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) 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.
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.
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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.