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Boyd Gaming Corp (BYD.N)

BYD.N on New York Stock Exchange

38.47USD
23 Jan 2018
Change (% chg)

$0.98 (+2.61%)
Prev Close
$37.49
Open
$37.60
Day's High
$38.83
Day's Low
$37.60
Volume
359,274
Avg. Vol
323,268
52-wk High
$38.83
52-wk Low
$19.21

Latest Key Developments (Source: Significant Developments)

Boyd Gaming Says Entered Into Definitive Agreement To Acquire Ameristar Casino Kansas City
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - Boyd Gaming Corp ::BOYD GAMING SAYS ON DEC 18, CO SAID IT HAD ENTERED INTO DEFINITIVE AGREEMENT TO ACQUIRE AMERISTAR CASINO KANSAS CITY - SEC FILING.BOYD GAMING CORP - TO ACQUIRE AMERISTAR CASINO KANSAS CITY, AMERISTAR CASINO ST. CHARLES, BELTERRA RESORT INDIANA, PNK (OHIO) LLC.BOYD GAMING - WILL ACQUIRE COMPANIES FOR TOTAL CASH CONSIDERATION OF ABOUT $575 MILLION.  Full Article

Boyd Gaming To Acquire Valley Forge Casino Resort For $280.5 Mln
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - Boyd Gaming Corp ::BOYD GAMING TO ACQUIRE VALLEY FORGE CASINO RESORT.DEAL FOR $280.5 MILLION.SAYS ‍COMPANY EXPECTS ACQUISITION TO BE FREE CASH FLOW POSITIVE AND IMMEDIATELY ACCRETIVE TO EARNINGS​.SAYS ‍TRANSACTION WILL BE FINANCED WITH INCREMENTAL DEBT FINANCING​.  Full Article

Gaming And Leisure Properties Announces Agreements To Accommodate The Acquisition Of Pinnacle By Penn National
Monday, 18 Dec 2017 

Dec 18 (Reuters) - Gaming And Leisure Properties Inc ::GAMING AND LEISURE PROPERTIES, INC. ANNOUNCES AGREEMENTS TO ACCOMMODATE THE PROPOSED ACQUISITION OF PINNACLE ENTERTAINMENT, INC. BY PENN NATIONAL GAMING, INC..GAMING AND LEISURE PROPERTIES-TO ACQUIRE ASSETS AT PENN'S PLAINRIDGE PARK CASINO, PINNACLE'S BELTERRA PARK GAMING & ENTERTAINMENT FOR ABOUT $315.2 MILLION.GAMING AND LEISURE PROPERTIES INC - TRANSACTION IS EXPECTED TO BE FUNDED WITH A COMBINATION OF DEBT AND EQUITY.GAMING AND LEISURE PROPERTIES INC - EXPECT TRANSACTION TO BE ACCRETIVE FOR SHAREHOLDERS AT CLOSING.  Full Article

Boyd Gaming To Acquire Four Pinnacle Entertainment Assets
Monday, 18 Dec 2017 

Dec 18 (Reuters) - Boyd Gaming Corp ::BOYD GAMING TO ACQUIRE FOUR PINNACLE ENTERTAINMENT ASSETS.BOYD GAMING - ‍ EXPECTS TRANSACTION TO ACQUIRE FOUR PINNACLE ENTERTAINMENT ASSETS TO BE FREE CASH FLOW POSITIVE AND IMMEDIATELY ACCRETIVE TO EARNINGS​.BOYD GAMING - ‍ INTENDS TO FINANCE DEAL TO BUY FOUR PINNACLE ASSETS THROUGH CASH FLOW FROM OPERATIONS, AVAILABILITY UNDER EXISTING CREDIT FACILITY​.  Full Article

Boyd Gaming posts Q3 adjusted earnings per share $0.22
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Boyd Gaming Corp :Boyd Gaming reports third-quarter 2017 results.Q3 adjusted earnings per share $0.22.Q3 earnings per share $0.20 from continuing operations.Q3 revenue $587.7 million versus I/B/E/S view $591.8 million.Q3 earnings per share view $0.25 -- Thomson Reuters I/B/E/S.Boyd gaming corp - ‍for full year 2017, co reaffirms previously provided guidance of total adjusted EBITDA of $585 million to $605 million​.  Full Article

Boyd Gaming Q4 adjusted EPS $0.38
Tuesday, 14 Feb 2017 

Boyd Gaming Corp : For full year 2017, boyd gaming projects total adjusted ebitda of $585 million to $605 million . Boyd gaming reports fourth-quarter, full-year 2016 results . Q4 adjusted earnings per share $0.38 . Q4 earnings per share $0.11 including items . Q4 revenue $554.8 million versus i/b/e/s view $560.7 million . Q4 earnings per share $0.10 from continuing operations .Q4 earnings per share view $0.24 -- Thomson Reuters I/B/E/S.  Full Article

Boyd Gaming Q2 adj shr $0.16
Wednesday, 3 Aug 2016 

Boyd Gaming Reports Second : Q2 adjusted earnings per share $0.16 . Q2 earnings per share view $0.30 -- Thomson Reuters I/B/E/S . Q2 earnings per share $0.26 including items . Quarter 2016 results . Q2 revenue $544.9 million versus i/b/e/s view $558.7 million . Q2 earnings per share $0.10 from continuing operations . Sees wholly-owned fy 2016 adjusted ebitda of $535-$555 million, including anticipated q4 contributions from aliante and cannery properties .Excluding pending acquisitions, projects wholly-owned fy 2016 adjusted ebitda of $535 million to $545 million.  Full Article

Boyd Gaming to sell its 50% interest in Borgata
Tuesday, 31 May 2016 

Boyd Gaming Corp - : Boyd Gaming Corp says Borgata estimates that it is entitled to property tax refunds totaling $180 and estimates for open tax appeals .Boyd gaming to sell its 50% interest in Borgata.  Full Article

MGM Resorts, MGM Growth Properties to buy Borgata Hotel Casino & Spa
Tuesday, 31 May 2016 

MGM Resorts International : MGM Resorts International and MGM Growth Properties LLC announce transactions to acquire Borgata Hotel Casino & Spa . MGM Resorts will pay approximately $600 million for Boyd Gaming's 50 percent interest . Borgata to be added to existing master lease between MGM Resorts and MGP, initial rent payment to MGP to increase by $100 million . Following completion of acquisition of Boyd Gaming's interest, MGP will acquire Borgata's real property from MGM Resorts . Says expect transaction to result in high single digit percentage accretion to AFFO per share . Deal for $900 million . Expects to fund acquisition of Borgata Real and assumption of related debt with a combination of existing cash on hand . MGM Resorts international says to acquire Boyd Gaming Corporation's 50 percent interest in Borgata Hotel Casino & Spa .MGP to lease back real property to a unit of Mgm Resorts, after which a subsidiary of MGM Resorts will operate Borgata.  Full Article

Boyd Gaming Corp to acquire Las Vegas assets of Cannery Casino Resorts
Monday, 25 Apr 2016 

Boyd Gaming Corp:Boyd Gaming to acquire Las Vegas assets of Cannery Casino Resorts.Deal for total cash consideration of $230 million.Expects acquisition to be cash flow positive and accretive to earnings per share in its first full year of ownership.Says transaction will be funded with cash on hand.  Full Article

Fitch: Boyd Gaming's Rating Unaffected by Acquisition of Valley Forge

(The following statement was released by the rating agency) NEW YORK, December 21 (Fitch) Boyd Gaming Corporation's (BYD); 'B+' Issuer Default Rating (IDR) is not affected by the debt-funded $281 million acquisition of Valley Forge Casino Resort, according to Fitch Ratings. Fitch recently revised BYD's Rating Outlook to Stable from Positive following the announced acquisition of four gaming operations owned by Pinnacle Entertainment, Inc. (PNK). The Valley Forge acquisition fits within the conte