Boyd Gaming Corporation (NYSE:BYD) Announces March Online Gaming Revenue


Boyd Gaming Corporation (NYSE:BYD) announced results from Borgata’s online gaming operations in the month of March. Combined, Borgata and generated $4.4M in online gaming revenue, leading the New Jersey online gaming market with a 37% share. Borgata’s online revenue grew nearly 6% from February to $3.2M; the property’s standalone market share was 27%. The company said Borgata and have led the New Jersey market every month since online gaming began in November 2013.

Analysts have a consensus price target of $11.70 on Boyd Gaming Corporation (NYSE:BYD) which indicates a 3.5% downside. The consensus rating of the stock is a HOLD with a score of 2.13. There are currently 3 Buy ratings, 11 Hold ratings and 1 Sell rating on the stock.

A recent analyst action consisted of Ascendiant initiating coverage with a Hold rating.


Suggested Reading: Biggest IPOs Ever