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) 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.
Boyd Gaming Corporation (NYSE: BYD) announced that its Q1 2022 results conference call will be held on April 26, 2022, at 5:00 p.m. Eastern. Interested participants can call (844) 200-6205 or access the call online at investors.boydgaming.com. The results will be released shortly after 4:00 p.m. Eastern. A replay of the call will be available until May 3, 2022 via (866) 813-9403 and online. Boyd Gaming, founded in 1975, operates 28 gaming properties and is a partner in FanDuel Group.
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.