Nevada Reports Las Vegas Strip Gaming Win Up 6.58% to $689.45M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 hours ago
0mins
Nevada Gaming Control Board reports April Las Vegas Strip gaming win up 6.58% vs. last year to $689.45M. Publicly traded companies in the space gambling include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (FLUT), Gan Limited (GAN), Genius Sports (GENI), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn Entertainment (PENN), Rush Street Interactive (RSI), Sportradar (SRAD) and Wynn Resorts (WYNN).
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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: 83.210
Low
84.00
Averages
93.70
High
110.00
Current: 83.210
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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- Pressure in Chinese Market: Tesla has fallen behind competitors like BYD in electric vehicle sales in China, highlighting the potential urgency for a merger to enhance Tesla's competitive position in this critical market.
- Semiconductor Project Progress: Tesla and SpaceX are developing the Terafab semiconductor manufacturing plant in East Texas, with projected costs up to $119 billion, and a merger could facilitate resource integration and cost management for this ambitious project.
See More
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- Pricing Structure Revealed: According to Tesla's China website, the 'intelligent assisted driving' feature for the Model 3 is priced at 64,000 yuan ($9,409), a pricing strategy that could influence consumer purchasing decisions and potentially boost sales.
- Regulatory Approval Journey: Tesla's FSD technology in China has faced multiple delays in regulatory approval; although Musk anticipated approval by the end of 2024, the actual progress has not met expectations, reflecting the complex regulatory environment the company faces in China.
- Intensifying Market Competition: While Tesla awaited approval, local brands like Xiaomi and Xpeng rapidly advanced their autonomous driving technologies, posing a threat to Tesla's market share, especially as it ranked fourth in electric vehicle sales in April.
See More
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- Political Warnings Intensify: Bipartisan lawmakers in the U.S. caution the White House against using the auto market as a bargaining chip with China, especially after Trump's remarks about welcoming Chinese automakers, which could politically jeopardize the 2026 midterm elections.
- Job Risks Highlighted: The potential entry of Chinese automakers into the U.S. market poses a threat to manufacturing jobs in auto-heavy states like Michigan and Ohio, with lawmakers emphasizing the severe impact on local communities, reflecting the tension between national security and economic interests.
- Legislative Action Accelerates: Representatives from Michigan have introduced a bill to restrict Chinese-made connected vehicles and software, citing national security and data privacy concerns, indicating a strong vigilance against Chinese automotive technology.
- Market Competition Pressure: U.S. consumers face rising car prices, with the average new car costing $49,461, while China offers over 200 electric models priced below $25,000, raising concerns among lawmakers about the competitive impact of Chinese brands' low-price strategies in the U.S. market.
See More
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- Long-Term Revenue Growth Disappoints: Boyd Gaming's annual sales growth rate of 12.7% over the past five years is acceptable in absolute terms but falls short of the consumer discretionary sector's standards, indicating potential long-term performance issues that could undermine investor confidence.
- Mediocre Free Cash Flow Margin: With an average free cash flow margin of 9.5% over the past two years, below industry expectations, Boyd Gaming has limited capacity to return capital to shareholders, raising concerns about its future growth prospects among investors.
- Declining Return on Invested Capital: The significant decline in Boyd Gaming's return on invested capital (ROIC) over recent years, coupled with its already low returns, suggests that the company faces few profitable growth opportunities, which may negatively impact its stock price.
- Reasonable Valuation but High Risk: Although Boyd Gaming trades at a forward P/E of 11.5 (or $85.25 per share), its shaky fundamentals present considerable downside risk, prompting a recommendation for investors to consider other stocks with greater potential.
See More
Prospects and Challenges of US-China AI Cooperation
- Accelerated AI Adoption: China's AI penetration rate is expected to exceed 70% in key industries by next year, enhancing domestic competitiveness and potentially reshaping the global tech landscape.
- Research Strengthening: Zhejiang University and Shanghai Jiao Tong University have surpassed Harvard in scientific performance rankings, indicating rapid advancements in China's research capabilities that will support further AI development.
- Public Attitude Discrepancy: With 50% of Americans wary of AI, compared to a lower acceptance rate in China, this difference may influence the willingness and strategies for cooperation in AI between the two countries.
- Risk of US-China AI Arms Race: Experts warn that if the two nations enter an AI arms race, it would be detrimental not only to them but also to the world, highlighting the importance of international collaboration.
See More
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- Quarterly Cash Dividend: Boyd Gaming Corporation's Board of Directors has declared a cash dividend of $0.20 per share, payable on July 15, 2026, aimed at rewarding shareholders and enhancing investor confidence.
- Shareholder Record Date: The dividend will be paid to shareholders of record as of June 15, 2026, ensuring timely returns for investors and further solidifying the company's relationship with its shareholders.
- Company Background: Founded in 1975, Boyd Gaming operates 27 gaming entertainment properties across 11 states, showcasing its extensive footprint and influence in the U.S. gaming market.
- Loyalty Program Advantage: The Boyd Rewards program is recognized as the nation's favorite casino loyalty program, enhancing customer retention and providing the company with ongoing revenue growth potential.
See More
