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Boyd Gaming Corp (BYD.N)

BYD.N on New York Stock Exchange

24.77USD
4:02pm EDT
Change (% chg)

$-0.27 (-1.08%)
Prev Close
$25.04
Open
$24.98
Day's High
$25.02
Day's Low
$24.53
Volume
394,643
Avg. Vol
296,764
52-wk High
$27.00
52-wk Low
$16.77

Latest Key Developments (Source: Significant Developments)

Boyd Gaming Q4 adjusted EPS $0.38
Tuesday, 14 Feb 2017 04:05pm EST 

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 04:05pm EDT 

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 04:13pm EDT 

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 04:10pm EDT 

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 04:05am EDT 

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

Boyd Gaming to acquire Aliante Casino Hotel And Spa
Thursday, 21 Apr 2016 04:05pm EDT 

Boyd Gaming Corp:Entered into a definitive agreement to acquire ALST Casino Holdco, LLC, the holding company of Aliante Casino Hotel and Spa, for total net cash consideration of $380 million.Company expects the transaction to be cash flow positive and accretive to earnings per share during its first full year of ownership.  Full Article

Boyd Gaming Corp announces pricing of 6.375% senior notes due 2026; offering size increased to $750 million
Tuesday, 22 Mar 2016 04:58pm EDT 

Boyd Gaming Corp:Has priced an offering of senior notes due 2026.Aggregate principal amount of notes to be issued in the offering is $750 million.Notes will bear interest at a rate of 6.375% per annum.Closing of offering is expected to occur on March 28.Expects to receive approximately $738.5 million in net proceeds.Intends to use the net proceeds from the notes offering in the future for working capital and general corporate purposes.  Full Article

Boyd Gaming Corp raises FY 2015 EBITDA guidance
Thursday, 22 Oct 2015 04:05pm EDT 

Boyd Gaming Corp:Raises its previously provided guidance for FY 2015.Projects FY 2015 adjusted EBITDA, including 50% of Borgata's adjusted EBITDA, of $610 million to $620 million.FY 2015 EBITDA of $589 million - Thomson Reuters I/B/E/S.  Full Article

Fitch Affirms Boyd Gaming's IDR at 'B+'; Outlook to Positive

(The following statement was released by the rating agency) NEW YORK, August 04 (Fitch) Fitch Ratings has affirmed Boyd Gaming Corp.'s (Boyd, BYD) Issuer Default Rating (IDR) at 'B+'. In addition, Fitch has affirmed Boyd's senior secured credit facility at 'BB+/RR1' and senior unsecured notes at 'B+/RR4'. The Rating Outlook was revised to Positive from Stable due to Fitch's expectation Boyd will de-lever below 5.0x gross leverage in the next one-two years through a combination of EBITDA growth a