Boyd Gaming Corporation (‘Boyd Gaming’) operates as a multi-jurisdictional gaming company.
The company operates various wholly owned brick-and-mortar gaming entertainment properties (‘gaming entertainment properties’) in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. In addition, the company owns and operates Boyd Interactive, a business-to-business (‘B2B’) and business-to-consumer (‘B2C’) online casino gaming business in the United States and...
Boyd Gaming Corporation (‘Boyd Gaming’) operates as a multi-jurisdictional gaming company.
The company operates various wholly owned brick-and-mortar gaming entertainment properties (‘gaming entertainment properties’) in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. In addition, the company owns and operates Boyd Interactive, a business-to-business (‘B2B’) and business-to-consumer (‘B2C’) online casino gaming business in the United States and Canada. Through a management agreement with Wilton Rancheria, the company also manages the Sky River Casino, which is located in California.
The company has a strategic partnership with, and is a 5% equity owner of, FanDuel Group, the nation’s sports-betting operator. Through its strategic partnership, the company pursues sports-betting opportunities, both at its properties and online, across the country. The company operates FanDuel-branded sportsbooks at some of its properties. It also offers online sports-betting under the FanDuel brand in all states where its multiple gaming entertainment properties are located, except in Mississippi, where online sports-betting has not been legalized, Missouri, where online sports-betting was legalized in November 2024 but has not yet taken effect as regulations are being established, and in Nevada, where the company operates its own brand, Boyd Sports. In addition, the company has market access agreements outside of Nevada with other third parties for online sports-betting.
Properties
The company views each of its gaming entertainment properties and its online gaming operations as operating segments. For financial reporting purposes, it aggregates these operations into four reportable segments: Las Vegas Locals; Downtown Las Vegas; Midwest & South; and Online, (collectively ‘Reportable Segments’). The Online segment includes the operating results of the company’s online gaming operations through collaborative arrangements with third parties throughout the United States, as well as the operations of Boyd Interactive. To reconcile Reportable Segments information to the consolidated information, the company has aggregated nonreportable operating segments into a Managed & Other category. The Managed & Other category includes management fees earned under its management agreement with Wilton Rancheria and the operating results of Lattner Entertainment Group Illinois, LLC, the company’s Illinois distributed gaming operator (‘Lattner’) with several gaming units in multiple locations across the state of Illinois as of December 31, 2024.
As of December 31, 2024, the company operated most of its wholly owned gaming entertainment properties, offering a total of 1,764,063 square feet of casino space, thousands of slot machines, hundreds of table games, and thousands of hotel rooms. It derives the majority of its revenues from gaming at its gaming entertainment properties and Lattner, which generated approximately 66% of its revenues in 2024. Online revenues from Boyd Interactive and third-party market access arrangements, including reimbursements received from its third-party operators for gaming taxes and other expenses it pays under the collaborative arrangements, represent the company’s next significant revenue source, generating 15% of its revenues in 2024. Food & beverage revenues, room revenues, management fee revenues, and other revenues separately contributed 8% or less of revenues in 2024.
Las Vegas Locals Properties
The company’s Las Vegas Locals segment consists of eight casinos that primarily serve the resident population in the Las Vegas metropolitan area.
Gold Coast Hotel and Casino
Gold Coast Hotel and Casino (‘Gold Coast’) is located on Flamingo Road, approximately one mile west of the Las Vegas Strip and one-quarter mile west of Interstate 15, the major highway linking Las Vegas and southern California. Its location offers easy access from the entire Las Vegas Valley. Gold Coast's amenities include 705 recently remodeled hotel rooms and suites, along with meeting facilities, multiple restaurant options, and a 70-lane bowling center.
The Orleans Hotel and Casino
The Orleans Hotel and Casino (‘The Orleans’) is located on Tropicana Avenue, a short distance from the Las Vegas Strip. The Orleans provides a New Orleans French Quarter-themed environment. Amenities at The Orleans include several hotel rooms, a variety of restaurants and bars, a spa and fitness center, various stadium-seating movie theaters, a 52-lane bowling center, banquet and meeting space, and a special events arena that seats up to 9,500 patrons.
Sam's Town Hotel and Gambling Hall
Sam's Town Hotel and Gambling Hall (‘Sam's Town Las Vegas’) is located on the Boulder Strip, approximately six miles east of the Las Vegas Strip, and features a contemporary western theme. Amenities at Sam's Town Las Vegas include 645 hotel rooms, a variety of restaurants and bars, 18 stadium-seating movie theaters, and a 56-lane bowling center.
Suncoast Hotel and Casino
Suncoast Hotel and Casino (‘Suncoast’) is located in Peccole Ranch, a master-planned community adjacent to Summerlin, and is readily accessible from most major points in Las Vegas, including downtown and the Las Vegas Strip. Suncoast features hundreds of hotel rooms, multiple restaurant options, banquet and meeting facilities, various stadium-seating movie theaters, a 64-lane bowling center, and a newly remodeled sportsbook.
Eastside Cannery Casino and Hotel
Eastside Cannery Casino and Hotel (‘Eastside Cannery’) has been closed to the public and has not yet reopened due to the current levels of market demand. Eastside Cannery is located directly south of Sam's Town Las Vegas at the intersection of Boulder Highway and Harmon Avenue in Las Vegas. Its location offers easy access for both the Las Vegas and Henderson valleys. At the time of its closure, Eastside Cannery offered 63,879 square feet of casino space, with several slots and few table games, hundreds of hotel rooms, a restaurant and bars, meeting and ballroom space, and an entertainment lounge.
Aliante Casino + Hotel + Spa
Aliante Casino + Hotel + Spa (‘Aliante’) is located in North Las Vegas adjacent to an 18-hole championship golf course and has convenient access to major freeways connecting it to points throughout Las Vegas. Aliante features a full-service Scottsdale-modern, desert-inspired casino and resort, which includes several hotel rooms, multiple restaurant options, a 16-screen movie theater complex, showroom, spa, and a resort-style pool with cabanas.
Cannery Casino Hotel
Cannery Casino Hotel (‘Cannery’) is located in the northeastern part of the Las Vegas Valley and has convenient access to major freeways connecting it to points throughout Las Vegas. The Cannery has a several-room hotel, a variety of restaurants and bars, an entertainment venue, and a 16-screen movie theater.
Jokers Wild
Located in Henderson, the Jokers Wild is approximately 14 miles from the Las Vegas Strip and includes slots, a sportsbook, and dining options. The principal customers of this property are Henderson residents. The company is in the process of building a new casino on the current Jokers Wild site.
Downtown Las Vegas Properties
The company’s three Downtown Las Vegas properties directly compete with nine other casinos that operate in downtown Las Vegas. As such, it has developed a distinct niche for its downtown properties by focusing on customers from Hawaii. The company’s downtown properties focus their marketing on gaming enthusiasts from Hawaii, as well as tour and travel agents in Hawaii, with whom it has cultivated relationships since it opened its California Hotel and Casino (the ‘Cal’ or ‘California’). It has strong relationships with Hawaiian travel agencies and offers affordable all-inclusive packages. These relationships, combined with its Hawaiian promotions, have allowed the Cal, Fremont Hotel & Casino (‘Fremont’), and Main Street Station Hotel and Casino (‘Main Street Station’) to capture a significant share of the Hawaiian tourist trade in Las Vegas.
California Hotel and Casino
The Cal's amenities include various hotel rooms, multiple dining options, a sportsbook, and meeting space. The Cal and Main Street Station are connected by an indoor pedestrian bridge.
Fremont Hotel & Casino
Fremont is adjacent to the principal pedestrian thoroughfare in downtown Las Vegas, known as the Fremont Street Experience. The property's amenities include hundreds of hotel rooms, a FanDuel branded sportsbook, a contemporary new food hall, and other dining options, as well as meeting space.
Main Street Station Hotel and Casino
Main Street Station's amenities include several recently remodeled hotel rooms and few restaurants. In addition, Main Street Station features a 96-space recreational vehicle park, the only such facility in the downtown area.
Midwest & South Properties
The company’s Midwest & South properties consist of five land-based casinos, five dockside riverboat casinos, three racinos, and four barge-based casinos that operate in nine states predominantly in the Midwest and southern United States. Generally, these states allow casino gaming on a limited basis through the issuance of a limited number of gaming licenses. The company’s Midwest & South properties primarily serve customers within a 100-mile radius and compete directly with other casino facilities operating in their respective immediate and surrounding market areas, as well as with gaming operations in surrounding jurisdictions. Online sportsbooks are operated under the respective property gaming license of certain of the company’s Midwest & South properties pursuant to collaborative arrangements with FanDuel or one of its other market access partners.
Par-A-Dice Casino
Par-A-Dice Casino (‘Par-A-Dice’) is a dockside riverboat casino located on the Illinois River in East Peoria, Illinois, that features a FanDuel branded sportsbook and a various-room hotel. Located adjacent to the Par-A-Dice riverboat is a land-based pavilion, which includes multiple restaurants and a gift shop. Par-A-Dice is strategically located near Interstate 74, a major east-west interstate highway, and it is the only casino gaming facility located within an approximately 90-mile radius of Peoria, Illinois.
Belterra Casino Resort
Belterra Casino Resort (‘Belterra Resort’) is a dockside riverboat casino located in Florence, Indiana, approximately 50 miles from downtown Cincinnati, Ohio, 70 miles from Louisville, Kentucky, 60 miles from Lexington, Kentucky, and 115 miles from Indianapolis, Indiana. Belterra Resort features multiple hotel rooms, a FanDuel branded sportsbook, and an 18-hole championship golf course. The real estate utilized by Belterra Resort is subject to a Master Lease with Gaming and Leisure Properties, Inc. (‘GLPI’). Ogle Haus Inn, a various-room boutique hotel that the company leases from GLPI, is operated by it and located near Belterra Resort.
Blue Chip Casino Hotel Spa
Blue Chip Casino Hotel Spa (‘Blue Chip’) is a dockside riverboat casino located in Michigan City, Indiana, which is 40 miles west of South Bend, Indiana, and 60 miles east of Chicago, Illinois. The property competes primarily with few casinos in northern Indiana, southern Michigan, and eastern Illinois, and to a lesser extent, with casinos in the Chicago area and racinos located near Indianapolis. The property features several recently renovated guest rooms, a spa and fitness center, dining and nightlife venues, meeting and event space, including a land-based pavilion, and a FanDuel branded sportsbook.
Diamond Jo Casino
Diamond Jo Casino (‘Diamond Jo Dubuque’) is a land-based casino located in the Port of Dubuque, a waterfront development on the Mississippi River in downtown Dubuque, Iowa. Diamond Jo Dubuque is a two-story property that includes several dining outlets and bars. The property has meeting space, a 30-lane bowling alley, an entertainment venue, and a FanDuel branded sportsbook.
Diamond Jo Worth
Diamond Jo Worth is a land-based casino situated on a 32-acre site in Northwood, Iowa, which is located in north-central Iowa, near the Minnesota border, and approximately 30 miles north of Mason City, Iowa. The casino has a several-room hotel, an event center, several dining options, and a FanDuel branded sportsbook.
Kansas Star Casino
Kansas Star Casino (‘Kansas Star’) serves as Lottery Gaming Facility Manager for the South Central Gaming Zone on behalf of the Kansas Lottery pursuant to a Lottery Gaming Facility Management Contract with the State of Kansas (the ‘Kansas Management Contract’). The land-based casino is located in Mulvane, Kansas, approximately 20 miles south of Wichita, Kansas, and has multiple dining venues, casino bars, and a FanDuel branded sportsbook. Kansas Star also has an arena that provides a venue for concerts, trade shows, and equestrian events. In addition, the property has an event center and an equestrian pavilion that includes a practice arena and covered stalls. There is a various-room Hampton Inn & Suites hotel connected to the casino that is owned and operated by a third party. Under the terms of the agreement, Kansas Star has the option to purchase the hotel.
Amelia Belle Casino
The Amelia Belle Casino (‘Amelia Belle’) is located in south-central Louisiana and is a three-level dockside riverboat with gaming, including a FanDuel branded sportsbook, located on the first two decks, as well as a café on the first deck. The property's third deck includes a banquet room.
Delta Downs Racetrack Hotel & Casino
Delta Downs Racetrack Hotel & Casino (‘Delta Downs’) is a land-based racino located in Vinton, Louisiana, and conducts horse races on a seasonal basis, and operates year-round simulcast facilities for customers to wager on races held at other tracks. In addition, Delta Downs offers slots, a various-room hotel, and a FanDuel branded sportsbook. Delta Downs is approximately 25 miles closer to Houston than the next closest gaming properties. Located near Lake Charles, Louisiana, Delta Downs is conveniently near a route taken by customers traveling between Houston, Beaumont, and other parts of southeastern Texas to Lake Charles, Louisiana.
Evangeline Downs Racetrack & Casino
Evangeline Downs Racetrack & Casino (‘Evangeline Downs’) is a land-based racino located in Opelousas, Louisiana, and approximately 20 miles north of Lafayette, Louisiana. The racino currently includes a casino with a convention center, a FanDuel branded sportsbook, and multiple food venues and bars. The racino includes a one-mile dirt track, a 7/8-mile turf track, stables for multiple horses, and a clubhouse, which together with the grandstand and patio area, provides seating capacity for up to 4,295 patrons and includes a concession stand and bar. There is also a several-room hotel connected to the racino, which is owned and operated by a third party.
Evangeline Downs operates three Off Track Betting (‘OTB’) locations in Henderson, Eunice, and St. Martinville, Louisiana. Each OTB offers simulcast pari-mutuel wagering and video poker. Under Louisiana's racing and off-track betting laws, the company has a right of prior approval with respect to any applicant seeking a permit to operate an OTB within a 55-mile radius of the Evangeline Downs racetrack, which effectively gives it the exclusive right, at its option, to operate additional OTBs within such a radius, provided that such OTB is not also within a 55-mile radius of another horse racetrack.
Sam's Town Shreveport
Sam's Town Shreveport is a dockside riverboat casino located along the Red River in Shreveport, Louisiana. Amenities at the property include various hotel rooms, a FanDuel branded sportsbook, multiple restaurants, a live entertainment venue, and convention and meeting space. Feeder markets include east Texas (including Dallas), Texarkana, Arkansas, and surrounding Louisiana cities.
Treasure Chest Casino
Treasure Chest Casino (‘Treasure Chest’) opened its new land-based casino facility in June 2024. Prior to the opening of the land-based casino, the property was a dockside riverboat casino. The casino is located near Lake Pontchartrain in the western suburbs of New Orleans, Louisiana. Located approximately five miles from the New Orleans International Airport, Treasure Chest primarily serves residents of suburban New Orleans. The single-level facility features a 47,000-square-foot casino, several new restaurants and bars, nearly 10,000 square feet of convention and meeting space, and a FanDuel branded sportsbook.
IP Casino Resort Spa
IP Casino Resort Spa (‘IP’) is a barge-based casino overlooking the scenic back bay of Biloxi, Mississippi, and, as a recipient of a AAA Four Diamond Award, is one of the premier resorts on the Mississippi Gulf Coast. The property includes various hotel rooms and suites, a FanDuel branded sportsbook, convention and meeting space, a spa and salon, an entertainment venue, and multiple restaurants and bars.
Sam's Town Hotel and Gambling Hall Tunica
Sam's Town Hotel and Gambling Hall Tunica (‘Sam's Town Tunica’) is a barge-based casino located in Tunica County, Mississippi. The property has hundreds of hotel rooms, a FanDuel branded sportsbook, multiple dining venues, a recreational vehicle park, and entertainment venues.
Ameristar Casino Hotel Kansas City
Ameristar Casino Hotel Kansas City (‘Ameristar Kansas City’) is a barge-based casino located 10 miles from downtown Kansas City, Missouri. The property competes primarily with five casinos in the Kansas City area and bordering eastern Kansas market. The property features several guest rooms, several restaurants, and a concert venue. The real estate utilized by Ameristar Kansas City is subject to a Master Lease with GLPI.
Ameristar Casino Resort Spa St. Charles
Ameristar Casino Resort Spa St. Charles (‘Ameristar St. Charles’) is a barge-based casino located in St. Charles along the Missouri River, strategically situated to attract guests from the St. Charles and the greater St. Louis areas, as well as tourists from outside the region. The property, which is in close proximity to the St. Charles convention facility, is located along the western bank of the Missouri River. The property features a AAA Four Diamond full-service luxury suite hotel with several rooms, an indoor-outdoor pool, several dining venues and bars, an entertainment venue, a full-service luxury day spa, two TopGolf Swing Suites, and a conference center. The real estate utilized by Ameristar St. Charles is subject to a Master Lease with GLPI.
Belterra Park
Belterra Park is a land-based racino located in Cincinnati, Ohio, situated on approximately 160 acres of land, 40 of which are undeveloped. The property is a gaming and entertainment center offering live racing, pari-mutuel wagering, video lottery terminal gaming, a FanDuel branded sportsbook, several restaurants, and the only grass horse racing track in Ohio. The real estate utilized by Belterra Park is subject to a Master Lease with GLPI.
Valley Forge Casino Resort
Valley Forge Casino Resort (‘Valley Forge’) is a land-based casino hotel located in King of Prussia, Pennsylvania. The property features meeting, conference, and banquet facilities, and two hotel towers with hundreds of rooms total. The property also includes multiple dining options, a FanDuel branded sportsbook, and an entertainment venue.
Online
Boyd Interactive
Prior, the company completed the acquisition of Pala Interactive and Pala Canada (individually and collectively rebranded, ‘Boyd Interactive’). Boyd Interactive is an innovative online gaming technology company that provides proprietary solutions on both a B2B and B2C basis in regulated markets across the United States and Canada. Under the Stardust brand, the company offers B2C online casino gaming in New Jersey, Pennsylvania, and the Canadian province of Ontario. In January 2024, the company began offering online social gaming via the Boyd Interactive platform in the United States and Ontario. Its B2B customers in the United States and Canada license its platform for use in their online casino offerings.
On September 1, 2024, the company completed the acquisition of Resorts Digital Gaming, LLC (‘Resorts Digital’), growing the Boyd Interactive business. Resorts Digital is an online casino operator based in New Jersey, operating a dual-brand strategy across Resorts Casino and Mohegan Sun. In addition to acquiring the existing online business under both brands, the acquisition included a 20-year marketing agreement with a 10-year renewal option that provides for marketing and promotional services at Resorts Casino in Atlantic City, New Jersey.
Online Sports Betting
Through the company’s strategic partnerships with FanDuel and other third-party market access partners, the company offers online sports wagering in Illinois, Indiana, Iowa, Kansas, Louisiana, Ohio, and Pennsylvania.
Frequent Player Loyalty Program
Boyd Rewards
The company has established a nationwide branding and loyalty program. The program has five player tiers - Ruby, Sapphire, Emerald, Onyx, and Titanium. The ‘Boyd Rewards’ loyalty program, among other benefits, rewards players for their loyalty and allows players to qualify for promotions, earn rewards toward slot, video poker, or table games play, and redeem points for complimentary slot play, food & beverage, hotel rooms, and other free goods and services. Benefits for certain tiers of the company’s loyalty program include annual cruises, vacations, and gifts of luxury jewelry and electronics.
The company has also linked the BoydPay wallet to its Boyd Rewards mobile app, creating a contactless experience that allows customers to use their smartphones to play and cash out on casino games.
Other Promotional Activities
The company provides other promotional offers and discounts targeted towards new customers, frequent customers, inactive customers, customers of various levels of play, and prospective customers who have not yet visited its properties. It also provides mid-week promotional offers and other promotional activities that seek to generate visits to its properties during slower periods. Complimentaries generally are in the form of monetary discounts, and other rewards generally are limited to redemption at its hotels, restaurants, spas, and retail facilities.
History
The company was founded in 1975. The company was incorporated in Nevada in 1988. The company was formerly known as The Boyd Group and changed its name to Boyd Gaming Corporation in April 1993.
