Boyd Gaming Corporation
BYD
Consumer Discretionary
1
exclusion reason
1 theme
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Boyd Gaming Corporation operates 28 casino properties across ten U.S. states (Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania) and manages a tribal casino in northern California. Casino gaming operations including slots, table games, and sports betting are the core business, generating approximately 66% of total revenues in 2024. Online gambling revenues represented an additional 15% of total revenues in 2024, up from 11% in 2023, reflecting the company's expansion into digital gambling. Founded in 1975, Boyd Gaming is one of the largest casino entertainment companies in the United States. The company's revenue is overwhelmingly derived from gambling activities, with non-gaming revenue (food, beverage, hotel) serving primarily as complementary offerings to drive casino floor traffic.
Research Sources
3 organizations
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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
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