Boyd Gaming Corporation is a U.S.-based gaming and hospitality company listed on the Nasdaq under the ticker BYD.
Founded in 1975 by Sam Boyd and Bill Boyd, the company operates within the gaming and entertainment industry, offering a diversified portfolio of casinos, resorts, and entertainment properties across the United States.
Boyd Gaming is recognized as one of the leading operators of casinos and resorts, with more than 25 properties across 10 U.S. states. The company offers a wide range of services, including:
- Land-based and online casinos
- Sports betting operations
- Resort hotels and integrated casino properties
- Restaurants and dining services
- Live entertainment and special events
Its business model is built around revenue diversification, combining traditional casino operations with emerging digital gaming platforms.
With the expansion of online sports betting in the U.S., driven by changes in national and state legislation, Boyd Gaming has partnered with key players such as FanDuel to strengthen its position in the digital gaming space.
The company continues to invest in the modernization of its physical properties and in the innovation of its services, aiming to deliver high-quality experiences both on-site and online.
History and Founding of Boyd Gaming Corporation
Boyd Gaming Corporation was founded in 1975 in the United States by Sam Boyd and Bill Boyd, beginning with the launch of the California Hotel and Casino in Las Vegas, Nevada. The property quickly gained popularity by targeting Hawaiian tourists, cultivating a loyal customer base that fueled the company’s early growth.
Throughout the late 1970s and 1980s, Boyd Gaming expanded its operations across Las Vegas, developing new resorts and casino properties.
In the 1990s, the company further diversified its portfolio by entering the riverboat casino market, launching operations in states like Mississippi, Louisiana, and Missouri, taking advantage of newly favorable gaming regulations.
In 1993, Boyd Gaming went public with an Initial Public Offering (IPO) on the Nasdaq, raising capital to fund acquisitions and expand its national presence.
Key milestones in the company’s expansion include:
- 2003: Acquisition of Coast Casinos, strengthening its presence in the local Las Vegas market.
- 2005: Initiation of the Echelon Place project on the Las Vegas Strip (later suspended due to the 2008 financial crisis).
- 2016–2018: Acquisition of five casinos from Pinnacle Entertainment, expanding its footprint to 10 U.S. states.
From 2020 to 2024, Boyd Gaming focused on modernizing its casino properties and accelerating its digital strategy, especially in online sports betting, through its ongoing partnership with FanDuel.
This strategic pivot enabled Boyd Gaming to capture a significant share of the fast-growing online gaming and sports betting markets in the U.S.
Today, Boyd Gaming Corporation remains one of the largest casino and resort operators in the country, continuing to invest in digital transformation and enhanced customer experiences to solidify its position in both physical and online gaming environments.
Additional Information
The Company Boyd Gaming Corporation (United States), is listed on Nasdaq with a market cap of $ 6.46 Billions, having an equity of $ -.
The Company está listadathe in the sector of Others and categorized in industry of Others.
In the last 12 months the Company had a revenue of $ 4.07 Billions, which generated a profit in the amount of $ 1.87 Billion.
As for its main indicators, the Company has a P/E ratio of 3.45, a P/BV ratio of 0.00 and in the last 12 months the dividend yield of BYD was at 0.89%.
The Company is traded internationally through the ticker BYD.