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Tag Archives: Boyd Gaming

US – Record breaking Boyd boosted by new casinos

With 11 quarters of same store EBIDTA gains, Boyd Gaming has enjoyed a good few years of organic growth. A closer inspection of its figures show though that its record annual revenue of $2.38bn in 2017, was fuelled by its newly bought casinos in Aliante, Cannery Casino, and Eastside Cannery. Boyd Gaming achieved record fourth-quarter…

US – Boyd expands in Pennsylvania with Valley Forge purchase

Boyd Gaming is buying Valley Forge Casino Resort in King of Prussia, Pennsylvania, for $280.5m. Located 20 miles west of downtown Philadelphia, Valley Forge will be Boyd Gaming’s first asset in Pennsylvania, the second-largest commercial gaming state in the nation. The purchase price represents an implied multiple of 7 times EBITDA, including expected cost synergies…

US – Boyd to buy four Penn properties

Boyd Gaming has entered into a definitive agreement with Penn National Gaming to acquire the operations of Ameristar St. Charles (Missouri); Ameristar Kansas City (Missouri); Belterra Casino Resort in Florence, Indiana; and Belterra Park in Cincinnati, Ohio. The acquisition of these assets is in connection with Penn National’s proposed acquisition of Pinnacle Entertainment. Under terms…

US – Boyd hurt by effects of Hurricane Harvey

Boyd Gaming has said that Hurricane Harvey had a much more detrimental effect on its quarterly revenues than the tragic shooting on the Las Vegas Strip. Keith Smith, President and Chief Executive Officer of Boyd Gaming, said Boyd had ‘not really seeing an impact to the overall business’ in Las Vegas following the massacre at…

US – Boyd gets the green light for Elk Grove casino

Boyd Gaming has confirmed that the California State Assembly and California State Senate have each unanimously ratified a tribal-state gaming compact with the Wilton Rancheria Tribe that will allow the tribe to develop and operate a casino resort in Elk Grove, California. The compact was signed by California Governor Jerry Brown in July. Boyd Gaming…

US – Las Vegas locals market rebounds to boost Boyd

A rebound in the Las Vegas locals market saw Boyd Gaming post second-quarter 2017 net revenues of $599.9m, an increase of 10.1 per cent from $544.9m in the quarter a year-ago. The Las Vegas Locals segment saw a huge increase from $154.9m in the year-ago quarter to $214.2m this quarter. The results include a full…

US – Boyd Gaming installs SG slots and systems at Aliante

Scientific Games announced today the installation of its suite of system products at Aliante Casino+Hotel+Spa. The casino resort, which was acquired by Boyd Gaming in September 2016, is located in North Las Vegas, Nevada. Scientific Games installed its core casino and slot management solutions to manage Aliante’s 1,860 slot machines and 40 table games. Included…

US – Boyd hoping for Californian casino with Wilton Rancheria Tribe

Boyd Gaming’s tribal gaming partner Wilton Rancheria Tribe has bought a 35.9-acre land parcel in Elk Grove, California. Boyd Gaming currently has an agreement, subject to approval by the National Indian Gaming Commission, to develop and manage a casino resort on the Tribe’s behalf. The tribe’s land is located adjacent to Howard Hughes Corporation’s planned…

US – Boyd completes Delta Downs Racetrack renovation

Boyd Gaming has completed its $45m expansion project at Delta Downs Racetrack Casino Hotel. The centerpiece of the expansion project is an all-new, 167-room hotel tower, completed in late 2016. The property’s original 200-room hotel tower also received a complete redesign. “Throughout Boyd Gaming’s 16 years of ownership, Delta Downs has consistently been one of…

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