It was announced yesterday that MGM Resorts International will buy the remaining 50 percent stake in Borgata that it didn’t already own from Boyd Gaming. This announcement had been anticipated ever since MGM regained a license to operate in Atlantic… Continue Reading
Palms Las Vegas has been sold to Station Casinos. This marks the latest move by Las Vegas locals casinos to consolidate their competitive positions. There are fewer unlimited gaming licenses held by independent operators in Las Vegas compared to a… Continue Reading
Boyd Gaming has announced it is purchasing the Aliante Hotel in North Las Vegas for $380 million. Rumours are also circulating online that Boyd is close to announcing the purchase of Cannary Resorts for about $240 million. These two acquisitions… Continue Reading
Big news for Casino watchers was announced by Pinnacle Entertainment, as they plan to create a Real Estate Investment Trust (REIT) to separate their real estate from the operating company. Shareholders will receive REIT units in a tax-free spin-off sometime in… Continue Reading
How low have expectations for Boyd Gaming sunk when the CEO can claim on the latest earnings conference call that “This was a solid quarter for our operations” and “Growth resumed in our Nevada business, as our Las Vegas Locals and Downtown… Continue Reading
Yesterday I attended the PGA Tour Shriner’s Hospital Open at TPC Summerlin. The only time I have ever been close to playing TPC Summerlin was as a kid playing it on Links LS. Its a pretty nice course and challenging,… Continue Reading
Boyd Gaming today announced that Chief Operating OfficerPaul Chakmak will leave the Company, effective September 19. Keith Smith, President and Chief Executive Officer, will assume Chakmak’s responsibilities. Smith said: “Paul helped strengthen our financial organization as Chief Financial Officer, and… Continue Reading
The article below highlights the potential growth of online gaming for Boyd Gaming, especially since the Borgata leads NJ online revenue. But boosters of online gaming revenue fail to notice that online revenues represent a tiny fraction of Boyd’s overall… Continue Reading
