July 25, 2025
Boyd Gaming has delivered strong financial results this quarter, posting $1.03 billion in revenue and an adjusted earnings per share of $1.87. The company has shown impressive operational strength and strategic momentum across various segments, setting the stage for continued growth.
Boyd Gaming’s adjusted net income reached $154 million this quarter, supported by thriving Online and Managed operations that have significantly contributed to the overall performance. The strong results in the Las Vegas Locals segment, which recorded operating margins close to 50%, underscore the effectiveness of its focused approach in key markets.
Notably, the growth in the Midwest and South regions—particularly at Treasure Chest Casino—has further bolstered the company’s positive performance. This regional expansion, combined with robust digital operations, has been a critical factor in driving the company's earnings. Meanwhile, the sale of the FanDuel stake has injected additional liquidity into Boyd Gaming’s balance sheet, providing a valuable resource for potential property upgrades and new business ventures.
Investors continue to show confidence in the company, with analysts maintaining a ‘buy’ rating. Boyd Gaming shares are currently priced around $83.50, supported by a forward price-to-earnings ratio of 12 and a median analyst target of $86.50. This positive sentiment reflects not only the company’s recent operational successes but also its strategic positioning for future growth.
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Chloe "LuckyLass" O'Sullivan, with her Irish charm, has an uncanny ability to spot the rising stars in the casino universe. As a core writer for NewCasinoRank, she delves deep into new platforms, ensuring readers get the first glimpse of tomorrow's top casinos today.