 p.m. Eastern on the same day. Callers can join via (844) 200-6205 and use passcode 452657. An online stream will also be accessible at investors.boydgaming.com. A replay will be available until August 2, 2022, at (866) 813-9403. Boyd Gaming operates 28 gaming properties across 10 states.

Boyd Gaming Corporation (NYSE: BYD) has released its 2021 Environmental, Social and Corporate Governance (ESG) report, reflecting its ongoing commitment to sustainability and community engagement. CEO Keith Smith highlighted achievements such as reductions in energy consumption and greenhouse gas emissions, nearly 1 billion gallons of water savings, and a Companywide waste diversion rate of nearly 50%. Additionally, Boyd Gaming has maintained over 10% spending with diverse vendors and contributed $1.4 million to pandemic relief efforts across 16 communities.

Boyd Gaming Corporation (NYSE: BYD) announced a $500 million increase in its share repurchase program, following prior authorizations totaling $361 million. This initiative reflects the company's dedication to returning capital to shareholders, with plans for approximately $100 million in quarterly repurchases. Additionally, a quarterly cash dividend of $0.15 per share was declared, payable on July 15, 2022, to shareholders of record on June 30, 2022.

Boyd Gaming Corporation (NYSE: BYD) reported record first-quarter financial results for 2022, with revenues of $860.7 million, up 14.3% from the previous year. Net income rose to $162.9 million ($1.45 per share), a significant increase from $102.2 million ($0.90 per share) in Q1 2021. The company achieved 39.4% adjusted EBITDAR margins alongside strong performances in its local and regional segments. Boyd Gaming reinstated its quarterly cash dividend at $0.15 per share, and repurchased $132 million in stock during the quarter.