Boyd Gaming Corp

BYD: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$33.51	Zqtcj	—

New Credit Rating: Boyd Gaming

Jun 15, 2010

Morningstar is initiating credit coverage of Boyd Gaming BYD with a B- rating. Boyd Gaming wholly owns and operates 15 casino properties in five states. Nine properties are in the greater Las Vegas area, three are in Louisiana, and Mississippi, Illinois, and Indiana have one each. The company also owns a 50% interest in the Borgata, a $1 billion resort-casino in Atlantic City that opened in July 2003. Acquisitions include Coast Casinos, which added four properties in Las Vegas, and Harrah's Shreveport in Louisiana.

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