Boyd Gaming sells Sam's Town Hotel to Bally's Corporation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 26 2026
0mins
Source: Newsfilter
Boyd Gaming Corp's stock rose 3.04% as it reached a 20-day high amid a challenging market environment where the Nasdaq-100 and S&P 500 are down.
The increase in stock price follows Boyd Gaming's announcement of the sale of Sam's Town Hotel and Casino in Louisiana to Bally's Corporation, which is expected to close in Q3 2026. This strategic move reflects Boyd's ongoing focus on refining its operational model and adapting to market changes. Bally's Executive Chairman Soo Kim expressed confidence in the Shreveport market, indicating plans for reinvestment and growth in the region.
This sale aligns with Boyd Gaming's strategy to optimize its property portfolio, showcasing the company's commitment to enhancing operational efficiency while maintaining strong customer service. The market's reaction to this news indicates a positive outlook for Boyd Gaming's future.
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Analyst Views on BYD
Wall Street analysts forecast BYD stock price to rise
11 Analyst Rating
4 Buy
7 Hold
0 Sell
Moderate Buy
Current: 88.840
Low
84.00
Averages
93.70
High
110.00
Current: 88.840
Low
84.00
Averages
93.70
High
110.00
About BYD
Boyd Gaming Corporation is a gaming company. The Company operates over 27 brick-and-mortar gaming entertainment properties. It owns and operates Boyd Interactive, a business-to-business (B2B) and business-to-consumer (B2C) online casino gaming business. Its segments include Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online. The Las Vegas Locals segment consists of eight casinos in the Las Vegas metropolitan area. The Downtown Las Vegas segment consists of California Hotel and Casino, Fremont Hotel & Casino, and Main Street Station Hotel and Casino. Its Midwest & South properties consist of five land-based casinos, five dockside riverboat casinos, three racinos and four barge-based casinos that operate in ten states, predominantly in the Midwest and southern United States. The Online segment includes its online gaming technology company that provides proprietary solutions on both a B2B and B2C basis in regulated markets across the United States and Canada.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Diverse Industry Background: Andersen's executive roles at Target and Abercrombie & Fitch equip her with strong customer-centric skills, while Roeth's 27-year career at Clorox provides him with deep marketing and operational management knowledge, which will aid Boyd Gaming in enhancing its market position in the competitive entertainment industry.
- Diversified Business Strategy: Boyd Gaming operates 27 entertainment properties across 11 states and enhances customer loyalty through its Boyd Rewards program, with the new board members expected to drive strategic development in diversification and customer experience.
- Industry Recognition and Commitment: Recognized by Forbes as one of
See More
Boyd Gaming Appoints New Board Members
- New Board Members: Boyd Gaming Corporation has appointed Stacia J. Andersen and George C. Roeth to its Board of Directors, with Andersen previously serving as Chief Customer Officer at PetSmart and Roeth as CEO of Central Garden and Pet, both bringing extensive management experience to the board.
- Diverse Industry Background: Andersen has over 20 years of executive experience at Target and Abercrombie & Fitch, while Roeth held multiple executive roles at Clorox, including co-CEO, highlighting Boyd Gaming's strategic vision in executive selection.
- Diversified Operations: Boyd Gaming operates 27 entertainment properties across 11 states and manages a tribal casino in Northern California, showcasing its extensive footprint and influence in the U.S. gaming industry.
- Customer Loyalty Program: The company connects its nationwide portfolio through Boyd Rewards, recognized as the nation's favorite casino loyalty program by readers of USA Today and Newsweek, further enhancing customer retention and competitive positioning.
See More
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- Surge in Electric Truck Orders: Chinese manufacturer Sany Heavy Industry has received an order for approximately 880 electric trucks, expected to be shipped by the end of June, reflecting urgent overseas demand driven by rising shipping and oil costs.
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See More
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- Financial Performance: Analyst Mike Hickey noted that Boyd is projected to generate $890 million in revenue and $421 million in AEBITDAR in 2025, showcasing an industry-leading 47% margin that underscores its strong profitability.
- Market Outlook: While weaknesses in Las Vegas destinations and disruptions from the Suncoast renovation may impact long-term earnings and free cash flow, easier comparisons in the second half of the year and the completion of major renovations are expected to set up the Las Vegas locals segment for strong results.
- Acquisition Opportunities: Hickey highlighted that Boyd's robust balance sheet positions the company to evaluate potential acquisition opportunities arising from future asset divestitures, especially as M&A activity in the casino sector intensifies.
See More
