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November 2016 - NYSE: BYD
BOYD GAMING CORPORATION
Boyd Gaming Corporation is one of the most experienced and well-respected companies in the gaming industry, with 24 casino entertainment properties in seven states. Founded in 1975 by Executive Chairman Bill Boyd, our Company has a long and successful track record in both major and regional gaming markets. Our portfolio spans the nation, from the gaming mecca Las Vegas to markets across the Midwest and South, including operations near Chicago, New Orleans, Biloxi, Memphis, Shreveport, Louisiana, and Wichita, Kansas.
With 24 properties in 14 distinct markets, Boyd Gaming is one of the most geographically diversified companies in the gaming industry. Our diversification translates into greater financial stability, providing us with multiple sources of cash flow and helping mitigate the impact of negative conditions in any one market.
Our strategy is centered on catering to targeted customer groups by offering them high-quality entertainment experiences, at an attractive value, in environments that emphasize comfort and memorable customer service.
Our Las Vegas Locals and Midwest & South properties cater primarily to local residents living within close proximity to our properties, though tourists do account for a significant amount of business at several of our locally-oriented properties, including the Gold Coast and The Orleans, both located just west of the Las Vegas Strip. Our three Downtown Las Vegas properties – California, Fremont and Main Street Station – cater to a loyal customer base from Hawaii.
Since our founding more than 40 years ago, Boyd Gaming has made tremendous progress as a Company. Our consistent focus on innovation and growth has helped us become one of the largest and most successful companies in the domestic gaming industry.
To ensure a future that is as bright as our past, Boyd Gaming is diligently executing on a multi-faceted strategy to continue increasing long-term value for our shareholders.
We are strengthening our operations. We have implemented an operating structure that positions us for future success. With substantial operating leverage in our business, we are achieving significant flow-through as revenue grows.
We are investing in future growth. We are seeing encouraging results from our multi-year, $100 million campaign to enhance and elevate our hotel rooms, bars and restaurants, as we seek to ensure our properties remain relevant and compelling to customers of every generation.
And we are making targeted investments to expand our portfolio. With our recent acquisitions of Aliante Hotel Casino and Spa and Cannery Casino Hotel in North Las Vegas, as well as Eastside Cannery Casino and Hotel on Boulder Strip, we are expanding our footprint in the Las Vegas Valley, one of the fastest-growing gaming markets in the United States.
We are improving our financial position. We continue to use free cash flow to pay down debt and strengthen our balance sheet, and are solidly on track to achieve our long-term leverage target of 4 to 5 times EBITDA by the end of 2017.
We are making good progress. And we will remain squarely focused on our most important goal – building long-term value for our shareholders.
Statements which are not historical facts are “forward-looking” statements and “safe harbor statements” under the Private Securities Litigation Reform Act of 1995 that involve risks and/or uncertainties, including risks and/or uncertainties as described in the Company’s public filings with the Securities and Exchange Commission.
Executive Vice President and Chief Financial Officer
Vice President of Corporate Communications
LAS VEGAS LOCALS
Aliante Casino Hotel and Spa
Cannery Casino Hotel
Eastside Cannery Casino and Hotel
Gold Coast Hotel and Casino
The Orleans Hotel and Casino
Sam’s Town Las Vegas
Suncoast Hotel and Casino
Jokers Wild Casino
DOWNTOWN LAS VEGAS
California Hotel and Casino
Fremont Hotel and Casino
Main Street Station Casino Brewery and Hotel
MIDWEST AND SOUTH
Amelia Belle Casino, Louisiana
Blue Chip Casino Hotel and Spa, Indiana
Delta Downs Racetrack Casino and Hotel, Louisiana
Diamond Jo Dubuque, Iowa
Diamond Jo Worth, Iowa
Evangeline Downs, Louisiana
IP Casino Resort Spa, Mississippi
Kansas Star Casino, Hotel and Event Center, Kansas
Par-A-Dice Hotel Casino, Illinois
Sam’s Town Shreveport, Louisiana
Sam’s Town Tunica, Mississippi
Treasure Chest Casino, Louisiana