Boyd Gaming Corp
BYD: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$31.69 | Svbfk | — |
Las Vegas Strip, Atlantic City Casinos Continue Declines
Las Vegas Strip gaming revenue tumbled 9.6% in February, and Atlantic City gaming revenue fell 6.7% in March. While we were not surprised by the magnitude of the decline in Atlantic City, which has been on a downward trajectory for several years, we were slightly surprised by the steep decline in Las Vegas, which has now reported lower gaming revenue for four consecutive months.