Boyd Gaming Corporation (NYSE: BYD) is a Paradise, Nevada based business engaged in the development, ownership and operation of hotels and casinos throughout the United States. The company continues to be run by founder Sam Boyd's family under the management of Sam's son, Bill Boyd (born 1931), who currently serves as the company's executive chairman after retiring as CEO in January 2008.
As of 31 December 2009, the 15 wholly owned properties had 7,550 hotel rooms, 812,500 square feet (75,480 m2) of casino space with 21,400 slot machines and 425 table games. Gaming revenue is 75% of total gross revenue.
In addition the corporation has a 50% share in the Borgata, Atlantic City's newest and top-grossing casino resort.


Boyd Gaming Corporation (Boyd Gaming), incorporated in June 1988, is a multi-jurisdictional gaming company. As of December 31, 2009, the Company’s wholly owned and operated 15 casino entertainment facilities located in Nevada, Mississippi, Illinois, Louisiana and Indiana. In addition, it owns and operates a pari-mutuel jai-alai facility located in Dania Beach, Florida, a travel agency, and a captive insurance company that underwrites travel-related insurance. As of December 31, 2009, it owned an aggregate of approximately 812,500 square feet of casino space, containing approximately 21,400 slot machines, 425 table games and 7,550 hotel rooms. On January 22, 2009, it opened hotel at Blue Chip Casino, Hotel & Spa.
Las Vegas Locals Segment
The Company’s Las Vegas Locals segment consists of six casinos that serve the resident population of the Las Vegas metropolitan area. The casinos include Gold Coast Hotel and Casino, The Orleans Hotel and Casino, Sam’s Town Hotel and Gambling Hall, Suncoast Hotel and Casino, and Eldorado Casino and Jokers Wild Casino. Gold Coast Hotel and Casino (Gold Coast) is located on Flamingo Road, approximately one mile west of the Las Vegas Strip and one-quarter mile west of Interstate 15, the major highway linking Las Vegas and southern California. Gold Coast’s amenities include 711 hotel rooms and suites along with meeting facilities, multiple restaurant options, a 70-lane bowling center and action-packed gaming, including slots, table games, a poker room, a race and sports book and a bingo center. The Orleans Hotel and Casino (The Orleans) is located on Tropicana Avenue, a short distance from the Las Vegas Strip. Amenities at The Orleans include 1,885 hotel rooms, a variety of restaurants and bars, a spa and fitness center, 18 stadium-seating movie theaters, a 70-lane bowling center, banquet and meeting space, and a special events arena that seats up to 9,500 patrons.
Sam’s Town Hotel and Gambling Hall (Sam’s Town Las Vegas) is located on the Boulder Strip, approximately six miles east of the Las Vegas Strip, and features a contemporary western theme. Amenities at Sam’s Town Las Vegas include 646 hotel rooms, a variety of restaurants and bars, 18 stadium-seating movie theaters, and a 56-lane bowling center. Suncoast Hotel and Casino (Suncoast) is located in Peccole Ranch, a master-planned community adjacent to Summerlin, and is readily accessible from major points in Las Vegas, including downtown and the Las Vegas Strip. Suncoast is a Mediterranean-themed facility that features 426 hotel rooms, multiple restaurant options, 25,000 square feet of banquet and meeting facilities, 16 stadium-seating movie theatres, and a 64-lane bowling center. Eldorado Casino and Jokers Wild Casino is a located in downtown Henderson, the Eldorado Casino (Eldorado) is approximately 14 miles from the Las Vegas Strip. Jokers Wild Casino (Jokers Wild) is also located in Henderson. The amenities at each of these properties include slots, table games, a sports book, and dining options.
Downtown Las Vegas Segment
Through the Company’s Hawaiian travel agency, Vacations Hawaii, it operates six charter flights from Honolulu to Las Vegas each week. The casinos include California Hotel and Casino (California), Fremont Hotel and Casino (Fremont), and Main Street Station Casino, Brewery and Hotel (Main Street Station). California’s amenities include 781 hotel rooms, multiple dining options, a sports book, and meeting space. California and Main Street Station are connected by an indoor pedestrian bridge. Fremont Hotel and Casino’s amenities include 447 hotel rooms, a race and sports book, and meeting space. Main Street Station’s amenities include 406 hotel rooms and three restaurants, one of which includes a brewery. In addition, Main Street Station features a 96-space recreational vehicle park, the only such facility in the downtown area.
Midwest and South Segment
The Company’s Midwest and South properties consist of four dockside riverboat casinos, one racino and one barge-based casino that operate in four states in the Midwest and southern United States. Its Sam’s Town Hotel and Gambling Hall (Sam’s Town Tunica) is a barge-based casino located in Tunica County, Mississippi. The property has amenities, including 842 hotel rooms, an entertainment lounge, four dining venues, and the 1,600-seat River Palace Arena. Par-A-Dice Hotel Casino (Par-A-Dice) is a dockside riverboat casino located on the Illinois River in East Peoria, Illinois that features a 202-room hotel. Located adjacent to the Par-A-Dice riverboat is a land-based pavilion, which includes three restaurants, a cocktail lounge, and a gift shop. Par-A-Dice is located near Interstate 74, a major east-west interstate highway. Par-A-Dice is the only gaming facility located within approximately 90 miles of Peoria, Illinois. Blue Chip Casino, Hotel & Spa (Blue Chip) is a dockside riverboat casino located in Michigan City, Indiana, which is 40 miles west of South Bend, Indiana and 60 miles east of Chicago, Illinois. Treasure Chest Casino (Treasure Chest) is a dockside riverboat casino located on Lake Pontchartrain in the western suburbs of New Orleans, Louisiana. Delta Downs Racetrack Casino & Hotel is approximately 25 miles closer to Houston than the next closest gaming property, located in Lake Charles, Louisiana. Sam’s Town Hotel and Casino (Sam’s Town Shreveport) is a dockside riverboat casino located along the Red River in Shreveport, Louisiana. Amenities at the property include 514 hotel rooms, a spa, four restaurants, a live entertainment venue, and convention and meeting space.

OVERALL
Beta: 2.47
Market Cap (Mil.): $771.27
Shares Outstanding (Mil.): 86.27
Annual Dividend: --
Yield (%): --
FINANCIALS
BYD Industry Sector
P/E (TTM): 75.06 8.36 13.52
EPS (TTM): 137.25 -- --
ROI: 0.41 1.49 1.28
ROE: 0.88 2.21 2.12

Statistics:
Private Company
Incorporated: 1993 as Horseshoe Entertainment
Employees: 7,562
Sales: $826.3 million (2003 est.)
NAIC: 551120 Offices of Other Holding Companies; 713210 Casinos (Except Casino Hotels); 721120 Casino Hotels

Statistics:
Private Company
Incorporated: 1993 as Horseshoe Entertainment
Employees: 7,562
Sales: $826.3 million (2003 est.)
NAIC: 551120 Offices of Other Holding Companies; 713210 Casinos (Except Casino Hotels); 721120 Casino Hotels

Name Age Since Current Position
Boyd, William 79 2008 Executive Chairman of the Board
Smith, Keith 50 2008 President, Chief Executive Officer, Director
Johnson, Marianne 52 2008 Vice Chairman of the Board, Executive Vice President
Hirsberg, Josh 49 2008 Chief Financial Officer, Senior Vice President, Principal Financial Officer, Treasurer
Chakmak, Paul 46 2008 Chief Operating Officer, Executive Vice President
Larson, Brian 55 2008 Executive Vice President, General Counsel, Secretary
Boughner, Robert 58 2009 Executive Vice President, Chief Business Development Officer, Director
Bowdish, Ellie 43 2009 Chief Accounting Officer, Vice President, Principal Accounting Officer
Boyd, William 51 1992 Vice President, Director
McCoy, Billy 70 1997 Independent Director
Schwab, Frederick 72 2002 Independent Director
Wilson, Veronica 59 2003 Independent Director
Thomas, Peter 61 2004 Independent Director
Girardi, Thomas 71 2005 Independent Director
Spadafor, Christine 55 2009 Independent Director

COMPANY ADDRESS
Boyd Gaming Corp
3883 Howard Hughes Parkway
Ninth Floor
Las Vegas NV 89169
 
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