Boyd Gaming Corp Stock Price, News & Analysis

Pala Interactive LLC has reached a definitive agreement to sell its business to Boyd Gaming Corporation (NYSE: BYD) for $170 million. Founded in 2013, Pala Interactive specializes in online gaming technology and currently operates in eight U.S. states and Canada. This acquisition is expected to enhance Boyd Gaming's iGaming strategy, following Pala Interactive's recent achievement of an Ontario Gaming Related Supplier License. The deal is anticipated to close by the first quarter of 2023, pending regulatory approvals.

Boyd Gaming Corporation (NYSE: BYD) has announced a definitive agreement to acquire Pala Interactive LLC for $170 million. This acquisition, part of Boyd's iGaming strategy, allows for greater control over technology and customer experience. Pala Interactive offers real money and social gaming solutions across regulated markets in the U.S. and Canada. The deal, expected to close by Q1 2023, will be financed with cash on hand and Boyds' existing credit agreement. Boyd aims to leverage its extensive customer database and enhance its online gaming operations.

Boyd Gaming Corporation (NYSE: BYD) reported record financial results for Q4 2021 and the full year, with revenues of $879.8 million for the quarter, a 38.4% increase from Q4 2020. Net income reached $109.8 million, or $0.96 per share, compared to $83.3 million in the previous year. For the full year, revenues totaled $3.4 billion, up from $2.2 billion in 2020, with a net income of $463.8 million. The Board reinstated a quarterly dividend of $0.15 per share due to strong performance and recommenced share repurchases under a $300 million program, indicating a commitment to shareholder value.

FanDuel Group and Boyd Gaming (NYSE:BYD) launched mobile and retail sports betting in Louisiana, enabling betting in 55 out of 64 parishes starting January 28, 2022. The FanDuel Sportsbook app will allow wagering on various sports, with features like Same Game Parlay Plus and 24/7 customer support. Boyd Gaming operates five new retail locations across the state, enhancing the betting experience. Both companies emphasize responsible gambling practices, offering tools and resources for customers.

Boyd Gaming Corporation (NYSE: BYD) will host a conference call on February 3, 2022, at 5:00 p.m. Eastern to discuss its fourth-quarter and full-year 2021 results. Results will be released earlier that day at 4:00 p.m. Eastern. The call can be accessed at (844) 200-6205, or internationally at +1-929-526-1599, using passcode 979572. A replay will be available until February 10, with replay number 263059. Additional details can be found on Boyd Gaming's investor website.

Boyd Gaming Corporation (NYSE: BYD) reported record third-quarter results for the period ending September 30, 2021. Revenues rose 29.3% to $843.1 million, with net income reaching $138.2 million, or $1.21 per share. Adjusted EBITDAR increased by 42.6% to $340.7 million, improving operating margins to 40.4%. The Board authorized a $300 million share repurchase program, reflecting confidence in long-term growth. The strong performance is attributed to increased customer visitation and operational efficiencies, despite some locations still being affected by prior closures.

Boyd Gaming and Aristocrat Gaming have launched the Boyd Pay Wallet, a cashless payment solution for table games in Nevada. This technology allows players to fund table game wagers using the B Connected app, eliminating the need for cash transactions. The field trial is being held at Aliante Casino Hotel and Spa and follows previous cashless implementations for slot players in multiple states. Executives from both companies emphasized their commitment to enhancing guest experiences through innovative technology that streamlines payments and improves accessibility in gaming.

Boyd Gaming Corporation (NYSE: BYD) is set to hold a conference call on Tuesday, October 26, at 5:00 p.m. Eastern to discuss its third-quarter 2021 results. Investors can dial (844) 200-6205 or +1-929-526-1599 internationally, with a passcode of 239894. The earnings will be released shortly before the call at 4:00 p.m. Eastern the same day. A replay will be accessible from the conclusion of the call on October 26 until November 2. Further information is available at Boyd Gaming's investor page.