Boyd Gaming Profile
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 manage 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 leading sports-betting operator. Through the company’s strategic partnership, the company pursues sports-betting opportunities, both at the company’s properties and online, across the country. The company operates FanDuel-branded sportsbooks at its properties. The company also offers online sports-betting under the FanDuel brand in all states that the company’s gaming entertainment properties are located, except in Mississippi and Missouri where online sports-betting has not been legalized 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 as an operating segment. The company aggregates these properties into four reportable segments: (i) Las Vegas Locals; (ii) Downtown Las Vegas; (iii) Midwest & South; and (iv) 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 and 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 the company’s management agreement with Wilton Rancheria and the operating results of Lattner Entertainment Group Illinois, LLC, the company’s Illinois distributed gaming operator (‘Lattner’) with various gaming units in approximately 160 locations across the state of Illinois as of December 31, 2023.
The company operates various wholly owned gaming entertainment properties offering a total of 1,711,201 square feet of casino space, various slot machines, table games and hotel rooms. The company derives the majority of its revenues from gaming at the company’s gaming entertainment properties and Lattner, which generated approximately 70% of the company’s revenues in 2023.
The company also owns a travel agency and a captive insurance company that underwrites travel-related insurance, each located in Hawaii.
Las Vegas Locals Properties
The company’s Las Vegas Locals segment consists of 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. The primary target market for Gold Coast consists of local customers who actively gamble. Gold Coast's amenities include 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 target markets for The Orleans are local residents and visitors to the Las Vegas area. The Orleans provides a New Orleans French Quarter-themed environment. Amenities at The Orleans include hotel rooms, a variety of restaurants and bars, a spa and fitness center, stadium-seating movie theaters, a 52-lane bowling center, banquet and meeting space, and a special events arena.
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. Its informal, friendly atmosphere appeals to both local residents and out-of-town visitors alike. Amenities at Sam's Town Las Vegas include hotel rooms, a variety of restaurants and bars, 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. The primary target market for Suncoast consists of local customers who gamble frequently. Suncoast features hotel rooms, multiple restaurant options, banquet and meeting facilities, stadium-seating movie theaters, a showroom, and a 64-lane bowling center.
Eastside Cannery Casino and Hotel
Eastside Cannery Casino and Hotel (‘Eastside Cannery’) has been closed to the public since March 18, 2020 and has not yet re-opened 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 in March 2020, Eastside Cannery offered 63,879 square feet of casino space with slots and table games, 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. The primary target market for Aliante consists of local customers who gamble frequently. Aliante features a full-service Scottsdale-modern, desert-inspired casino and resort, which includes 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 primary target market for Cannery consists of local customers who gamble frequently. The Cannery has a 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.
Downtown Las Vegas Properties
The company 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 the company has cultivated relationships since the company opened its California Hotel and Casino (the ‘Cal’ or ‘California’) in 1975. The company has strong relationships with Hawaiian travel agencies and offer affordable all-inclusive packages. These relationships, combined with the company’s 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 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 hotel rooms, a FanDuel branded sportsbook, a contemporary new food hall and other dining options and meeting space.
Main Street Station Hotel and Casino
Main Street Station's amenities include hotel rooms and two 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 land-based casinos, dockside riverboat casinos, racinos and barge-based casinos that operate in nine states predominantly in the midwest and southern United States. Each of the company’s Midwest & South properties primarily serve customers within a 100-mile radius. 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 the company’s 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 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 minutes from downtown Cincinnati, Ohio, 70 minutes from Louisville, Kentucky, and 90 minutes from Lexington, Kentucky; and features hotel rooms, a FanDuel branded sportsbook and an 18-hole championship golf course. Belterra Resort is also approximately two and one-half hours from Indianapolis, Indiana. The real estate utilized by Belterra Resort is subject to a Master Lease with Gaming and Leisure Properties, Inc. (‘GLPI’). Ogle Haus Inn, a 54-room boutique hotel that the company leases from GLPI, is operated by the company 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 features 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 46-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 an event center, several dining options and a FanDuel branded sportsbook. A Country Inn & Suites hotel connected to the casino and a room Holiday Inn Express hotel adjacent to the casino, are owned and operated by third parties.
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 300-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 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 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 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 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 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 the company the exclusive right, at the company’s 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 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’) is a dockside riverboat casino that features a FanDuel branded sportsbook and is located on Lake Pontchartrain in the western suburbs of New Orleans, Louisiana. The portside building located adjacent to the riverboat houses restaurants. Located approximately five miles from the New Orleans International Airport, Treasure Chest primarily serves residents of suburban New Orleans.
A $100 million project is underway to construct a new land-based casino facility to replace the existing riverboat casino. The single-level facility will feature a 47,000-square-foot casino, several new restaurants and bars, nearly 10,000 square feet of convention and meeting space, a FanDuel branded sportsbook, and parking directly adjacent to the casino entrance. The project is expected to be complete by mid-year 2024.
IP Casino Resort Spa
IP Casino Resort Spa (‘IP’) is a barge-based casino overlooking the scenic back bay of Biloxi, Mississippi and is one of the premier resorts on the Mississippi Gulf Coast. The property includes 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 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 features 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 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 hotel towers with rooms. The property also includes multiple dining options, a FanDuel branded sportsbook and an entertainment venue.
Online
Boyd Interactive
On November 1, 2022, 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. Beginning in January 2024, the company also offers online social gaming via the Boyd Interactive platform in the United States and Ontario. The company’s B2B customers in the United States and Canada license the company’s platform for use in their online casino offerings.
Online Sports Betting
Through the company’s strategic partnership with FanDuel and other third-party market access partners, the company offers online sports wagering in Illinois, Indiana, Iowa, Kansas, Lousisana, Ohio and Pennsylvania.
Frequent Player Loyalty Program
Boyd Rewards
The company has established a nationwide branding and loyalty program. The company’s players can use their ‘Boyd Rewards’ cards to earn and redeem points. 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.
Through the Boyd Rewards card, players may link their card to the company’s digital cashless wallet ‘BoydPay’, in jurisdictions with regulatory approval, providing players with a cashless gaming experience. The company has also linked the BoydPay wallet to the company’s Boyd Rewards mobile app, creating a contactless experience that allows customers to use their smartphones to play and cash out on casino games. The ability to use a smartphone to play is in the early stages of rollout and will be expanded further pending regulatory approval.
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 the company’s properties. The company also provides mid-week promotional offers and other promotional activities that seek to generate visits to the company’s properties during slower periods. Complimentaries generally are in the form of monetary discounts, and other rewards generally are limited to redemption at the company’s hotels, restaurants, spas and retail facilities.
History
Boyd Gaming Corporation was founded in 1975. The company was incorporated in Nevada in 1988.
