Boyd Gaming Corporation is an American gaming and

hospitality Hospitality is the relationship between a guest and a host, wherein the host receives the guest with some amount of goodwill, including the reception and entertainment of guests, visitors, or strangers. Louis, chevalier de Jaucourt describes ...

company based in Paradise, Nevada. The company continues to be run by founder

Sam Boyd Samuel A. Boyd (April 23, 1910 – January 15, 1993) was an American entrepreneur, casino manager and developer. He was noted for introducing successful marketing, gambling and entertainment innovations into the casino gambling industry, as w ...

's family under the management of Sam's son, Bill Boyd (born 1931), who currently serves as the company's executive chairman after retiring as CEO in January 2008. As of 2021, Boyd operates 28 properties with a total of 10,751 hotel rooms and of casino space with 31,635

slot machine A slot machine (American English), fruit machine (British English) or poker machine (Australian English and New Zealand English) is a gambling machine that creates a game of chance for its customers. Slot machines are also known pejoratively a ...

s and 686 table games. Gaming revenue is 80% of total gross revenue.

History

Boyd Gaming's history dates to 1941, when founder Sam Boyd first arrived in Las Vegas with his family. After being hired as a dealer, Sam Boyd worked his way up through the ranks of the Las Vegas casino industry, first to pit boss, then shift boss. He eventually saved enough to buy a small interest in the

Sahara Hotel and Casino Sahara Las Vegas is a hotel and casino located on the Las Vegas Strip in Winchester, Nevada. It is owned and operated by the Meruelo Group. The hotel has 1,616 rooms, and the casino contains . The Sahara anchors the northern end of the Las Vegas ...

; later, Sam Boyd left the Sahara to become general manager and partner of

The Mint Las Vegas The Mint Las Vegas was a hotel and casino in downtown Las Vegas, Nevada. The Mint was the sponsor of the Mint 400, the largest off road race from the mid-1960s to the mid-1980s. The Mint was made famous (or infamous) as the first night's stay ...

. Sam Boyd first partnered with his son Bill in 1962, when the two teamed up to acquire the

Eldorado Casino The Pass Casino, formerly the Eldorado Casino, is a casino in Henderson, Nevada, owned and operated by DeSimone Gaming. First opened in 1961, it was owned by Boyd Gaming from 1993 to 2020. The casino has over 350 slot machines, 6 table game ...

in Henderson, Nevada. Bill, who was then a practicing attorney, acquired his first stake in the Eldorado by doing its legal work. Sam would go on to manage the Eldorado full-time after the Mint was sold in 1968. Boyd Gaming headquarters 2

Although the Boyd family had been involved in the Las Vegas casino industry for decades, Boyd Gaming Corporation wasn't founded until January 1, 1975, when the company was formed to develop and operate the California Hotel and Casino in downtown Las Vegas. Then known as the Boyd Group, the company initially had 75 investors. Boyd Gaming embarked on its first expansion in 1979, when it opened the first

Sam's Town Hotel and Gambling Hall Sam's Town Hotel and Gambling Hall, commonly shortened to Sam's Town, is a casino brand owned by Boyd Gaming, named after its founder, Sam Boyd (1910–1993). Five properties have carried the Sam's Town name; three remain owned and operated by Bo ...

-branded property; Sam's Town Las Vegas on

Boulder Highway State Route 582 (SR 582) is a major highway in the Las Vegas Valley. The highway is the former route of U.S. Route 93 (US 93) and US 95 (and, historically, US 466) before they were moved to the current freeway alignment shar ...

at Nellis Boulevard. Considered one of the first "locals" properties in the

Las Vegas Valley The Las Vegas Valley is a major metropolitan area in the southern part of the U.S. state of Nevada, and the second largest in the Southwestern United States. The state's largest urban agglomeration, the Las Vegas Metropolitan Statistical Area i ...

, Sam's Town helped inaugurate the later development of Las Vegas' "Boulder Strip." During these first two decades in operation, Sam and Bill Boyd developed a reputation for running a squeaky-clean operation. As a result, Nevada regulators turned to the Boyds for help following an investigation of skimming operations at the Stardust and Fremont casinos in the mid-1980s. The properties were notorious at the time for their extensive skimming operations; according to the FBI, anywhere from $7 million to $15 million in funds from the Stardust were diverted to organized crime figures between 1974 and 1976 alone. In 1984, after leveling a $3 million fine against the Stardust for skimming, the Nevada Gaming Commission asked the Boyds to run the property's gaming operations. When the Stardust was taken over by the reputable Boyd family, they were surprised by its huge profits, now that every penny of income was being recorded. Ex-FBI agent William F. Roemer Jr., longtime senior agent of the FBI's organized-crime squad in Chicago and an expert in Las Vegas doings, said, "The amount of skim had been so heavy that the profit and loss statement did not present a true picture of the gold mine that the Stardust was." After several years of successful operations, Boyd Gaming officially acquired the Stardust and Fremont in 1985. Company founder Sam Boyd died on January 15, 1993, at the age of 82, and was succeeded as chief executive officer by Bill Boyd. In July of the same year, Boyd Gaming held its initial public offering of stock, debuting on the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed ...

under ticker symbol "BYD." Funds from the IPO supplied Boyd Gaming with a source of capital for expansion, and the company embarked on a period of aggressive growth. The company acquired the Eldorado and Jokers Wild (which had previously been owned directly by the Boyd family) in 1993; later that year, Boyd Gaming acquired the bankrupt

Main Street Station Hotel and Casino and Brewery The Main Street Station Hotel and Casino and Brewery is a hotel and casino located in downtown Las Vegas, Nevada. It is owned by Boyd Gaming. The casino is connected to California Hotel and Casino by an enclosed skywalk over Main Street. Main ...

. The company's first expansion outside of Nevada came in 1994, when Boyd Gaming opened Sam's Town Tunica in Mississippi. Later expansions included: *

Silver Star Hotel and Casino Pearl River Resort is a gaming resort located in Choctaw, Neshoba County, Mississippi. It is owned and operated by the federally recognized Mississippi Band of Choctaw Indians. The resort includes two casinos, Silver Star Hotel & Casino and Golden ...

, owned by the Mississippi Band of Choctaw Indians (opened in 1994; management contract expired in 2000); *

Treasure Chest Casino Kenner (historically french: Cannes-Brûlées) is a city in Louisiana, United States. It is the largest city in Jefferson Parish, and is the largest incorporated suburban city of New Orleans. The population was 66,448 at the 2020 census. History ...

Kenner, Louisiana Kenner (historically french: Cannes-Brûlées) is a city in Louisiana, United States. It is the largest city in Jefferson Parish, and is the largest incorporated suburban city of New Orleans. The population was 66,448 at the 2020 census. History ...

(Boyd owned 15% of the property at its 1994 opening, before acquiring Treasure Chest outright in 1997); * Sam's Town Kansas City (opened 1995, closed 1998); *

Par-A-Dice Hotel and Casino Par-A-Dice Hotel and Casino is a casino located on the Illinois River off Illinois Route 116/U.S. Route 150 in East Peoria, Illinois, United States. The Par-A-Dice opened in 1991 in Peoria, Illinois, and moved across the river to East Peoria i ...

East Peoria, Illinois East Peoria is a city in Tazewell County, Illinois, United States. The population was 23,402 at the 2010 census. East Peoria is a suburb of Peoria and is part of the Peoria, Illinois Metropolitan Statistical Area, located across the Illinois Ri ...

. (acquired in 1996); * Blue Chip Casino, Hotel and Spa in Michigan City, Indiana. (acquired in 1999); * Delta Downs Racetrack Casino & Hotel, Vinton, Louisiana (acquired in 2001); * Sam's Town Shreveport (formerly Harrah's Shreveport; acquired from Harrah's Entertainment in 2004). Boyd Gaming's most ambitious expansion project came in 2003, when the company opened the $1.1 billion

Borgata Borgata Hotel Casino & Spa is a hotel, casino, and spa in Atlantic City, New Jersey. It is owned by Vici Properties and operated by MGM Resorts International. The casino hotel features 2,798 rooms and is the largest hotel in New Jersey. Borga ...

Hotel Casino in Atlantic City, N.J. A joint venture with MGM Resorts International, Borgata was the first new casino property to open in Atlantic City in 13 years, and quickly emerged as the market's leading property by gaming revenue. Borgata is by far Boyd Gaming's largest property, and currently supplies more than a third of the company's overall profits. Less than a year after Borgata opened, Boyd Gaming announced plans to acquire

Coast Casinos Coast Casinos Inc. is a wholly owned subsidiary of Boyd Gaming Corporation based in Paradise, Nevada. Coast Casinos is the number 2 locals casino brand in the Las Vegas market behind Station Casinos. History Principally owned and founded by Mi ...

, Inc., one of the largest operators of locals casinos in the Las Vegas market. Completed on July 1, 2004, the $1.3 billion acquisition gave Boyd Gaming four additional Las Vegas properties—Suncoast; Gold Coast; the Orleans; and Barbary Coast. The Coast acquisition also included the yet-to-be completed South Coast, located five miles (8 km) south of the Strip on Las Vegas Boulevard. Boyd Gaming completed the project and opened its doors on December 22, 2005. Boyd Gaming operated the property for less than a year before selling it to former Coast CEO Michael Gaughan in 2006. (The property was rebranded to its current name, South Point, following the sale to Gaughan.) In 2006, Boyd Gaming turned its focus to what would have been the largest project in its history: Echelon, a $4.8 billion resort complex at the site of the Stardust. In preparation for the project, Boyd Gaming swapped the Barbary Coast to Harrah's Entertainment in exchange for 24 acres near the Stardust, giving the company an 87-acre parcel on the north end of the Strip. The famed Stardust was closed on November 1, 2006, and imploded the night of March 13, 2007. Construction on Echelon Place began on June 19, 2007, with plans to open in 2010, but was suspended a little over one year later, on August 1, 2008. At the time, Boyd Gaming officials cited "the difficult environment in today's capital markets, as well as weak economic conditions," and estimated construction would resume in three to four quarters. As the global recession deepened, the suspension continued; in October 2009, the company said it would likely be three to five years before development resumed. However, in March 2013, Boyd sold the Echelon site for $350 million to the Genting Group, a Malaysia-based gaming company to develop the site as Resorts World Las Vegas. In 2007, Boyd purchased Dania Jai Alai, a fronton in

Dania Beach, Florida Dania Beach (Dania until 1998) is a city in Broward County, Florida, United States. As of the 2020 census, the city's population was 31,723. It is part of the South Florida metropolitan area, which was home to 5,564,635 people at the 2010 census ...

. The company hoped to expand the facility with a casino, but efforts to allow new casinos in the Miami area made little headway. Boyd agreed in 2011 to sell the property to Dania Entertainment for $80 million, but the deal was not completed. The two companies reached a new sale agreement in February 2013 for $65.5 million. Boyd Gaming bought the IP Casino Resort & Spa in October 2011 for $278 million cash, plus a $10 million donation to the Engelstad Family Foundation. In November 2012, Boyd acquired Peninsula Gaming, an Iowa-based company with five casinos in the Midwest and South, for $1.45 billion. The company made two deals in 2016 to expand its footprint in the Vegas locals market, acquiring the

Aliante Casino and Hotel Aliante Casino and Hotel (formerly Aliante Station) is a hotel and casino in the Aliante community in North Las Vegas, Nevada. It is owned and operated by Boyd Gaming. The resort was announced as the Aliante Station in December 2005, as a joint p ...

for $380 million and the two properties of Cannery Casino Resorts for $230 million. Meanwhile, it sold its 50 percent stake in the Borgata to MGM for $900 million. In July 2018, Boyd announced a partnership with MGM Resorts International "to significantly increase each company's market access and customer base throughout the United States." The partnership is focused on positioning both companies to succeed in the emerging online gambling and sports betting markets in the United States. In late 2018, Boyd completed two deals to increase its regional holdings. It acquired Valley Forge Casino Resort in Pennsylvania for $281 million. It also purchased the operations of four casinos from

Pinnacle Entertainment Pinnacle Entertainment, Inc. was an American gambling and hospitality company. It was acquired by Penn National Gaming in 2018. At the time of acquisition, it operated sixteen casino properties, located in Colorado, Indiana, Iowa, Louisiana, Miss ...

for $564 million: Ameristar Kansas City, Ameristar St. Charles, Belterra Casino, and Belterra Park. The company paid another $58 million for the real estate of Belterra Park. The sale was designed to ensure regulatory approval for Penn National Gaming's planned purchase of Pinnacle. On July 13, 2020, Boyd Gaming announced it was laying off at least 25% of its workforce equating to thousands of job losses at its properties nationwide due to the COVID-19 pandemic in the United States. In March 2022, Boyd Gaming entered into a definitive agreement to acquire Pala Interactive LLC and its subsidiaries for total cash consideration of $170 million. In November 2022, it was announced the deal had been completed. Pala Interactive LLC is an interactive online gaming company, majority owned by the Pala Band of Mission Indians.

List of properties

Downtown Las Vegas casinos

* California Hotel and Casino *

Fremont Hotel and Casino The Fremont Hotel & Casino is located in downtown Las Vegas, Nevada, on the Fremont Street Experience. The casino is operated by the Boyd Gaming Corporation. History The Fremont Hotel is located on 200 Fremont Street. It was designed by arch ...

* Main Street Station

Other Las Vegas area casinos

* Cannery Casino and Hotel * Eastside Cannery Casino and Hotel *

Gold Coast Gold Coast may refer to: Places Africa * Gold Coast (region), in West Africa, which was made up of the following colonies, before being established as the independent nation of Ghana: ** Portuguese Gold Coast (Portuguese, 1482–1642) ** Dutch G ...

* Jokers Wild Casino * Orleans Hotel and Casino and

Orleans Arena Orleans Arena is a 9,500-seat multi-purpose arena in Paradise, Nevada, in the Las Vegas Valley. It is located at the Orleans Hotel and Casino and is operated by Coast Casinos, a subsidiary of Boyd Gaming Corporation. The arena is the home t ...

Sam's Town Hotel and Gambling Hall, Las Vegas Sam's Town Las Vegas is a hotel and casino located in Sunrise Manor, Nevada on the corner of Flamingo Road and Boulder Highway. It is one of the casinos owned and operated by Boyd Gaming. It features a 25,000-square-foot indoor park, bowling cen ...

* Suncoast Hotel and Casino

Casinos in other states

* Amelia Belle Casino —

Amelia, Louisiana Amelia is a census-designated place (CDP) in St. Mary Parish, Louisiana, United States. The population was 2,459 at the 2010 census. It is part of the Morgan City Micropolitan Statistical Area. History The first postmaster named the town afte ...

* Ameristar Casino Hotel Kansas City — Kansas City, Missouri * Ameristar Casino Resort Spa St. Charles — St. Charles, Missouri * Belterra Casino Resort & Spa —

Florence, Indiana Florence is an unincorporated census-designated place in York Township, Switzerland County, in the U.S. state of Indiana. The Belterra Casino Resort & Spa is located just outside town. History The community was laid out in 1817 under the name ...

* Blue Chip Casino, Hotel and Spa — Michigan City, Indiana * Diamond Jo Casino —

Dubuque, Iowa Dubuque (, ) is the county seat of Dubuque County, Iowa, United States, located along the Mississippi River. At the time of the 2020 census, the population of Dubuque was 59,667. The city lies at the junction of Iowa, Illinois, and Wisconsin, a r ...

* Diamond Jo Casino —

Northwood, Iowa Northwood is a city in Worth County, Iowa, United States, along the Shell Rock River. The population was 2,072 at the time of the 2020 census. It is the county seat of Worth County. Northwood is part of the Mason City Micropolitan Statistical ...

* IP Casino Resort & Spa —

Biloxi, Mississippi Biloxi ( ; ) is a city in and one of two county seats of Harrison County, Mississippi, United States (the other being the adjacent city of Gulfport). The 2010 United States Census recorded the population as 44,054 and in 2019 the estimated popu ...

* Kansas Star Casino —

Mulvane, Kansas Mulvane is a city in Sedgwick and Sumner counties in the U.S. state of Kansas. As of the 2020 census, the population of the city was 6,286. History Mulvane was laid out in 1879 at the junction of five Santa Fe rail lines. It is named for ...

—

— Shreveport, Louisiana *

—

Tunica Resorts, Mississippi Tunica Resorts, formerly known as Robinsonville until 2005,

—

* Valley Forge Casino Resort —

King of Prussia, Pennsylvania King of Prussia (also referred to as KOP) is a census-designated place in Upper Merion Township in Montgomery County, Pennsylvania, United States. As of the 2020 census, its population was 22,028. The community took its unusual name in the 18th ...

Racinos

* Belterra Park — Anderson Township, Hamilton County, Ohio *

Delta Downs Delta Downs Racetrack, Casino and Hotel is an American thoroughbred and quarter horse racetrack in Calcasieu Parish, Louisiana, Calcasieu Parish, near Vinton, Louisiana in the southwest portion of the state. The facility is owned by Boyd Gaming. ...

— Vinton, Louisiana * Evangeline Downs —

Opelousas, Louisiana :''Opelousas is also a common name of the flathead catfish.'' Opelousas (french: Les Opélousas; Spanish: ''Los Opeluzás'') is a small city and the parish seat of St. Landry Parish, Louisiana, United States. Interstate 49 and U.S. Route 190 ...

Non-casino properties

*Vacations-Hawaii —

Honolulu, Hawaii Honolulu (; ) is the capital and largest city of the U.S. state of Hawaii, which is in the Pacific Ocean. It is an unincorporated county seat of the consolidated City and County of Honolulu, situated along the southeast coast of the island o ...

with Charter Flights to

Las Vegas, Nevada Las Vegas (; Spanish for "The Meadows"), often known simply as Vegas, is the 25th-most populous city in the United States, the most populous city in the state of Nevada, and the county seat of Clark County. The city anchors the Las Vega ...

operated by Omni Air International

Former properties

Barbary Coast Hotel and Casino The Cromwell Las Vegas (formerly Barbary Coast and Bill's Gamblin' Hall and Saloon) is a luxury boutique casino hotel on the Las Vegas Strip in Paradise, Nevada. It is owned and operated by Caesars Entertainment. It was originally opened by Mich ...

— Atlantic City, New Jersey (50% ownership through Marina District Development) * Stardust Resort and Casino * Dania Jai-Alai —

(now The Pass Casino) * South Coast Hotel, Casino & Spa *

* Sam's Town Kansas City

References

2009 Annual Report for statistical data

External links

* *
Boyd Gaming SEC Filings
{{Authority control Companies listed on the New York Stock Exchange Gambling companies established in 1941 Hospitality companies of the United States Companies based in Paradise, Nevada Gambling companies of the United States 1941 establishments in Nevada