September 19, 2014 11:25 PM ET

Hotels, Restaurants and Leisure

Company Overview of Boyd Gaming Corporation

Company Overview

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in the United States. The company operates in five segments: Las Vegas Locals, Downtown Las Vegas, Midwest and South, Peninsula, and Borgata. It owns and operates 21 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, and New Jersey. The company also owns and operates a travel agency in Hawaii; and the Borgata Hotel Casino and Spa in Atlantic City, New Jersey. As of December 31, 2013, it owned and operated 1,254,111 square feet of casino space comprising 31,400 slot machines, 769 table games, and 11,418 hotel rooms. Boyd Gaming Cor...

3883 Howard Hughes Parkway

Ninth Floor

Las Vegas, NV 89169

United States

Founded in 1988

24,207 Employees

Phone:

702-792-7200

Key Executives for Boyd Gaming Corporation

Chief Executive Officer
Age: 53
Total Annual Compensation: $1.1M
Executive Chairman
Age: 83
Total Annual Compensation: $1.3M
Chief Financial officer
Age: 52
Total Annual Compensation: $485.0K
Compensation as of Fiscal Year 2013.

Boyd Gaming Corporation Key Developments

Boyd Gaming Corporation Announces Executive Change

Boyd Gaming Corporation announced that Chief Operating Officer Paul Chakmak will leave the company, effective September 19, 2014. Keith Smith, President and Chief Executive Officer, will assume Chakmak's responsibilities.

Boyd Gaming Corporation Presents at Credit Suisse 3rd Annual Gaming, Lodging, Leisure & Restaurants Conference, Aug-06-2014

Boyd Gaming Corporation Presents at Credit Suisse 3rd Annual Gaming, Lodging, Leisure & Restaurants Conference, Aug-06-2014 . Venue: New York, United States.

Boyd Gaming Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Revises Earnings Guidance for the Full Year 2014

Boyd Gaming Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net revenue of $722.53 million compared to $738.75 million a year ago. Income from continuing operations before income taxes was $10.58 million compared to loss from continuing operations before income taxes of $10.60 million a year ago. Income from continuing operations, net of tax was $5.34 million or $0.01 per diluted share compared to loss from continuing operations, net of tax of $6.49 million a year ago. Net income attributable to the company was $669,000 or $0.01 per diluted share compared to $11.63 million or $0.13 per diluted share a year ago. Adjusted EBITDA was $160.59 million compared to $160.19 million a year ago. Adjusted earnings were $5.21 million or $0.01 per share compared to $128,000 or $0.00 per diluted share a year ago. For the six months, the company reported net revenue of $1,430.88 million compared to $1,474.33 million a year ago. Income from continuing operations before income taxes was $4.20 million compared to loss from continuing operations before income taxes of $23.68 million a year ago. Loss from continuing operations, net of tax was $5.89 million or $0.05 per diluted share compared to loss from continuing operations, net of tax of $17.16 million or $0.07 per diluted share a year ago. Net income attributable to the company was $5.51 million or $0.05 per diluted share compared to $4.34 million or $0.05 per diluted share a year ago. Net cash provided by operating activities was $152 million compared to $208 million a year ago. Capital expenditures were $75 million compared to $65 million a year ago. Adjusted EBITDA was $305.06 million compared to $323.66 million a year ago. Adjusted earnings were $1.10 million or $0.05 per share compared to $1.28 million or $0.07 per diluted share a year ago. The company revised earnings guidance for the full year 2014. For the full-year 2014, the company now projects total adjusted EBITDA of $580 million to $600 million. This revised guidance assumes that results for the third and fourth quarter will be similar to comparable periods last year. For the year, the company expects to spend for capital expenditures of $120 million between Boyd and Peninsula and another $25 million at Borgata.

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