Latest news with #BoydGamingCorporation
Yahoo
25-06-2025
- Automotive
- Yahoo
International Game, Boyd Gaming Corporation Ink 3-Year Sports Betting Deal
Boyd Gaming Corporation (NYSE:BYD) is among the 10 Best Casino Stocks To Buy Now. The firm and International Game Technology PLC have extended their collaboration with a new three-year contract that was revealed on June 16, 2025. International Game, Boyd Gaming Corporation Ink 3-Year Sports Betting Deal. A close-up of a roulette wheel in a luxurious casino. Advertisement The agreement ensures that IGT's PlaySports platform will continue to power Boyd Gaming's Nevada retail and mobile sports betting operations through August 2028. Boyd also plans to keep IGT's PlaySports kiosks in all ten of its retail outlets around the state. Boyd Gaming Corporation (NYSE:BYD) and IGT have been working together since 2018. Boyd's sportsbook operations are supported by IGT's PlaySports technology. The extension strengthens IGT's position in the cutthroat Nevada sports betting industry, where PlaySports' self-service options, scalability, and dependability are crucial. Boyd Gaming Corporation (NYSE:BYD) establishments in eight additional U.S. states have already implemented IGT's PlaySports platform. IGT has approximately 11,000 employees globally and was crowned 'Sportsbook Platform Provider of the Year' at the 2024 EGR North America Awards, showcasing its leadership in the gaming technology field. While we acknowledge the potential of BYD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025. Disclosure. None.
Yahoo
29-04-2025
- Business
- Yahoo
Boyd Gaming Corporation (BYD): Among the Best Stocks to Buy According to John W. Rogers of Ariel Investments
We recently compiled a list of the 10 Best Stocks to Buy According to John W. Rogers of Ariel Investments. In this article, we are going to take a look at where Boyd Gaming Corporation (NYSE:BYD) stands against John W. Rogers' other stock picks. John W. Rogers Jr. is a prominent American investor and hedge fund manager who serves as the chairman, CEO, and CIO of . Rogers graduated from Princeton University in 1980 and spent two and a half years as a stock broker at William Blair. Three years later, he founded Ariel Investments, the first Black-owned mutual fund company in the United States, with $200,000 supported by family and friends. Howard University would be Ariel Investments' initial customer, with the firm receiving $100,000 to manage its endowment. The next year, the city of Chicago granted Ariel $1 million to operate a pension plan. By 2009, Ariel Investments was managing $3.3 billion in assets, which has since increased to a staggering $12.9 billion. Notably, the investor's flagship Ariel Fund's faced one of its first hurdles back on October 19, 1987, the day of the crash known as Black Monday. The next major test came after the dot-com crisis in 2000, with the Ariel Fund rebounding strongly, returning 29% that year and 14% in 2001. During the 2008 financial crisis, Rogers' investments in equities, such as real estate investment firm CBRE Group and newspaper publisher Gannett, caused the fund to lose 48% before returning 63% in 2009. Rogers appreciates patience as he looks for companies that he believes will reach their full potential in a set period of years. This strategy of scooping up value stocks, pioneered by famed investors Warren Buffett and Benjamin Graham, involves buying stocks whose worth may be undervalued by the market. Speaking on a Bloomberg Invest Conference, the investor stated that market enthusiasts might get overly focused on short-term trends, and those prepared to look three or five years ahead may still uncover opportunities. Ariel Investments remains steadfast in its belief of value investing, even within the current market climate. This confidence in its strategy was reaffirmed in the fund's Q1 2025 Investor Letter. Here is what Ariel Fund had to say: Most major U.S. indices ended the first quarter of 2025 in the red, with investors fleeing to safety as optimism for another year of U.S. outperformance driven by economic momentum and the new administration's pro-business stance was quickly replaced by tariff fears and policy uncertainty. The Magnificent Seven, which drove most of the markets gains over the last three years, led the decline, falling nearly -15%. Value bested growth and large caps held up better than their small cap brethren. International equity markets, led by Europe and China, surged—delivering their strongest quarterly outperformance versus the U.S. in 15 years. Meanwhile, deteriorating confidence and apprehension about a global trade war is fueling recession fears. While Wall Street sits on edge and markets remain erratic, we are actively leaning into the volatility by judiciously acquiring the downtrodden shares of quality companies whose value should be realized over the long term. For this list, we picked stocks from Ariel Investments' 13F portfolio as of the end of the fourth quarter of 2024. These equities are also popular among elite hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A close-up of a roulette wheel in a luxurious casino. Boyd Gaming Corporation (NYSE:BYD) is a leading casino entertainment operator in the United States. The company runs 28 establishments in 10 states, including casinos, hotels, and entertainment venues, catering to both local and regional markets. Boyd Gaming Corporation (NYSE:BYD) is also expanding its standing in online sports betting and iGaming through collaborations with FanDuel and other platforms. On April 25, Mizuho Securities indicated confidence in Boyd Gaming Corporation (NYSE:BYD), with analyst Ben Chaiken raising the price target to $86 from $83, retaining an Outperform rating on the company's shares. The revision comes after Boyd Gaming's recent financial performance, which exceeded analysts' forecasts in numerous key parameters. Boyd Gaming Corporation (NYSE:BYD) reported total property EBITDA of $361.3 million, which exceeded Mizuho's expectation of $349.4 million and the Street's forecast of $352.4 million. Boyd's other segments also performed well, with the Locals segment generating $106.5 million, which was close to the Street's projection of $106.7 million, while the Downtown section reported $20.9 million, higher than both Mizuho's forecast of $17.8 million and the Street's $17.9 million. Chaiken also stated that Boyd Gaming's business trends in April remained stable, in contrast to some of the industry's broader outlooks. Overall BYD ranks 10th on our list of John W. Rogers' stock picks. While we acknowledge the potential for BYD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than BYD but trades at less than 5 times its earnings, check out our report about this . READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
Yahoo
15-04-2025
- Business
- Yahoo
Is Boyd Gaming Corporation (BYD) Among the Best Gambling Stocks to Buy According to Analysts?
We recently published a list of 12 Best Gambling Stocks to Buy According to Analysts. In this article, we are going to take a look at where Boyd Gaming Corporation (NYSE:BYD) stands against other best gambling stocks to buy according to analysts. Gambling stocks include companies that own, run, or manage lawful gambling activities and events such as horse and dog racing, online gaming, bingo, and video lottery, as well as companies that provide products or services to gaming operators. During the COVID-19 pandemic, social isolation and stay-at-home orders spurred a boom in online sports betting and gambling. Even after the COVID-19 outbreak ended, sales continued to rise. As per Vixio Regulatory Intelligence, the US online gambling industry is estimated to generate $26.8 billion in gross revenue in 2025, up from $23.4 billion in 2024, with projections pointing to more than $41 billion by 2028. While iGaming is still restricted to a few strongholds, mobile sports betting is still on the rise, with one state recently surpassing $2 billion in yearly revenue. Under normal conditions, New Jersey's online gambling revenue surpassed that of land-based casinos in October 2024, whereas states such as Pennsylvania and Michigan have iGaming earnings that exceed $200 million monthly. However, expansion encounters opposition. Legalization efforts in New York, Maryland, and Louisiana continue, but union opposition and legislative friction persist. If just one of these states legalizes iGaming, it could start a domino effect. Another obstacle is tax increases; in 2024, several jurisdictions raised their sports betting tax rates, raising concerns that such high rates could impede innovation and competitiveness. Payment processing also remains a significant concern. Major financial services networks continue to restrict gambling transactions, intensifying the need for digital wallets and other workarounds, which authorities examine with caution. Meanwhile, sweepstakes platforms are growing in unregulated marketplaces, raising concerns as policymakers consider stronger regulations. According to estimates, the US-regulated online sports betting market is anticipated to reach $150 billion by 2024, driven by 32 states that allow online gambling. The CEO and co-founder of Third Planet Affiliates, Adam Small, who owns and operates the iGaming news media company and the sports betting website stated that the two large platforms dominate the business, accounting for around 75% of total wagers and revenue. Small believes there is still room for digital gambling to expand in the coming years, as Texas, California, and a more open Florida will deliver 'a large jolt' to the digital sports gambling market. Small commented the following: 'Plus, states like Minnesota and Georgia are continually flirting with legalization, and Missouri will soon join the ranks, probably in time for the 2025 football season.' However, Nick Slade, co-founder and chief content officer at Cipher Sports Technology Group, noted that while digital-only sportsbooks dominate the market, their long-term sustainability is questionable due to hefty user acquisition expenses. Many sportsbooks struggle with profitability and rely heavily on marketing to keep clients. Casino-backed sportsbooks, on the other hand, have a competitive advantage since they may use a variety of revenue streams, such as hotels, resorts, and luxury experiences, to increase client loyalty. Recently, the New York State Gaming Commission released its findings for mobile sports wagering from April 2024 to March 2025. According to its report, mobile sports betting in New York grew 20% year on year to $23.9 billion in FY2024- 25, producing $2.14 billion in gross gaming revenue (GGR). January dominated with a $2.48 billion handle and $247 million in GGR, closely followed by March with $2.44 billion and $161.8 million. For the first time since legalization in 2022, the monthly volume was over $1 billion. The state raised $1.11 billion for education, with $6 million for gambling treatment and $5 million for youth sports. Fines and adjustments brought in an additional $23.3 million, including a significant $17.5 million penalty. A close-up of a roulette wheel in a luxurious casino. For this article, we screened for companies that are involved in gambling and formed an initial list of 20 gambling stocks. Then, we selected the 12 stocks that had the highest upside potential as of April 11, 2025. We have only included stocks in our list with an upside potential of 40% or higher. The stocks are ranked in ascending order of the upside potential. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Analysts' Upside Potential as of April 11: 47.21% Boyd Gaming Corporation (NYSE:BYD) is a gaming firm with operations in numerous jurisdictions. The company operates completely owned gambling entertainment locations in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania, which include casinos, slot machines, table games, and hotel rooms. Its business categories are geographically organized into four areas: Online, Midwest and South, Downtown Las Vegas, and Las Vegas Locals. The majority of the company's sales come from entertainment properties in the Midwest and South. The firm's outstanding year performance was fueled by its broad business model, continued operational efficiencies, and recent real estate investments. It reported $3.9 billion in revenue for the fiscal year 2024, setting a new record. While maintaining operating margins of more than 40% at the property level, the company's overall EBITDA was around $1.4 billion. These statistics show Boyd Gaming Corporation's (NYSE:BYD) continuous potential for outstanding financial performance. Furthermore, its fiscal Q4 2024 revenue surpassed $1 billion for the first time, and its EBITDAR increased to approximately $380 million. Treasure Chest Casino's new facility has consistently outperformed forecasts, with revenues significantly higher than pre-expansion levels. Boyd Gaming Corporation (NYSE:BYD) is still working on major expansion projects, including the Cadence Crossing Casino and the construction of a resort near Norfolk, Virginia. These initiatives aim to improve the company's market presence and capitalize on opportunities in rapidly growing locations. Overall, BYD ranks 8th on our list of the 12 Best Gambling Stocks to Buy According to Analysts. While we acknowledge the potential of gambling companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than BYD but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
