Boyd Gaming Corporation
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| Public | |
| Traded as | : BYD S&P 600 Component |
| Industry | Gambling, Hotels, Entertainment |
| Founded | January 1, 1975 |
| Founder | Sam Boyd, Bill Boyd |
| Headquarters | Paradise, Nevada, United States |
| Products | Casinos, Hotels |
| Revenue |
 US$2.336B (FY 2011)
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US$233M (FY 2011)
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 US$-3.85M (FY 2011)
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| Total assets |
US$5.883B (FY 2011)
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| Total equity |
US$1.202B (FY 2011)
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|
Number of employees
|
18,290 (December 2014) |
| Website | boydgaming |
Boyd Gaming Corporation is an American gaming and hospitality company based in Paradise, Nevada. The company continues to be run by founder Sam Boyd's family under the management of Sam's son, Bill Boyd (born 1931), who currently serves as the company's executive chairman after retiring as CEO in January 2008.
As of December 31, 2009, the 15 wholly owned properties had 7,550 hotel rooms. It also had 812,500 square feet (75,480 m2) of casino space with 21,400 slot machines and 425 table games. Gaming revenue is 75% of total gross revenue.
Boyd Gaming's history dates to 1941, when founder Sam Boyd first arrived in Las Vegas with his family. After being hired as a dealer, Sam Boyd worked his way up through the ranks of the Las Vegas casino industry, first to pit boss, then shift boss. He eventually saved enough to buy a small interest in the Sahara Hotel and Casino; later, Sam Boyd left the Sahara to become general manager and partner of The Mint Las Vegas.
Sam Boyd first partnered with his son Bill in 1962, when the two teamed up to acquire the Eldorado Casino in Henderson, Nevada. Bill, who was then a practicing attorney, acquired his first stake in the Eldorado by doing its legal work. Sam would go on to manage the Eldorado full-time after the Mint was sold in 1968.
Although the Boyd family had been involved in the Las Vegas casino industry for decades, Boyd Gaming Corporation wasn't founded until January 1, 1975, when the company was formed to develop and operate the California Hotel and Casino in downtown Las Vegas. Then known as the Boyd Group, the company initially had 75 investors.
Boyd Gaming embarked on its first expansion in 1979, when it opened Sam's Town Hotel and Gambling Hall on Boulder Highway at Nellis Boulevard. Considered one of the first "locals" properties in Las Vegas, Sam's Town helped inaugurate the later development of Las Vegas' "Boulder Strip."
During these first two decades in operation, Sam and Bill Boyd developed a reputation for running a squeaky-clean operation. As a result, Nevada regulators turned to the Boyds for help following an investigation of skimming operations at the Stardust and Fremont casinos in the mid-1980s. The properties were notorious at the time for their extensive skimming operations; according to the FBI, anywhere from $7 million to $15 million in funds from the Stardust were diverted to organized crime figures between 1974 and 1976 alone.
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Wikipedia