IR BYD Fact Sheet
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August 2011 - NYSE: BYD
|BOYD GAMING CORPORATION|
At A Glance (as of 8/25/11)
(1) Adjusted Earnings is net income (loss) before preopening expenses excluding the impact of LVE, change in fair value of derivative instruments, write-downs and other items, net, adjustments to property tax accruals, net, acquisition-related expenses, Tunica flood expenses, net of recoveries, and valuation adjustments related to consolidation, net.
Now in its 36th year of operations, Boyd Gaming is one of the most established and well-respected companies in the gaming industry, owning and operating 16 gaming facilities in six states. Our portfolio of gaming properties spans the nation, from the gaming meccas of Las Vegas and Atlantic City to markets across the Midwest and South, including operations near Chicago, New Orleans, Memphis and Shreveport, Louisiana.INVESTMENT HIGHLIGHTS
STRENGTH THROUGH DIVERSIFICATION
With 16 gaming properties in nine distinct gaming markets, Boyd Gaming is one of the most geographically diversified companies in the gaming industry.
Our Las Vegas Locals and Midwest and 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 Sam’s Town Las Vegas, located on Las Vegas’s “Boulder Strip,” and The Orleans, located less than two miles west of the Las Vegas Strip. The Company’s Atlantic City and Downtown Las Vegas offerings are more tourist-oriented; Borgata has quickly established itself as the must-see luxury destination of Atlantic City, while our three Downtown Las Vegas properties – California, Fremont and Main Street Station – cater to an intensely loyal customer base from Hawaii.
INVESTING IN THE FUTURE
We’ve grown substantially over the last two decades by pursuing attractive growth opportunities, and we plan to continue that strategy in the years to come.
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.
(2)Adjusted EBITDA for the last 12 months ended June 30, 2011.
(a) Results for the three months ended June 30, 2011 and 2010, respectively, reflect the consolidation of Borgata for the entire periods.