bgc20190606_8k.htm
false 0000906553 0000906553 2020-07-28 2020-07-28
 
 


 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
____________________________________________________________________
 
FORM 8-K
 
____________________________________________________________________
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 
Date of Report (date of earliest event reported): July 28, 2020
 
____________________________________________________________________
 
 
 
 
Boyd Gaming Corporation
 
(Exact Name of Registrant as Specified in its Charter)
 
____________________________________________________________________
 
Nevada
 
001-12882
 
88-0242733
(State or Other Jurisdiction of Incorporation)
 
(Commission File Number)
 
(I.R.S. Employer Identification Number)
 
 
3883 Howard Hughes Parkway, Ninth Floor
Las Vegas, Nevada 89169
(Address of Principal Executive Offices, Including Zip Code)
 
(702) 792-7200
(Registrant’s Telephone Number, Including Area Code)
 
 
(Former Name or Former Address, if Changed Since Last Report)
 
Securities registered pursuant to Section 12(b) of the Exchange Act:
 
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common stock, $0.01 par value
BYD
New York Stock Exchange
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company  
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐
 


 
 

 
 
Item 2.02.     Results of Operations and Financial Condition.
 
On July 28, 2020, Boyd Gaming Corporation issued a press release announcing its financial results for the second quarter ended June 30, 2020. A copy of the press release is furnished hereto as Exhibit 99.1 and incorporated herein by reference.
 
Item 9.01.     Financial Statements and Exhibits.
 
(d) Exhibits
 
 
Exhibit Number
 
Description
     
99.1
 
     
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
 

 
 
SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
Date:
July 28, 2020
Boyd Gaming Corporation
     
 
By:
/s/ Anthony D. McDuffie
   
Anthony D. McDuffie
   
Vice President and Chief Accounting Officer
     
 
 
 
ex_146705.htm
 

Exhibit 99.1

 

 

 

 

 

 

Financial Contact:

 

Media Contact:

 

Josh Hirsberg

 

David Strow

 

(702) 792-7234

 

(702) 792-7386

 

joshhirsberg@boydgaming.com

 

davidstrow@boydgaming.com

 

BOYD GAMING REPORTS SECOND-QUARTER 2020 RESULTS

 

 

26 Properties Resume Operations Since Mid-May

Midwest & South, Las Vegas Locals Segments Each Deliver Adjusted EBITDAR Growth, Significant Margin Improvement Since Reopening

Launch of Stardust Social Casino Advances Company's iGaming Strategy

 

LAS VEGAS - JULY 28, 2020 - Boyd Gaming Corporation (NYSE: BYD) today reported financial results for the second quarter ended June 30, 2020.

 

Keith Smith, President and Chief Executive Officer of Boyd Gaming, said: “Across the country, our team members did a tremendous job getting our properties back open quickly and safely over the final six weeks of the quarter.  And since reopening began, we are off to an excellent start.  On a comparable basis at our reopened properties, we achieved Companywide EBITDAR growth and significant margin improvement while complying with state-regulated reductions in gaming capacity.  During the reopening period, our Midwest & South properties posted double-digit EBITDAR gains, while our Las Vegas Locals properties also improved EBITDAR performance versus prior year. While overall visitation and revenues are down, spend per visit is robust, and we have successfully streamlined operating and marketing expenses to drive margin gains of more than 1,000 basis points in both the Midwest & South and Las Vegas Locals segments.  These positive operating trends are continuing into July, giving us confidence that we can sustain increased efficiencies in our operating model.”

 

1

 

 

Smith continued: “We are also making great progress positioning our Company for the digital future of our industry.  With the recent launch of our Stardust Social Casino mobile app, we established our first interactive gaming presence under the Stardust brand.  We also continued to expand our strategic partnership with FanDuel Group as we introduced an online casino product in the state of Pennsylvania.  With our industry-leading strategic partner and the iconic Stardust brand, Boyd Gaming is in an excellent position to capitalize on the compelling growth opportunity presented by interactive gaming and mobile sports betting.”

 

Due to impacts of the COVID-19 pandemic, Boyd Gaming reported second-quarter 2020 revenues of $209.9 million, compared to $846.1 million in the second quarter of 2019. The Company recorded a net loss of $108.5 million, or $0.96 per share, for the second quarter of 2020, compared to net income of $48.5 million, or $0.43 per share, for the year-ago period.

 

Total Adjusted EBITDAR(1) was $16.1 million in the second quarter of 2020, compared to $232.6 million in the second quarter of 2019. Adjusted Earnings(1) for the second quarter of 2020 reflect a loss of $110.5 million, or $0.98 per share, compared to Adjusted Earnings of $52.5 million, or $0.46 per share, for the same period in 2019.

 

(1)

See footnotes at the end of the release for additional information relative to non-GAAP financial measures.

 

Operations Review

During the period from March 18 through May 19, 2020, all 29 of the Company’s properties nationwide were closed under state and local orders aimed at mitigating the spread of COVID-19.  The Company resumed operations at 26 properties on the following dates.(2)

 

 

May 20: Delta Downs, Evangeline Downs, Treasure Chest

 

May 21: IP Casino Resort Spa, Sam’s Town Tunica

 

May 23: Kansas Star

 

May 27: Sam’s Town Shreveport, Amelia Belle

 

June 1: Ameristar St. Charles, Ameristar Kansas City, Diamond Jo Dubuque, Diamond Jo Worth

 

June 4: The Orleans, Gold Coast, Suncoast, Aliante, Cannery, Sam’s Town, Jokers Wild, California, Fremont

 

June 15: Blue Chip, Belterra Casino Resort

 

June 19: Belterra Park

 

June 26: Valley Forge

 

July 1: Par-A-Dice

 

The following comparisons reflect operating trends for the period from the reopening date of each property through June 30, 2020, as compared to the corresponding period of the prior year.  All properties operated under significantly reduced capacity in compliance with local and state restrictions.

 

Combined revenues for the 16 reopened Midwest & South segment properties were down 18% from the comparable prior-year period, while combined Adjusted EBITDAR rose 16% and operating margins increased more than 1,200 basis points. The seven Las Vegas Locals properties that reopened on June 4, 2020, reported a combined revenue decrease of 28% from the prior year, while combined Adjusted EBITDAR grew 1% and operating margins increased nearly 1,300 basis points.  The Company’s two reopened Downtown Las Vegas segment properties reported a combined revenue decline of 60% from the prior year while combined Adjusted EBITDAR for the reopening period was breakeven, reflecting the impact of reduced visitation to Las Vegas as well as lower business volumes from the Company’s Hawaiian customer base.

 

Segment results for the second quarter and year-to-date periods ended June 30, 2020, are presented in the financial tables accompanying this release.

 

(2)

As of July 28, 2020, Eastside Cannery, Eldorado and Main Street Station remain closed to the public.

 

2

 

 

Balance Sheet Update

As of June 30, 2020, Boyd Gaming had cash on hand of $1.31 billion, and total debt of $4.98 billion. Cash and debt balances reflect the Company’s issuance of $600 million of 8.625% senior notes due 2025 on May 21, 2020, as well as $670 million drawn from the Company's revolving credit facilities on March 16, 2020.

 

Conference Call Information

Boyd Gaming will host a conference call to discuss second-quarter 2020 results today, July 28, at 5:00 p.m. Eastern. The conference call number is (888) 317-6003, passcode 6244842. Please call up to 15 minutes in advance to ensure you are connected prior to the start of the call.

 

The conference call will also be available live on the Internet at www.boydgaming.com, or https://www.webcaster4.com/Webcast/Page/964/35870.

 

Following the call’s completion, a replay will be available by dialing (877) 344-7529 today, July 28, beginning at 7:00 p.m. Eastern and continuing through Tuesday, August 4 at 11:59 p.m. Eastern. The conference number for the replay will be 10146576. The replay will also be available on the Internet at www.boydgaming.com.

 

3

 

 

BOYD GAMING CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

 

   

Three Months Ended

   

Six Months Ended

 
   

June 30,

   

June 30,

 

(In thousands, except per share data)

 

2020

   

2019

   

2020

   

2019

 

Revenues

                               

Gaming

  $ 185,111     $ 633,659     $ 694,876     $ 1,253,912  

Food & beverage

    10,661       112,047       100,545       223,137  

Room

    6,918       61,097       53,645       118,341  

Other

    7,169       39,329       41,318       78,030  

Total revenues

    209,859       846,132       890,384       1,673,420  

Operating costs and expenses

                               

Gaming

    76,761       282,593       315,461       559,209  

Food & beverage

    16,745       103,477       106,584       205,628  

Room

    5,097       27,799       28,082       54,681  

Other

    2,169       24,748       23,616       48,628  

Selling, general and administrative

    60,268       116,701       173,698       232,112  

Master lease rent expense (a)

    25,413       24,431       50,078       48,393  

Maintenance and utilities

    21,654       39,707       54,800       77,807  

Depreciation and amortization

    69,213       68,051       136,178       135,304  

Corporate expense

    13,963       26,913       38,921       58,090  

Project development, preopening and writedowns

    3,825       4,915       7,333       8,946  
Impairment of assets                 171,100        

Other operating items, net

    1,099       105       8,642       304  

Total operating costs and expenses

    296,207       719,440       1,114,493       1,429,102  

Operating income (loss)

    (86,348 )     126,692       (224,109 )     244,318  

Other expense (income)

                               

Interest income

    (569 )     (816 )     (1,008 )     (922 )

Interest expense, net of amounts capitalized

    59,208       61,233       111,053       122,563  

Loss on early extinguishments and modifications of debt

    412       508       587       508  

Other, net

    115       (455 )     (229 )     (340 )

Total other expense, net

    59,166       60,470       110,403       121,809  

Income (loss) before income taxes

    (145,514 )     66,222       (334,512 )     122,509  

Income tax (provision) benefit

    36,970       (17,738 )     78,409       (28,574 )

Net income (loss)

  $ (108,544 )   $ 48,484     $ (256,103 )   $ 93,935  
                                 

Basic net income (loss) per common share

  $ (0.96 )   $ 0.43     $ (2.26 )   $ 0.83  

Weighted average basic shares outstanding

    113,257       113,318       113,482       113,329  
                                 

Diluted net income (loss) per common share

  $ (0.96 )   $ 0.43     $ (2.26 )   $ 0.83  

Weighted average diluted shares outstanding

    113,257       113,795       113,482       113,832  

__________________________________________

(a) Rent expense incurred by those properties subject to a master lease with a real estate investment trust.

 

4

 

 

BOYD GAMING CORPORATION

SUPPLEMENTAL INFORMATION

Reconciliation of Adjusted EBITDA to Net Income 

(Unaudited)

 

   

Three Months Ended

   

Six Months Ended

 
   

June 30,

   

June 30,

 

(In thousands)

 

2020

   

2019

   

2020

   

2019

 

Total Revenues by Reportable Segment

                               

Las Vegas Locals

  $ 48,691     $ 220,948     $ 229,455     $ 443,798  

Downtown Las Vegas

    4,664       64,466       58,777       127,492  

Midwest & South

    156,504       560,718       602,152       1,102,130  

Total revenues

  $ 209,859     $ 846,132     $ 890,384     $ 1,673,420  
                                 

Adjusted EBITDAR by Reportable Segment

                               

Las Vegas Locals

  $ 2,858     $ 71,449     $ 49,620     $ 145,683  

Downtown Las Vegas

    (7,220 )     15,902       2,736       30,927  

Midwest & South

    32,655       165,064       138,484       321,535  

Property Adjusted EBITDAR

    28,293       252,415       190,840       498,145  

Corporate expense, net of share-based compensation expense (a)

    (12,171 )     (19,819 )     (30,285 )     (42,524 )

Adjusted EBITDAR

    16,122       232,596       160,555       455,621  

Master lease rent expense (b)

    (25,413 )     (24,431 )     (50,078 )     (48,393 )

Adjusted EBITDA

    (9,291 )     208,165       110,477       407,228  
                                 

Other operating costs and expenses

                               

Deferred rent

    227       244       449       489  

Depreciation and amortization

    69,213       68,051       136,178       135,304  

Share-based compensation expense

    2,693       8,158       10,884       17,867  

Project development, preopening and writedowns

    3,825       4,915       7,333       8,946  
Impairment of assets                 171,100        

Other operating items, net

    1,099       105       8,642       304  

Total other operating costs and expenses

    77,057       81,473       334,586       162,910  

Operating income (loss)

    (86,348 )     126,692       (224,109 )     244,318  

Other expense (income)

                               

Interest income

    (569 )     (816 )     (1,008 )     (922 )

Interest expense, net of amounts capitalized

    59,208       61,233       111,053       122,563  

Loss on early extinguishments and modifications of debt

    412       508       587       508  

Other, net

    115       (455 )     (229 )     (340 )

Total other expense, net

    59,166       60,470       110,403       121,809  

Income (loss) before income taxes

    (145,514 )     66,222       (334,512 )     122,509  

Income tax (provision) benefit

    36,970       (17,738 )     78,409       (28,574 )

Net income (loss)

  $ (108,544 )   $ 48,484     $ (256,103 )   $ 93,935  

 

__________________________________________

(a) Reconciliation of corporate expense:

 

   

Three Months Ended

   

Six Months Ended

 
   

June 30,

   

June 30,

 

(In thousands)

 

2020

   

2019

   

2020

   

2019

 

Corporate expense as reported on Condensed Consolidated Statements of Operations

  $ 13,963     $ 26,913     $ 38,921     $ 58,090  

Corporate share-based compensation expense

    (1,792 )     (7,094 )     (8,636 )     (15,566 )

Corporate expense, net, as reported on the above table

  $ 12,171     $ 19,819     $ 30,285     $ 42,524  

 

(b) Rent expense incurred by those properties subject to a master lease with a real estate investment trust.

 

5

 

 

BOYD GAMING CORPORATION

SUPPLEMENTAL INFORMATION

Reconciliations of Net Income to Adjusted Earnings

and Net Income Per Share to Adjusted Earnings Per Share 

(Unaudited)

 

   

Three Months Ended

   

Six Months Ended

 
   

June 30,

   

June 30,

 

(In thousands, except per share data)

 

2020

   

2019

   

2020

   

2019

 

Net income (loss)

  $ (108,544 )   $ 48,484     $ (256,103 )   $ 93,935  

Pretax adjustments:

                               

Project development, preopening and writedowns

    3,825       4,915       7,333       8,946  
Impairment of assets                 171,100        

Other operating items, net

    1,099       105       8,642       304  

Loss on early extinguishments and modifications of debt

    412       508       587       508  

Other, net

    115       (455 )     (229 )     (340 )

Total adjustments

    5,451       5,073       187,433       9,418  
                                 

Income tax effect for above adjustments

    (623 )     (1,057 )     (44,792 )     (1,990 )

Impact of tax valuation allowance

    (6,824 )           568        

Adjusted earnings (loss)

  $ (110,540 )   $ 52,500     $ (112,894 )   $ 101,363  
                                 

Net income (loss) per share, diluted

  $ (0.96 )   $ 0.43     $ (2.26 )   $ 0.83  

Pretax adjustments:

                               

Project development, preopening and writedowns

    0.04       0.04       0.06       0.08  
Impairment of assets                 1.51        

Other operating items, net

    0.01             0.08        

Loss on early extinguishments and modifications of debt

                0.01        

Other, net

                       

Total adjustments

    0.05       0.04       1.66       0.08  
                                 

Income tax effect for above adjustments

    (0.01 )     (0.01 )     (0.39 )     (0.02 )
Impact of tax valuation allowance     (0.06 )                  

Adjusted earnings (loss) per share, diluted

  $ (0.98 )   $ 0.46     $ (0.99 )   $ 0.89  
                                 

Weighted average diluted shares outstanding

    113,257       113,795       113,482       113,832  

 

 

6

 

 

Non-GAAP Financial Measures

Regulation G, "Conditions for Use of Non-GAAP Financial Measures," prescribes the conditions for use of non-GAAP financial information in public disclosures. We believe that our presentations of the following non-GAAP financial measures are important supplemental measures of operating performance to investors: earnings before interest, taxes, depreciation and amortization (EBITDA), Adjusted EBITDA, EBITDAR (EBITDA further adjusted for rent expense associated with a master lease), Adjusted EBITDAR, Adjusted Earnings and Adjusted Earnings Per Share (Adjusted EPS). The following discussion defines these terms and why we believe they are useful measures of our performance.  We do not provide a reconciliation of forward-looking non-GAAP financial measures to the corresponding forward-looking GAAP measure due to our inability to project special charges and certain expenses.

 

EBITDA, Adjusted EBITDA, EBITDAR and Adjusted EBITDAR

EBITDA and EBITDAR are commonly used measures of performance in our industry that we believe, when considered with measures calculated in accordance with accounting principles generally accepted in the United States (“GAAP”), provide our investors a more complete understanding of our operating results before the impact of investing and financing transactions and income taxes and facilitates comparisons between us and our competitors. Management has historically adjusted EBITDA and EBITDAR when evaluating operating performance because we believe that the inclusion or exclusion of certain recurring and non-recurring items is necessary to provide a full understanding of our core operating results and as a means to evaluate period-to-period results. We refer to this measure as Adjusted EBITDA or Adjusted EBITDAR. We have chosen to provide this information to investors to enable them to perform comparisons of past, present and future operating results and as a means to evaluate the results of core on-going operations. We have historically reported these measures to our investors and believe that the continued inclusion of Adjusted EBITDA and Adjusted EBITDAR provides consistency in our financial reporting. We use Adjusted EBITDA and Adjusted EBITDAR in this press release because we believe this information is useful to investors in allowing greater transparency related to significant measures used by our management in their financial and operational decision-making. Adjusted EBITDA and Adjusted EBITDAR are among the more significant factors in management's internal evaluation of total company and individual property performance and in the evaluation of incentive compensation related to property management. Management also uses Adjusted EBITDA and Adjusted EBITDAR as measures in the evaluation of potential acquisitions and dispositions. Adjusted EBITDA and Adjusted EBITDAR are also used by management in the annual budget process. Externally, we believe these measures continue to be used by investors in their assessment of our operating performance and the valuation of our company. Adjusted EBITDA reflects EBITDA adjusted for deferred rent, share-based compensation expense, project development, preopening and writedown expenses, impairments of assets, loss on early extinguishments and modifications of debt and other operating items, net. Adjusted EBITDAR reflects Adjusted EBITDA further adjusted for rent expense associated with a master lease with a real estate investment trust.

 

Adjusted Earnings and Adjusted EPS

Adjusted Earnings is net income before project development, preopening and writedown expenses, impairments of assets, other items, net, gain or loss on early extinguishments and modifications of debt, and other non-recurring adjustments, net. Adjusted Earnings and Adjusted EPS are presented solely as supplemental disclosures because management believes that they are widely used measures of performance in the gaming industry.

 

Limitations on the Use of Non-GAAP Measures

The use of EBITDA, Adjusted EBITDA, EBITDAR, Adjusted EBITDAR, Adjusted Earnings, Adjusted EPS and certain other non-GAAP financial measures has certain limitations. Our presentation of EBITDA, Adjusted EBITDA, EBITDAR, Adjusted EBITDAR, Adjusted Earnings, Adjusted EPS or certain other non-GAAP financial measures may be different from the presentation used by other companies and therefore comparability may be limited. Depreciation and amortization expense, interest expense, income taxes and other items have been and will be incurred and are not reflected in the presentation of EBITDA, Adjusted EBITDA, EBITDAR and Adjusted EBITDAR. Each of these items should also be considered in the overall evaluation of our results. Additionally, EBITDA, Adjusted EBITDA, EBITDAR and Adjusted EBITDAR do not consider capital expenditures and other investing activities and should not be considered as a measure of our liquidity. We compensate for these limitations by providing the relevant disclosure of our depreciation and amortization, interest and income taxes, capital expenditures and other items both in our reconciliations to the historical GAAP financial measures and in our consolidated financial statements, all of which should be considered when evaluating our performance.

 

EBITDA, Adjusted EBITDA, EBITDAR, Adjusted EBITDAR, Adjusted Earnings, Adjusted EPS and certain other non-GAAP financial measures are used in addition to and in conjunction with results presented in accordance with GAAP. EBITDA, Adjusted EBITDA, EBITDAR, Adjusted EBITDAR, Adjusted Earnings, Adjusted EPS and certain other non-GAAP financial measures should not be considered as an alternative to net income, operating income, or any other operating performance measure prescribed by GAAP, nor should these measures be relied upon to the exclusion of GAAP financial measures. EBITDA, Adjusted EBITDA, EBITDAR, Adjusted EBITDAR, Adjusted Earnings, Adjusted EPS and certain other non-GAAP financial measures reflect additional ways of viewing our operations that we believe, when viewed with our GAAP results and the reconciliations to the corresponding historical GAAP financial measures, provide a more complete understanding of factors and trends affecting our business than could be obtained absent this disclosure. Management strongly encourages investors to review our financial information in its entirety and not to rely on a single financial measure.

 

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Forward-looking Statements and Company Information

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements contain words such as “may,” “will,” “might,” “expect,” “believe,” “anticipate,” “could,” “would,” “estimate,” “continue,” “pursue,” or the negative thereof or comparable terminology, and may include (without limitation) information regarding the Company's expectations, goals or intentions regarding future performance.  In addition, forward-looking statements in this press release include statements regarding the impacts of COVID-19 on the Company, future operating trends at the Company’s properties following reopening, continuing cost efficiencies and margin improvements, and the Company’s future digital gaming initiatives, including development of the Stardust brand.  Forward-looking statements involve certain risks and uncertainties, and actual results may differ materially from those discussed in any such statement. These risks and uncertainties include, but are not limited to: the ongoing uncertainty about COVID-19, its duration and impact, the possibility of future closures and length of closures of the Company’s properties, negative perceptions of visiting properties that have large groups of people, the cost to comply with any mandated health requirements associated with the virus, the extent of consumer demand upon re-opening, the negative effects on the Company’s workforce, suppliers, contractors and other partners, as well as the impact on the customer experience of necessary health and safety measures implemented at the direction of State and local governments and gaming regulators.  Risks also include fluctuations in the Company's operating results; the results of operations of its properties in various markets; the political climate and its effects on consumer spending and its impact on the travel industry; the state of the economy and its effect on consumer spending and the Company's results of operations; the impact and effects of the local economies in the markets where the Company has operations; the receipt of legislative, and other state, federal and local approvals for the Company's development projects; whether online gaming will become legalized in various states, the Company's ability to operate online gaming profitably, or otherwise; consumer reaction to fluctuations in the stock market and economic factors; the effects of events adversely impacting the economy or the regions from which the Company draws a significant percentage of its customers; competition; litigation; financial community and rating agency perceptions of the Company and its subsidiaries; changes in laws and regulations, including increased taxes; the availability and price of energy, weather, regulation, economic, credit and capital market conditions; and the effects of war, terrorist or similar activity. Additional factors that could cause actual results to differ are discussed under the heading “Risk Factors” and in other sections of the Company's Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, and in the Company's other current and periodic reports filed from time to time with the SEC. All forward-looking statements in this press release are made as of the date hereof, based on information available to the Company as of the date hereof, and the Company assumes no obligation to update any forward-looking statement.

 

About Boyd Gaming

Founded in 1975, Boyd Gaming Corporation (NYSE: BYD) is a leading geographically diversified operator of 29 gaming entertainment properties in 10 states.  The Company is also a strategic partner and 5% equity owner of FanDuel Group, the nation’s leading sports-betting and iGaming operator.  With one of the most experienced leadership teams in the casino industry, Boyd Gaming prides itself on offering its guests an outstanding entertainment experience, delivered with unwavering attention to customer service.  For additional Company information and press releases, visit www.boydgaming.com.

 

 

 

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v3.20.2
Document And Entity Information
Jul. 28, 2020
Document Information [Line Items]  
Entity, Registrant Name Boyd Gaming Corporation
Document, Type 8-K
Document, Period End Date Jul. 28, 2020
Entity, Incorporation, State or Country Code NV
Entity, File Number 001-12882
Entity, Tax Identification Number 88-0242733
Entity, Address, Address Line One 3883 Howard Hughes Parkway
Entity, Address, City or Town Las Vegas
Entity, Address, State or Province NV
Entity, Address, Postal Zip Code 89169
City Area Code 702
Local Phone Number 792-7200
Title of 12(b) Security Common stock
Trading Symbol BYD
Security Exchange Name NYSE
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity, Emerging Growth Company false
Amendment Flag false
Entity, Central Index Key 0000906553