Boyd Gaming Appoints Michael Hartmeier to Board of Directors

Rhea-AI Summary

Boyd Gaming (NYSE: BYD) has appointed Michael A. Hartmeier to its Board of Directors. Hartmeier brings extensive experience in investment banking, having led lodging, gaming, and leisure investment banking at Barclays and held key positions at Lehman Brothers and Credit Suisse First Boston. Over his 25-year career, he has facilitated over $125 billion in financing and advisory services, particularly for gaming companies. Currently, Hartmeier serves on the Board of DiamondRock Hospitality Company and has prior experience with Full House Resorts. Boyd Gaming operates 28 gaming properties across 10 states, manages a tribal casino in California, and holds a 5% equity stake in FanDuel Group.

Positive

• Appointment of Michael A. Hartmeier with 25 years of investment banking expertise.
• Hartmeier's experience includes over $125 billion in financing and advisory for gaming companies.
• Expansion of the Board with a member experienced in lodging, gaming, and leisure sectors.
• Hartmeier's current role on the Board of DiamondRock Hospitality, adding additional sector insight.
• Boyd Gaming operates 28 gaming properties in 10 states, enhancing geographical diversification.
• Boyd Gaming holds a 5% equity stake in FanDuel Group, a leader in sports betting.
• The company manages a tribal casino in California, diversifying its operational portfolio.

Negative

• No immediate financial impact or projected revenue increase mentioned with the new appointment.
• Potential risks if Hartmeier's strategies do not align with company goals or market conditions.
• No details on how Hartmeier's appointment will influence short-term stock performance.

LAS VEGAS--(BUSINESS WIRE)-- Boyd Gaming Corporation (NYSE: BYD) today announced the appointment of Michael A. Hartmeier to its Board of Directors.

Hartmeier is the former group head of lodging, gaming and leisure investment banking for Barclays, and previously served as group head for hospitality and gaming for both Lehman Brothers and Credit Suisse First Boston. During his 25-year career in investment banking, Hartmeier completed more than $125 billion in financing and advisory assignments, including work for numerous gaming companies.

Hartmeier is currently a member of the Board of Directors for DiamondRock Hospitality Company, a self-advised real estate investment trust with a portfolio of premium hotels and resorts nationwide. Hartmeier also previously served as a member of the Board of Directors of Full House Resorts, Inc., a regional casino operator.

About Boyd Gaming

Founded in 1975, Boyd Gaming Corporation (NYSE: BYD) is a leading geographically diversified operator of 28 gaming entertainment properties in 10 states, manager of a tribal casino in northern California, and owner and operator of Boyd Interactive, a B2B and B2C online casino gaming business. The Company is also a strategic partner and 5% equity owner of FanDuel Group, the nation's leading sports-betting operator. With one of the most experienced leadership teams in the casino industry, Boyd Gaming prides itself on offering guests an outstanding entertainment experience and memorable customer service. Through a long-standing company philosophy called Caring the Boyd Way, Boyd Gaming is committed to advancing Corporate Social Responsibility (CSR) initiatives that positively impact the Company's stakeholders and communities. For additional Company information and press releases, visit https://investors.boydgaming.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240610590666/en/

Financial Contact:

Josh Hirsberg

(702) 792-7234

joshhirsberg@boydgaming.com

Media Contact:

David Strow

(702) 792-7386

davidstrow@boydgaming.com

Source: Boyd Gaming Corporation

FAQ

Who has Boyd Gaming appointed to their Board of Directors?

Boyd Gaming appointed Michael A. Hartmeier to their Board of Directors.

What is Michael Hartmeier's background?

Michael Hartmeier has a 25-year career in investment banking, focusing on lodging, gaming, and leisure sectors.

What companies has Michael Hartmeier worked with?

Michael Hartmeier worked with Barclays, Lehman Brothers, and Credit Suisse First Boston.

What is the stock symbol for Boyd Gaming?

The stock symbol for Boyd Gaming is BYD.

How many gaming properties does Boyd Gaming operate?

Boyd Gaming operates 28 gaming properties across 10 states.

Does Boyd Gaming have any stake in sports betting companies?

Yes, Boyd Gaming holds a 5% equity stake in FanDuel Group.

What roles has Michael Hartmeier held in the past?

Michael Hartmeier was group head for lodging, gaming, and leisure investment banking at Barclays, Lehman Brothers, and Credit Suisse First Boston.

Which board does Michael Hartmeier currently serve on?

Michael Hartmeier currently serves on the Board of DiamondRock Hospitality Company.