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Boyd Gaming Corp (BYD.N)

BYD.N on New York Stock Exchange

28.70USD
20 Oct 2017
Change (% chg)

$0.30 (+1.06%)
Prev Close
$28.40
Open
$28.57
Day's High
$28.90
Day's Low
$28.39
Volume
252,185
Avg. Vol
307,796
52-wk High
$28.90
52-wk Low
$16.77

Latest Key Developments (Source: Significant Developments)

Boyd Gaming Q2 earnings per share $0.24 from continuing operations
Thursday, 27 Jul 2017 04:05pm EDT 

July 27 (Reuters) - Boyd Gaming Corp :Boyd Gaming reports second-quarter 2017 results.Q2 adjusted earnings per share $0.26.Q2 earnings per share $0.42 including items.Q2 revenue $599.9 million versus I/B/E/S view $602.2 million.Q2 earnings per share view $0.33 -- Thomson Reuters I/B/E/S.Q2 earnings per share $0.24 from continuing operations.Boyd Gaming Corp - for full year 2017, boyd gaming reaffirms its previously provided guidance of total adjusted ebitda of $585 million to $605 million..  Full Article

Boyd Gaming Q1 earnings per share $0.31 from continuing operations
Tuesday, 2 May 2017 04:05pm EDT 

May 2 (Reuters) - Boyd Gaming Corp :Boyd Gaming reports first-quarter 2017 results; company reinstates dividend, reaffirms share repurchase program.Q1 adjusted earnings per share $0.32.Q1 earnings per share $0.31 from continuing operations.Q1 revenue $605.3 million versus I/B/E/S view $604.7 million.Q1 earnings per share view $0.31 -- Thomson Reuters I/B/E/S.Says reaffirms previously provided FY 2017 guidance of total adjusted EBITDA of $585 million to $605 million.Says has authorized reinstatement of company's cash dividend program, with an initial quarterly payment of $0.05 per share.Says announced initial quarterly dividend payment of $0.05 per share.Says board also reaffirmed company's existing share repurchase program, which has $92 million remaining.  Full Article

Boyd Gaming Corp entered into amendment no. 2 and refinancing amendment - SEC Filing
Friday, 31 Mar 2017 04:31pm EDT 

Boyd Gaming Corp : Boyd Gaming Corp says on March 29, 2017, co entered into amendment no. 2 and refinancing amendment - SEC Filing .Boyd Gaming Corp says amended credit agreement provides for commitments to make Term B loans in an amount equal to $1.3 billion.  Full Article

Boyd Gaming CEO Keith Smith's FY 2016 total compensation $7.4 mln vs $8.4 mln
Tuesday, 14 Mar 2017 04:49pm EDT 

Boyd Gaming Corp : CEO Keith Smith's FY 2016 total compensation $7.4 million versus $8.4 million in FY 2015 - SEC filing .Chairman William Boyd's FY 2016 total compensationi $3.5 million versus $4.2 million in FY 2015.  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

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