Profile: Boyd Gaming Corp (BYD.N)
17 May 2019
Boyd Gaming Corporation, incorporated on June 8, 1988, is a multi-jurisdictional gaming company. The Company operated 24 wholly owned gaming entertainment properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana and Mississippi, as of September 18, 2018. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest and South. It owns and operates a travel agency and a captive insurance company that underwrites travel-related insurance, each located in Hawaii. It also owns and operates Forge Casino Resort in King of Prussia, Pennsylvania.
Las Vegas Locals
The Company's Las Vegas Locals segment consisted of nine casinos that primarily served the resident population of the Las Vegas metropolitan area, as of September 18, 2018. It includes properties, such as Gold Coast Hotel and Casino (Gold Coast), The Orleans Hotel and Casino (The Orleans), Sam's Town Hotel and Gambling Hall (Sam's Town Las Vegas), Suncoast Hotel and Casino (Suncoast), Eastside Cannery Casino and Hotel, Aliante Casino + Hotel + Spa (Aliante), Cannery Casino Hotel and Eldorado Casino (Eldorado) and Jokers Wild Casino (Jokers Wild).
Gold Coast was located approximately one mile west of the Las Vegas Strip and one-quarter mile west of Interstate 15, as of September 18, 2018. The primary target market for Gold Coast consists of local middle-market customers gambling. Gold Coast's amenities included 712 hotel rooms and suites along with meeting facilities, multiple restaurant options, a 70-lane bowling center and gaming, including slots, table games, a race and sports book, and a bingo center, as of September 18, 2018.
The Orleans' target markets include local residents and visitors to the Las Vegas area. Amenities at The Orleans included 1,885 hotel rooms, a range 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 seated up to 9,500 patrons, as of September 18, 2018.
Sam's Town Las Vegas was located approximately six miles east of the Las Vegas Strip, and featured a contemporary western theme, as of September 18, 2018. Amenities at Sam's Town Las Vegas included 645 hotel rooms, a range of restaurants and bars, 18 stadium-seating movie theaters and a 56-lane bowling center, as of September 18, 2018.
Suncoast's primary target market consists of local middle-market customers gambling frequently. Suncoast was a Mediterranean-themed facility that featured 427 hotel rooms, multiple restaurant options, 25,000 square feet of banquet and meeting facilities, 16 stadium-seating movie theaters and a 64-lane bowling center, as of September 18, 2018.
Eastside Cannery Casino and Hotel is located south of Sam's Town Las Vegas. Eastside Cannery Casino and Hotel had a 63,879-square-foot casino, 306 hotel rooms, five restaurants and four bars, 20,000 square feet of meeting and ballroom space, and a 250-seat entertainment lounge, as of September 18, 2018.
Aliante's primary target market consists of local high-end customers gambling frequently. Aliante featured a full-service Scottsdale-modern, desert-inspired casino and resort which included 202 hotel rooms, multiple restaurant options, 82,000 square feet of gaming space, 200 seat bingo room, 16-screen movie theater complex, 650 seat showroom, spa and resort style pool with cabanas, as of September 18, 2018.
Cannery Casino Hotel primary target market consists of local, casual working class customers gambling frequently. The Cannery Casino Hotel had an 86,000-square-foot casino, a 199-room hotel, five restaurants and five bars, a 30,000 square foot entertainment venue and a 14-screen movie theater, as of September 18, 2018.
Eldorado was approximately 14 miles from the Las Vegas Strip, as of September 18, 2018. Jokers Wild is located in Henderson. The amenities at each of these properties include a sports book and dining options, as well as gaming, including slots at both properties and table games at Jokers Wild. The principal customers of these properties are Henderson residents.
Downtown Las Vegas
Through its Hawaiian travel agency, Vacations Hawaii, it operated as many as four charter flights from Honolulu to Las Vegas each week, which helped provide air transportation for its customers, as of September 18, 2018. The Downtown Las Vegas segment includes three properties, such as California Hotel and Casino (Cal), Fremont Hotel and Casino (Fremont) and Main Street Station Casino, Brewery and Hotel (Main Street Station).
The Company's Cal's amenities included 781 hotel rooms, multiple dining options, a sports book and meeting space, as of September 18, 2018. The Cal and Main Street Station are connected by an indoor pedestrian bridge. The Company's Fremont properties amenities included 447 hotel rooms, a race and sports book, and meeting space, as of September 18, 2018.
Main Street Station's amenities included 406 hotel rooms and three restaurants, one of which included a brewery, as of December 31, 2016. In addition, Main Street Station featured a 96-space recreational vehicle park, as of September 18, 2018.
Midwest and South Properties
Its Midwest and South properties consisted of three land-based casinos, five dockside riverboat casinos, two racinos and two barge-based casinos that operated in six states in the Midwest and southern United States, as of September 18, 2018. Its properties include Par-A-Dice Hotel Casino (Par-A-Dice), Blue Chip Casino Hotel & Spa (Blue Chip), Diamond Jo Dubuque, Diamond Jo Worth, Kansas Star Casino, Amelia Belle Casino, Delta Downs Racetrack Casino & Hotel (Delta Downs), Evangeline Downs, Sam's Town Hotel and Casino (Sam's Town Shreveport), Treasure Chest Casino (Treasure Chest), IP Casino Resort Spa (IP), Sam's Town Hotel and Gambling Hall (Sam's Town Tunica), Diamond Jo Worth, Kansas Star Casino, Amelia Belle Casino, Delta Downs Racetrack Casino & Hotel (Delta Downs), Evangeline Downs, Sam's Town Hotel and Casino (Sam's Town Shreveport) and Treasure Chest Casino (Treasure Chest).
Par-A-Dice was a dockside riverboat casino located on the Illinois River in East Peoria, Illinois that featured a 202-room hotel, as of September 18, 2018. Located adjacent to the Par-A-Dice riverboat was a land-based pavilion, which included three restaurants, a cocktail lounge and a gift shop, as of September 18, 2018.
Blue Chip is a dockside riverboat casino located in Michigan City, Indiana. The property featured 486 guest rooms, a spa and fitness center, dining and nightlife venues, and meeting and event space, which included a land based pavilion, as of September 18, 2018.
Diamond Jo Dubuque is a land-based casino located in the Port of Dubuque. Diamond Jo Dubuque was a two-story, approximately 188,000 square foot property that included 951 slot machines and 20 table games, as of December 31, 2016. Additional amenities included a 30-lane bowling center, a 33,000 square foot event center and two banquet rooms, as of September 18, 2018. The property also featured five dining outlets, including the Kitchen Buffet, a 190-seat live action buffet; Woodfire Grille, the casino's 118-seat high-end restaurant, and Mojo's, a 122-seat sports bar, a deli and a snack shop, as well as three full service bars along with Mississippi Moon Bar, a live music venue, as of September 18, 2018.
Diamond Jo Worth was a land-based casino situated on a 36-acre site in Northwood, Iowa, which is located in north-central Iowa, approximately 30 miles north of Mason City, as of September 18, 2018. The casino had 962 slot machines and 32 table games in operation, as well as a 5,200 square foot event center and several dining options, including the Kitchen Buffet, a 190-seat buffet restaurant, and Woodfire Grille, a 114-seat high-end restaurant, as of September 18, 2018.
Kansas Star Casino serves as Lottery Gaming Facility Manager for the South Central Gaming Zone on behalf of the Kansas Lottery pursuant to the Lottery Gaming Facility Management Contract (the Kansas Management Contract). The casino was located in Mulvane, Kansas, approximately 20 miles south of Wichita, Kansas and had 1,772 slot machines, 52 table games, a 250-seat buffet, a 140-seat steakhouse and a number of other amenities including a deli, noodle bar and casino bars, as of December 31, 2016. Kansas Star Casino also had a 162,000 square foot arena designed to host various events, including concerts, trade shows and equestrian events, as of September 18, 2018. In addition, the property has an event center for conventions, banquets and other events and an equestrian pavilion that includes a practice arena and covered stalls.
The Amelia Belle Casino was located in south-central Louisiana, and was a three-level riverboat with gaming located on the first two decks, and included 838 slot machines and 15 table games, as of December 31, 2016. The third deck of the riverboat included a 140-seat buffet and banquet room as of September 18, 2018.
Delta Downs is located in Vinton, Louisiana, and conducts horse races on a seasonal basis and operates year-round simulcast facilities for customers to wager on races held at other tracks. In addition, Delta Downs offered slot play and a 370-room hotel, as of September 18, 2018.
The Evangeline Downs is a land-based racino located in Louisiana. The racino included a casino with 1,360 slot machines and a 23,000 square foot convention center, as of December 31, 2016. The racino featured multiple food venues, including The Cajun Buffet, a 300-seat buffet; Cafe 24/7, an 89-seat restaurant; The Spotted Horse Tavern and Dining Parlor, a 132-seat restaurant and tavern, and Fast and Lucy's Pub, a 110-seat restaurant and bar, as of September 18, 2018. The racino included a one-mile dirt track, a 7/8-mile turf track and stables for 980 horses, as of December 31, 2016. The Clubhouse, together with the grandstand and patio area, provided seating capacity for up to 4,295 patrons, as of December 31, 2016. In the Clubhouse, Silk's Fine Dining offers a varied menu and the grandstand area contains a concession and bar. Evangeline Downs operated three Off Track Betting (OTB) locations, as of September 18, 2018.
Sam's Town Shreveport is a dockside riverboat casino located along the Red River in Shreveport, Louisiana. Amenities at the property included 514 hotel rooms, a spa, four restaurants, a live entertainment venue, and convention and meeting space, as of September 18, 2018. Feeder markets include east Texas, Texarkana, Arkansas and surrounding Louisiana cities, including Bossier City, Minden, Ruston and Monroe.
Treasure Chest is a dockside riverboat casino located on Lake Pontchartrain in the western suburbs of New Orleans, Louisiana. The property had a capacity for 1,750 people, as of September 18, 2018. The entertainment complex located adjacent to the riverboat housed a 140-seat Caribbean showroom and two restaurants, as of September 18, 2018.
IP featured more than 1,000 hotel rooms and suites; 81,733-square-feet of casino space with 1,595 slot machines and 57 table games; more than 65,000 square feet of convention and meeting space; a spa and salon; a 1,400-seat theater, which offered regular headline entertainment; six lounges and bars, and eight restaurants, which included a steak and seafood restaurant, and an Asian restaurant, as of September 18, 2018. Sam's Town Tunica is a barge-based casino located in Tunica County, Mississippi. The property had amenities, including 842 hotel rooms, an entertainment lounge, four dining venues, and the 1,600-seat River Palace Arena, as of September 18, 2018.
Boyd Gaming Corp
3883 Howard Hughes Pkwy Fl 9th
LAS VEGAS NV 89169-0974