March 03, 2015 5:01 AM ET

Hotels, Restaurants and Leisure

Company Overview of Boyd Gaming Corporation

Company Overview

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in the United States. The company operates in five segments: Las Vegas Locals, Downtown Las Vegas, Midwest and South, Peninsula, and Borgata. It owns and operates 21 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, and New Jersey. The company also owns and operates a travel agency in Hawaii; and the Borgata Hotel Casino and Spa in Atlantic City, New Jersey. As of December 31, 2013, it owned and operated 1,254,111 square feet of casino space comprising 31,400 slot machines, 769 table games, and 11,418 hotel rooms. Boyd Gaming Cor...

3883 Howard Hughes Parkway

Ninth Floor

Las Vegas, NV 89169

United States

Founded in 1988

18,290 Employees

Phone:

702-792-7200

Key Executives for Boyd Gaming Corporation

Chief Executive Officer, President and Director
Age: 53
Total Annual Compensation: $1.1M
Executive Chairman
Age: 83
Total Annual Compensation: $1.3M
Chief Financial officer, Senior Vice President and Treasurer
Age: 52
Total Annual Compensation: $485.0K
Chief Business Development Officer, Executive Vice President and Director
Age: 61
Total Annual Compensation: $1.1M
Compensation as of Fiscal Year 2013.

Boyd Gaming Corporation Key Developments

Boyd Gaming Corporation Presents at JPMorgan Global High Yield & Leveraged Finance Conference, Feb-23-2015 02:00 PM

Boyd Gaming Corporation Presents at JPMorgan Global High Yield & Leveraged Finance Conference, Feb-23-2015 02:00 PM. Venue: Loews Hotel, Miami Beach, Florida, United States.

Boyd Gaming Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter of 2015 and Full Year 2015; Reports Impairments of Assets for the Fourth Quarter of 2014

Boyd Gaming Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net revenues of $531,593,000 compared to $681,537,000 a year ago. Operating income was $22,247,000 compared to $39,180,000 a year ago. Loss from continuing operations before income taxes was $43,720,000 compared to $60,763,000 a year ago. Net loss attributable to the company was $32,423,000 or $0.29 per basic and diluted share compared to $47,340,000 or $0.43 per basic and diluted share a year ago. Adjusted EBITDA was $136,365,000 compared to $131,484,000 a year ago. Adjusted loss was $136,000 or $0.00 per share compared to $26,392,000 or $0.24 per share a year ago. In terms of capital expenditures, during the quarter, the company invested $55 million, including $11 million at Peninsula. For the year, the company reported net revenues of $2,701,319,000 compared to $2,894,438,000 a year ago. Operating income was $251,516,000 compared to $278,301,000 a year ago. Loss from continuing operations before income taxes was $40,885,000 compared to $115,994,000 a year ago. Net loss attributable to the company was $53,041,000 or $0.48 per basic and diluted share compared to $80,264,000 or $0.83 per basic and diluted share a year ago. Adjusted EBITDA was $605,280,000 compared to $610,425,000 a year ago. Adjusted earnings were $1,282,000 or $0.01 per share compared to adjusted loss of $33,358,000 or $0.34 per share a year ago. For the year, the company invested approximately $140 million at both Boyd and Peninsula and $19 million at Borgata. For the full year 2015, the company projects total adjusted EBITDA, including Peninsula and 50% of Borgata's adjusted EBITDA, of $535 million to $560 million. Total 2015 capital spend is expected to be slightly higher than 2014 levels. The company expects to spend approximately $40 million in capital at Borgata, which includes recurring maintenance of $25 million and approximately $15 million for capital related to further property enhancements. Annual depreciation expense is expected to range from $210 million to $215 million. Total annual interest expense expects to be approximately $225 million. Full year EBITDA expects to be about $65 million. For the first quarter of 2015, the company expects EBITDA from Las Vegas Locals and Downtown businesses to mirror the results of last year. On a combined basis, Midwest and South and Peninsula assets to generate EBITDA of -- increasing 2% to 3%. And on a stand-alone basis, the company expects Borgata to generate $33 million to $35 million of EBITDA in the first quarter. For the fourth quarter of 2014, the company reported impairments of assets of $40,575,000 compared to $4,101,000 for the same quarter a year ago.

Boyd Gaming Corporation Mulls Acquisition

Boyd Gaming Corporation (NYSE:BYD) is seeking acquisitions. Boyd Gaming Corporation said in earnings call, “Committed to finding ways to expand portfolio and grow business potentially through development opportunities and acquisitions.”

Similar Private Companies By Industry

Company Name Region
Runza National, Inc. United States
Cranberry Creek Casual Cafe United States
Capital District Regional Off-Track Betting Corporation United States
Mashburn Enterprises LLC United States
Hotel Lanai United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Boyd Gaming Corporation, please visit www.boydgaming.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.