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Boyd Gaming Corporation (NYSE:BYD) up by 1.63% in today’s trade

Boston, MA 04/04/2013 (wallstreetpr) – Boyd Gaming Corp (NASDAQ:BYD), in association with its subsidiaries, is a multi-jurisdictional gaming company in the United States. With a huge subsidiary base, Boyd gaming operates in five distinct segments – Downtown Las Vegas, Las Vegas Locals, Peninsula Gaming, Midwest and South, and Atlantic City. The company owns and operates twenty one gaming entertainment properties in Illinois, Nevada, Mississippi, Indiana, Iowa, Kansas, Louisiana, and New Jersey. Boyd Gaming also owns a pari-mutuel jai-alai facility that is located at Dania Beach, Florida. In addition to this, it owns a travel agency in Hawaii and the Borgata Hotel Casino and Spa in Atlantic City. As of year-end 2012, the company owned and operated 1,255,576 square feet of casino space, which includes 758 table games, 31,577 slot machines, and 11,416 hotel rooms.

Despite of weak earnings per share, there are silver linings for Boyd Gaming. It has successfully shed off its two underperforming assets in Echelon and Dania Jai-Alai. Moreover, it continues to outperform in popularity than other hyped online gambling beneficiaries with its license for online gambling in two states that comes as a part of its assets. On the other hand, if other online gambling beneficiaries have to get a license, it will be expensive for them because they have to invest in buying a casino. Furthermore, additional asset sales lined up in the year are expected to push the share prices up in the coming quarters.

BYD stocks are anytime a better buy as compared to its competitors in the market who either don’t have a license for online gambling or have a dreadful balance sheet.

Published by Nicholas Maithya

Nicholas is a Financial Analyst by profession, who enjoys writing about investments, technological developments, business, economics and other financial topics at various financial publications. Join him here on Wallstreetpr.com as he endeavors to deliver to you the latest breaking news on the above mentioned fronts. Contact him by email at [email protected] or follow Nicholas Kitonyi @nmaithyak on Twitter.



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