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 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.
Boyd Gaming Corporation (NYSE: BYD) has announced a $250,000 donation to Second Harvest Food Bank to aid southern Louisiana communities affected by Hurricane Ida. This financial support will assist in providing food and water to areas like Jefferson and St. Mary's parishes, where Boyd's Treasure Chest and Amelia Belle properties are located. Both venues are currently closed, but Boyd Gaming plans to reopen them soon. The company is prioritizing the welfare of its employees, ensuring they receive full pay during the closures.
Boyd Gaming Corporation (NYSE: BYD) reported strong Q2 2021 financial results, achieving revenues of $893.6 million, a significant increase from $209.9 million in Q2 2020.
Net income stood at $113.7 million or $1.00 per share, versus a net loss of $108.5 million last year. Adjusted EBITDAR rose to $385.4 million from $16.1 million.
Margins exceeded 43% companywide, with Las Vegas Locals approaching 57%. The company remains optimistic about future performance as July saw continued strength.
Boyd Gaming Corporation (NYSE: BYD) has scheduled a conference call on July 27, 2021, at 5:00 p.m. Eastern to discuss its second-quarter 2021 results.
The call will follow the results announcement at 4:00 p.m. Eastern. Interested parties can join by calling (888) 317-6003, with passcode 7324895, or listen online at www.boydgaming.com.
A replay will be available until August 3, 2021, at (877) 344-7529 using conference number 10158428.
Boyd Gaming and Hawaiian Airlines have established a strategic partnership, allowing loyalty members to earn enhanced benefits through Boyd's B Connected program and HawaiianMiles. Effective immediately, this collaboration offers reciprocal earning and redemption options, increasing the attractiveness of both loyalty programs. Customers can enjoy exclusive rewards, discounts, and unique experiences across Boyd's properties and Hawaiian Airlines. This initiative targets Boyd Gaming's audience, particularly those traveling to Hawaii, enhancing customer engagement and loyalty.
Boyd Gaming Corporation (NYSE: BYD) has successfully closed its offering of $900 million in 4.750% senior notes due in 2031. The notes carry a semi-annual interest rate of 4.750%, with payments starting on September 15, 2021. Proceeds from this offering will be utilized to redeem existing senior notes with higher interest rates, specifically the 6.375% and 6.000% notes due in 2026. These new notes are guaranteed by certain domestic subsidiaries.
Boyd Gaming Corporation (NYSE: BYD) announced the pricing of its senior notes offering, now increased to $900 million, with a maturity set for June 15, 2031. The notes will carry an interest rate of 4.750%, payable semi-annually, starting on September 15, 2021. Proceeds will be used to redeem outstanding senior notes due 2026 and cover related expenses. The offering is expected to close on June 8, 2021, subject to customary conditions. The notes will be sold under SEC Rule 144A, and all forward-looking statements are accompanied by inherent risks.
Boyd Gaming Corporation (NYSE: BYD) announced a private placement offering of $750 million in senior notes due 2031. The notes will be guaranteed by certain current and future domestic restricted subsidiaries. Proceeds will be used to redeem all outstanding 6.375% notes and some 6.000% notes due 2026, utilizing cash on hand and revolving credit borrowings. The offering targets qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S. This announcement does not constitute an offer to purchase the notes.
Boyd Gaming Corporation (NYSE: BYD) reported a strong financial performance for Q1 2021, with revenues of $753.3 million, up 10.7% from $680.5 million in Q1 2020. The net income reached $102.2 million or $0.90 per share, recovering from a net loss of $147.6 million in the prior year. Adjusted EBITDAR increased to $292.6 million, reflecting significant growth in operating margins, reaching 38.8%. The increase in customer visitation and spending, alongside successful strategic initiatives, contributed to this performance. The company held $730.9 million in cash and $3.94 billion in total debt as of March 31, 2021.