Boyd Gaming Corp Stock Price, News & Analysis

Boyd Gaming Corporation (NYSE: BYD) recently announced the distribution of over $145,000 to various non-profit organizations through its annual holiday initiative, 'Wreaths of Hope.' In 2020, more than 135 non-profits participated, with 18 Boyd properties involved across multiple states. Customers voted for their preferred charities, helping to decide the winners. Since its inception in 2007, Boyd has awarded over $850,000 to support community organizations. The recent prize pool was notably the largest in the competition's history.

Boyd Gaming Corporation (NYSE: BYD) announced its third-quarter 2020 results, reporting revenues of $652.2 million, down from $819.6 million in Q3 2019. Despite challenges from the COVID-19 pandemic, the company achieved 12% EBITDAR growth and improved operating margins to 36.6%, up from 26.1% year-over-year. Net income was $38.1 million or $0.33 per share, slightly lower than $39.4 million in the previous year. The Las Vegas Locals segment saw a 20% revenue decline but recorded a 23% EBITDAR increase.

Boyd Gaming Corporation (NYSE: BYD) will hold a conference call on October 26, 2020, at 5:00 p.m. Eastern to discuss its third-quarter results. The results will be reported the same day shortly after 4:00 p.m. Eastern. To participate, call (888) 317-6003 with passcode 8128975 15 minutes prior to the call. A replay will be available from 7:00 p.m. Eastern on October 26 through November 2, accessible at (877) 344-7529 with replay code 10149026. More information can be found on their website.

Boyd Gaming Corporation (NYSE: BYD) announced the reopening of Delta Downs Racetrack Casino Hotel in Vinton, Louisiana, after damage from Hurricane Laura. The property, closed since late August, will welcome guests starting September 16 at 11 a.m. Central Time. Boyd Gaming is providing over $1.5 million in relief for Delta Downs employees and the local community, including full pay and benefits for team members during the closure. The company is also contributing to the American Red Cross and Second Harvest Food Bank to support ongoing recovery efforts in southwest Louisiana.

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.