Boyd Gaming Corp.
1.51 %
39.58 %
Yet to be announced
Company Overview
Boyd Gaming Corporation operates as a multi-jurisdictional gaming company. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South. As of December 31, 2021, the company operated 28 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania.
Revenue Sources
FailBoyd Gaming Corporation's primary revenue source comes from casino operations and gambling activities, which are considered haram in Islamic finance. The gambling operations constitute well over 2.5% of the company's revenue across all four quarters examined, making up the majority of their business model.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| March 31, 2025 | $991.57m | $840.12m | - | $48.44m | 0.00% | 5.77% |
| Dec. 31, 2024 | $1.04b | $825.56m | - | $45.94m | 0.00% | 5.57% |
| Sept. 30, 2024 | $961.25m | $787.47m | - | $46.21m | 0.00% | 5.87% |
| June 30, 2024 | $967.51m | $783.36m | - | $42.95m | 0.00% | 5.48% |
Based on the financial data provided, Boyd Gaming has significant interest expenses relative to their total expenses. The interest expense to total expense ratio consistently exceeds the 5% threshold across all four quarters examined. The interest expenses range from approximately $42 million to $46 million per quarter, indicating substantial reliance on interest-bearing debt.
Operational Ethics
PassAfter reviewing available information, there is no evidence of significant ongoing associations with entities involved in human rights violations such as the state of Israel or the Chinese Communist Party.
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