Boyd
Gaming
Operates 16 casinos
nationwide.
Headquarters:
2950 Industrial Road
Las Vegas, NV 89109
Employees: 9,300
CEO: William Boyd
Stock Symbol: BYD
Website:
http://www.boydgaming.com
Career Site
Boyd Gaming is a leading owner and operator of 16 casino properties
located in Nevada, New Jersey, Mississippi, Illinois, Indiana
and Louisiana.
Boyd makes most of its money from local
gamblers with smaller casinos that include Sam's Town, Fremont
Hotel, Suncoast Hotel, Gold Coast, Barbary Coast and Orleans
Hotel in Las Vegas. The company does own a 50% stake in the flashy
Borgata casino in Atlantic City in
a joint venture with MGM Mirage.
In 2005, Boyd reported revenues of $2.2
billion and net income of $144.6 million.
Boyd opened a new $600 million casino resort
in 2006 called South Coast, located south of the Las Vegas Strip.
However, the casino's performance did not live up to expectations
and was sold to Michael Gaughan, a Boyd shareholder who operated
Coast Casinos before they were acquired by Boyd in 2004. The
property changed its name to South Point.
Boyd Gaming is currently developing Echelon
Place, a 63-acre location on the Las Vegas Strip that will include
a hotel and retail stores, expected to open in early 2010.
The company recently announced the sale
of the Barbary Coast casino on the Vegas strip to Harrah's Entertainment
in exchange for 24 acres of land on the strip.
In June, the Borgata in Atlantic City opened
a $200 million expansion featuring three upscale restaurants,
a new poker room and additional slots and gaming tables.
History
With just $80 in his pocket, Sam Boyd arrived
in Las Vegas on Labor Day, 1941. Sam worked up through the ranks
from dealer to pit boss to shift supervisor. It wasn't long before
Sam had raised enough money to buy an interest in the world-renowned
Sahara Hotel. He then moved on to become general manager and
partner at The Mint in downtown Las Vegas, where he introduced
a number of successful marketing, gaming and entertainment innovations.
Although never pressured to join his father
in the gaming business, Bill Boyd soon joined Sam in purchasing
the Eldorado Club in Henderson. In 1973, after more than 15 years
as a practicing attorney, Bill decided to join his father on
a full-time basis in the hotel/gaming business.
The Boyds' string of successes quickly
followed. The California Hotel and Casino in downtown Las Vegas
was opened in 1975. But Sam and Bill Boyd wanted a second property
to bear their family name. That resulted in the creation of a
hotel and casino that would not only revolutionize the industry,
but would also create a third major gaming area in Las Vegas
- what is known today as the Boulder Strip.
Sam's Town, originally built on 13 acres
of desert at the then-quiet intersection of Boulder Highway and
Nellis Boulevard, was the first such resort to cater to local
residents, and the gamble paid off handsomely.
In 2003, Boyd Gaming teamed up with MGM
Mirage to open the luxurious Borgata casino in Atlantic City,
the first new casino in NJ in 18 years.
In 2004, Boyd acquired Coast Casinos, operator
of several local casinos in Las Vegas.
Updated November 24, 2006
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