Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. It operates in five segments: Las Vegas Locals, Downtown Las Vegas, Midwest and South, Peninsula, and Borgata. The company owns and operates 21 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, and New Jersey. It also owns and operates a travel agency and a captive insurance company that underwrites travel-related insurance in Hawaii; and the Borgata Hotel Casino & Spa in Atlantic City, New Jersey. As of December 31, 2015, it owned and managed 1,243,007 square feet of casino space comprising 29,736 slot machines, 757 table games, and 11,391 hotel rooms. Boyd Gaming Corporation was founded in 1988 and is headquartered in Las Vegas, Nevada.
The 50 DMA broke the 200, always a bullish sign. BYD is overbought but looking at the channel, a buy just under 21 might be in line
With gaming improving in Vegas, BYD might be worth looking into. I am familiar with the Cannery and it is a pretty busy little casino and right down the road from Sam's Town owned by BYD Boyd Gaming nears deal to buy Cannery Casino Resorts-sources April 20 (Reuters) - Casino operator Boyd Gaming Corp is close to an agreement to buy Cannery Casino Resorts LLC, in a deal that will value the privately held U.S. company at between $225 million and $240 million, according to people familiar with the matter. One of Cannery Casino Resorts' two Las Vegas locations would give Boyd a strong foothold in the fast-growing north area of the city, which is emerging as a hub for technology start-ups, attracting affluent professionals with money to gamble. http://finance.yahoo.com/news/boyd-gaming-nears-deal-buy-191727410.html Strong Volume
BYD has been on the move acquired gaming properties. With Vegas picking BYD positioning itself to move higher of rev's. Boyd Gaming Says Its Newly Acquired Aliante Property Is 'An Asset Without Rival' In The Vegas Market Boyd Gaming Corporation (NYSE: BYD) announced on Thursday it has entered into an agreement to acquire ALST Casino Holdco, the holding company of Aliante Casino Hotel and Spa for $380 million. Aliante is an upscale, resort-style casino in Las Vegas that offers a premium style hotel accommodation, gaming, dining, entertainment and retail facilities. Boyd Gaming noted that its strategic location on the 215 Beltway is "well-positioned to benefit from future planned development throughout the city of North Las Vegas." Related Link: JPMorgan Downgrades Las Vegas Sands, Thinks Investors Might Be Confused Aliante will be Boyd's first property in North Las Vegas and its 10th property in Southern Nevada. The transaction is expected to be cash flow positive and accretive to its earnings per share during the first year of ownership. The deal is expected to close in the third quarter. "Aliante is an asset without rival in the North Las Vegas market, strategically positioned to benefit from substantial future growth across the northern part of the Las Vegas Valley," said Keith Smith, president and chief executive officer of Boyd Gaming. "With significant residential and industrial developments moving forward in the area, Aliante's long-term potential is compelling. In addition, there are significant synergy opportunities at the property, allowing us to immediately improve its operating and financial performance. This acquisition will further strengthen and diversify our robust Las Vegas portfolio, the fastest-growing segment of our business." Aliante chief executive officer Soohyung Kim said, "It has been an honor to be part of the rebirth of Aliante Casino from a difficult restructuring to this excellent outcome for all stakeholders. We recognize that it would not have been possible but for the dedication of each and every team member, led by Terry Downey. These efforts have resulted in Aliante becoming the leader in our market. We are confident that Boyd Gaming will take Aliante to the next level and help it fulfill its ultimate potential. The future of North Las Vegas is brighter than ever, and we expect that Aliante will continue to be mainstay of our community." http://finance.yahoo.com/news/boyd-gaming-says-newly-acquired-143337533.html
Reported after close today (4/26/16) Earnings: EPS $0.30 Revenue $552.4M Estimates: EPS $0.25 Revenue $564.82M Down 6.98% after hours
Not bad gains the last two days after MGM announced they'd buy half of BYD's stake in Borgata. Nice little breakout today and could be headed into the $20's in the very near future.
Off the highs Boyd tops 3Q profit forecasts https://finance.yahoo.com/news/boyd-tops-3q-profit-forecasts-214940265.html
