Increased visitation boosts Boyd Gaming's prospects, but high costs remain a concern

From Nasdaq: 2025-03-31 10:55:00

Boyd Gaming Corporation (BYD) sees growth from increased visitation and strong results in key segments like Downtown Las Vegas. Investments in property upgrades and expansions drive performance. Online and Managed businesses also contribute to its success, but rising expenses remain a concern. Las Vegas visitation is up, with over 42 million visitors in 2024 and a projected 3% increase in airline capacity in Q1 2025.

Boyd Gaming thrives in Las Vegas Locals and Downtown segments due to property upgrades and stable demand. The company’s 2024 performance was strong, with increased customer activity and retail engagement. Investments in renovations, expansions, and new projects support growth, with EBITDAR reaching $96 million in 2024.

Boyd Gaming plans to redevelop the Par-A-Dice casino and build a $750 million resort in Norfolk, VA. The company’s online segment revenues surged in Q4 2024, hitting $188.8 million. Strong EBITDAR of $76 million for 2024 is projected to grow to $80-85 million in 2025. Rising expenses pose challenges despite improved margins.

MGM Resorts benefits from strong regional performances in Las Vegas and MGM China. Las Vegas Sands sees recovery in Macau and strategic investments in Singapore. Wynn Resorts reports solid gaming wins in Macau and non-gaming growth in Las Vegas. Zacks highlights a top semiconductor stock poised for growth in AI, ML, and IoT sectors. Global semiconductor market expected to reach $803 billion by 2028.



Read more at Nasdaq: Increased Visitation Aids Boyd Gaming’s Prospects, High Costs Ail