Boyd Gaming Shares Solid Since New Deal

Last week, Boyd Gaming Corporation signed a deal with Youbet.com to allow wagering among Youbet's 210,000 subscribers. After the deal was signed, the company saw a modest increase in their stock. A week later, the shares are up over 12%, something investors in the gambling sector are very happy to see.

Before the deal, shares of Boyd Gaming hovered around 43 bucks a share. Today, the stock closed at just under $49 dollars.

According to Michael Glassman, a noted financial columnist covering the gambling industry, "Boyd keeps delivering on its promise to investors. They continue to create new markets and discover creative ways of generating interest and revenue. As soon as you think they've hit a stalemate, Mr. Boyd finds a new idea."

Wagering site Youbet will feature races and allow online advance deposit wagering for Boyd's Delta Downs Racetrack and Casino in Louisiana. Delta Downs will promote Youbet with signs, and print, online and television advertising. Youbet will also offer prizes to Delta Downs customers.

Boyd Gaming operates 16 casinos in five different states across the US. Some of Boyd's recent moves include the purchase of Dania Jai Alai in South Florida. They sold their South Coast Hotel and Casino back in 2006, a move investors we're very pleased with.



March 26, 2007
Posted By Tom Jones
Staff Editor, CasinoGamblingWeb.com    Previous Page | Internet Gambling | Top Online Casinos | Submit News!