Boyd Gaming Corporation News

Fitch said increased competition from the Revel in Atlantic City, which opened in May, and competition from casinos in New York, Pennsylvania, Delaware and Maryland could slice into Borgata's market share.

Boyd Gaming hopes to close its $1.45 billion acquisition of Peninsula Gaming by December, which will give the company ownership of five casinos in Kansas, Iowa and Louisiana.

For the third quarter 2012, Boyd reported a net loss of $15.8 million, or $0.18 per share, compared to net income of $3.1 million.

Despite major damage suffered on the Atlantic City Boardwalk, industry officials have indicated that gaming properties have not experienced the type of physical damage that would prevent their re-opening over the next few days.

Commissioners licensed Boyd Gaming Corp. the Golden Nugget ownership and Fertitta Interactive to launch online poker websites as soon as the technology is approved.

The company expects to complete a landscaping project to hide the unfinished Strip resort by the end of December.

Cantor Gaming, Caesars Entertainment Corp. and Boyd Gaming Corp. will not accept bets on horse races at Golden Gate Fields' 17-day summer meet that began Friday since the Nevada Gaming Control Board has not approved a pari-mutuel contract between Golden Gate and the Las Vegas Dissemination Co. (LVDC).

The company on Tuesday reported a second-quarter net profit of $1 million, or 1 cent per share, narrowly reversing a $3 million net loss, or 3 cents per share, from the same period a year earlier.

Boyd Gaming Corporation's original concept for the CityCenter-like Echelon project - five hotels of various sizes, a large casino, 750,000 square feet of convention space, 30 restaurants, 300,000 square feet of retail and entertainment amenities, all covering 87 acres - is not going to happen.

Boyd Gaming will spend $1.45 billion to acquire the assets of Peninsula Gaming, giving the Las Vegas-based company a presence in Kansas, Iowa and a significant expansion in Louisiana, the company announced Wednesday.

While state and federal lawmakers inch along toward legalization of online gaming,the casino industry's large slot machine makers are already lining up for a piece of the potential action.

Boyd is turning its online player rewards program into a game on its website.

Land-based companies like Caesars Entertainment that once viewed online gambling as a threat are now lobbying for federal regulation of the industry.

Boyd Gaming President and CEO Keith Smith said that Las Vegas has "been through the worst of it" and that the gaming industry will recover.

All 10 publicly traded casino operators and slot machine manufacturers charted by Las Vegas-based financial adviser Applied Analysis posted gains.