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MP Guru
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 of casino space with 21,400 slot machines and 425 table games. Gaming revenue is 75% of total gross revenue.[1]
In addition the corporation has a 50% share in the Borgata, Atlantic City's newest and top-grossing casino resort.



Beginnings are important, both in the lives of people and of companies. In the case of Boyd Gaming Corporation, it all started with a man who embodied the concepts of integrity, commitment and excellence - concepts which are the cornerstones of what is today one of the gaming industry's brightest success stories. That man is Sam Boyd.

Together with his family, Sam Boyd parlayed $80, an unflagging sense of optimism, a winning attitude with people and a legendary work ethic into a multimillion-dollar gaming and entertainment empire.

It all began with a dream, a smile and a tip of the hat to Lady Luck. Back in the rough-and-tumble days of the Roaring Twenties, a young man worked the carnival games at the Long Beach Pike Amusement Park in California to help support his fatherless family.

Boyd Gaming Chief Financial Officer Paul J. Chakmak will succeed Smith as Chief Operating Officer, also effective January 1, 2008. The Company intends to begin a search for Chakmak's successor in the near future.

Commenting on Keith Smith's appointment as Chief Executive Officer, Bill Boyd said, "Keith has been a key player in the growth and success of our Company over the last 17 years. His talent as a senior executive, his vision and leadership skills, and his 25 years of experience in our business, give me every confidence that he is the right person to take Boyd Gaming to the next level. Most importantly, Keith understands and supports the culture that has come to define and differentiate our Company over the last 30 years. We are at the beginning of a transformational new chapter in our Company's history, making this an ideal time for a new person to assume the Chief Executive role."

Commenting on Paul Chakmak's appointment, Boyd added, "Since joining our Company in 2004, Paul has quickly established himself as a valuable member of our senior management team. His familiarity with our Company and industry make him the ideal candidate to succeed Keith in the Chief Operating Officer role. I look forward to working closely with the both of them in the years to come."

Smith was named President of Boyd Gaming in 2005 and has been Chief Operating Officer since 2001. He joined the Company as Corporate Controller in 1990, and was promoted to Senior Vice President, and subsequently Executive Vice President of Operations in 1998. Smith has more than 25 years of experience in the industry, including various executive positions with Aztar Corporation.

Chakmak, 42, joined Boyd Gaming in 2004 as Senior Vice President Finance and Treasurer. He was promoted to Executive Vice President and Chief Financial Officer in June 2006. Previously, he was a senior member of CIBC World Markets' West Coast Leveraged Finance Group, where he led the firm's debt origination and structuring group for various sectors, including the gaming, lodging and leisure industries. Chakmak has more than 18 years of banking experience.


The Olympia Group has named Cass Palmer, a top gaming and hospitality executive, as Chief Human Resources Officer. In this role, he will oversee all human resources functions for the entire company, including its gaming and development operations. This includes general administration, labor and employee relations, training and organizational development, compensation and benefits, recruitment, budgeting, and risk management and safety.


Cass Palmer , CHRO


This is the second executive-level hiring from Olympia which named well-respected gaming veteran Dean Harrold as Vice Chairman of Olympia Gaming in June.

“Having Cass join our team means that we have one of the industry’s top human resources executives working for Olympia,” said Garry Goett, Chairman and CEO of the Olympia Group. “We’re pleased to welcome him and know that his twenty years of experience in this field is a definite asset.”

Palmer most recently worked as the Corporate Vice President of Human Resources for Boyd Gaming, a position in which he was responsible for the strategic direction, overall operation, promotion and development of all human resources functions for approximately 20,000 employees at eight Nevada properties and six outside of the state.

Before joining Boyd Gaming, he served as Senior Vice President of Human Resources for Park Place Entertainment Corporation and in a similar role for Caesars Palace. He also served in a number of human resources management positions for Bally’s and Paris Las Vegas.

With a bachelor’s degree and an MBA from the University of Nevada, Las Vegas, Palmer is affiliated with the United Way (serving as a Board Member), the American Heart Association,
the Southern Nevada Chapter of Society for Human Resource Management, and the Industrial Relations Research Association. He is also Member of the Board of Directors of the State of Nevada, Governors - Workforce Employment Board, the United Labor Agency of Nevada, and the Nevada Council on Problem Gambling.

You are responsible for the accuracy of your records, time sheets and reports
relating to the Company. Accurate information is essential to Boyd Gaming
Corporation’s ability to meet legal and regulatory obligations and to compete
effectively. The records and books of account of Boyd Gaming Corporation must
meet the highest standards and accurately reflect the true nature of the
transactions they record. Destruction of any records, books of account or other
documents except in accordance with Boyd Gaming Corporation’s document
retention policy is strictly prohibited.
1. You must not create false or misleading documents or accounting,
financial or electronic records for any purpose relating to Boyd Gaming
Corporation, and no one may direct an employee to do so. For example,
expense reports must accurately document expenses actually incurred in
accordance with Boyd Gaming Corporation policies. You must not obtain
or create “false” invoices or other misleading documentation or invent or
use fictitious entities, sales, purchases, services, loans or other financial
arrangements for any purpose relating to Boyd Gaming Corporation.
Employees are also responsible for accurately reporting time worked.
2. No undisclosed or unrecorded account or fund shall be established for any
purpose. No false or misleading entries shall be made in the Company’s
books or records for any reason. No disbursement of corporate funds or
other corporate property shall be made without adequate supporting
documentation or for any purpose other than as described in the
documents. All employees shall comply with generally accepted
accounting principles at all times.
You must promptly notify the Company’s General Counsel of any government
investigation or inquiries from government agencies concerning Boyd Gaming
Corporation. You may not destroy any record, books of account, or other
documents relating to Boyd Gaming Corporation except in accordance with the
Company’s document retention policy. If you are aware of a government
investigation or inquiry, you may not destroy any record, books of account, or
other documents relating to the investigation or inquiry.
You must not obstruct the collection of information, data or records relating to
Boyd Gaming Corporation. The Company provides information to the
government that it is entitled to during an inspection, investigation, or request for
information. You must not lie to government investigators or make misleading
statements in any investigation relating to Boyd Gaming Corporation. You must
not attempt to cause any employee to fail to provide accurate information to
government investigators.
 
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