Boyd Gaming Corporation - BYD STOCK NEWS

Boyd Gaming Corporation (NYSE: BYD) reported strong financial results for Q1 2023, with revenues of $964.0 million, a 12.0% increase from $860.7 million in Q1 2022. Net income rose to $199.7 million or $1.93 per share, up from $162.9 million or $1.45 per share the previous year. Total Adjusted EBITDAR reached $367.1 million, marking an 8.4% growth year-over-year. The outstanding performances in Nevada properties were driven by increased tourism and core customer play. Online operations more than doubled, and the company’s growth initiatives contributed significantly to its performance. Additionally, Boyd Gaming raised its quarterly dividend to $0.16 per share and repurchased approximately $106 million in stock during the quarter.

Boyd Gaming Corporation (NYSE: BYD) has released its 2022 Environmental, Social and Corporate Governance (ESG) report, highlighting significant advancements in its ESG initiatives. The report reveals reductions in energy consumption by over 31% from 2017, greenhouse gas emissions down nearly 35%, and water usage reduced by over 30%. Boyd diverted 4.5 million pounds of waste from landfills, achieving a 53.6% diversion rate. The workforce diversity improved, with 63% of new hires being minorities and nearly 55% being females. Furthermore, the company contributed approximately $45 million to non-profits over the past three years.

Boyd Gaming Corporation (NYSE: BYD) has scheduled a conference call to discuss its first-quarter 2023 results on Tuesday, April 25, 2023, at 5:00 p.m. Eastern Time. Investors can join the call using the number (833) 470-1428, with additional options for Canadian and international callers. The results will be reported shortly after 4:00 p.m. on the same day. A replay of the call will be available from April 25 until May 2, 2023. Boyd Gaming, founded in 1975, operates 28 gaming properties across 10 states and is a partner of FanDuel Group, a leading sports-betting operator.

Boyd Gaming Corporation (NYSE: BYD) has announced an increase in its quarterly dividend from $0.15 to $0.16 per share. The new dividend will be payable on April 15, 2023, to shareholders who are on record as of March 15, 2023. This decision reflects the company's ongoing commitment to returning value to its shareholders while maintaining a robust operational performance across its 28 gaming properties located in 10 states.

Boyd Gaming Corporation (NYSE: BYD) reported strong financial results for Q4 and FY 2022, achieving record revenue of $922.9 million for Q4, up from $879.8 million in Q4 2021. Net income for the quarter surged to $172.7 million, or $1.63 per share, compared to $109.8 million, or $0.96 per share, in the previous year. For the full year, revenues reached $3.56 billion, with net income of $639.4 million, or $5.87 per share. Key growth drivers included robust performance in Nevada, online gaming expansions, and the acquisition of Pala Interactive. Boyd Gaming also returned significant capital to shareholders with nearly $600 million in share buybacks and dividends in 2022.

Boyd Gaming Corporation (NYSE: BYD) will hold a conference call on February 2, 2023 at 5:00 p.m. Eastern to discuss its fourth-quarter and full-year 2022 results. Investors can join the call by dialing (844) 200-6205 or by accessing it online through Boyd Gaming's investor site. A replay will be available after the call until February 9. Boyd Gaming operates 28 gaming properties and is a partner in FanDuel Group, focusing on exceptional guest experiences and ESG initiatives.

FanDuel Group and Boyd Gaming have launched mobile sports betting in Ohio, effective January 1, 2023, with the FanDuel Sportsbook app now available. A retail sportsbook at Belterra Park Cincinnati will open at 9 a.m. ET on the same day. T.J. Houshmandzadeh will place the ceremonial first bet on January 5. The sportsbook venue will feature numerous amenities, including HD televisions and self-service kiosks. Ohio marks the 18th state for FanDuel's mobile sports betting and expands the Boyd-FanDuel partnership to eight states, enhancing the company's footprint in the growing sports wagering market.

Boyd Gaming Corporation (NYSE: BYD) has declared a quarterly cash dividend of $0.15 per share, payable January 15, 2023. Shareholders on record as of December 19, 2022 will receive this dividend. Boyd Gaming operates 28 gaming properties across 10 states and owns a 5% equity stake in FanDuel Group, enhancing its market position in the gaming industry.

Boyd Gaming Corporation (NYSE: BYD) has finalized its acquisition of Pala Interactive LLC for a total cash consideration of $170 million. This strategic move is aimed at enhancing Boyd's online casino gaming capabilities, leveraging Pala's technology and expertise. CEO Keith Smith emphasized that this acquisition will bolster Boyd's existing land-based operations and expand its customer base across the region. This acquisition reflects Boyd's commitment to exploring growth opportunities within the online gaming sector.