The benefit, of course, is that if any one region suffers a hardship, the others can sustain it.īoyd's gaming revenues are up 10% this year, helped along by previous acquisitions it made, and it has enjoyed double-digit growth in adjusted earnings before interest, taxes, depreciation, and amortization in the third quarter.

It currently owns and operates 24 properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, and Mississippi. The acquisition gives Boyd the chance to further diversify its geography and expand its customer base. Boyd will pay $575 million for the quartet. Charles and the Ameristar Kansas City in Missouri, the Belterra Casino Resort in Indiana, and Belterra Park in Cincinnati. Yet as part of the transaction, and to ease any antitrust concerns regulators might have, Boyd will buy from Gaming & Leisure Properties (NASDAQ: GLPI) - the real estate investment trust that owns Penn National's properties - the Ameristar St. That supremacy should continue with its acquisition of Pinnacle, which, when the deal is completed, will give Penn National 41 properties across 20 jurisdictions operating approximately 53,500 slot machines, 1,300 tables, and having 8,300 hotel rooms. Even though Las Vegas Sands, MGM Resorts, Wynn Resorts, and Caesars Entertainment all operate properties away from the glitz of the Strip or the Boardwalk, they still derive the lion's share of their revenues from those marquee destinations.īoyd, Penn National, and Eldorado Resorts (NASDAQ: ERI) make their money servicing the gambling demands of other locales, with Boyd being the biggest by market capitalization, though Penn generates more revenues. While Las Vegas commands most of the headlines, the shadow it casts allows smaller operators to grow relatively undisturbed out of the spotlight.

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