This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

6 Casino Stocks: What's the Right Bet for Earnings Season?

Boyd Gaming

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

The sentiment on Boyd Gaming remains muted as its two major markets -- Las Vegas locals and Atlantic City -- continue to struggle.

In February, Nevada gaming revenue dropped 6.8% to $881.8 million. Clark County, which includes downtown Las Vegas as well as the Strip, fell 7% to $769.5 million. The locals market, which is defined as North Las Vegas, Boulder Strip and Balance of Country line, was flat, but the Boulder Strip dropped 5.2% year-over-year.

"That is important for Boyd as its largest locals casino is included in that number," ITG Investment Research analyst, Matthew Jacob, wrote in a note. "Our research has indicated declines at Boyd's Las Vegas locals properties, which we believe will lead to downside versus Street revenue expectations in the first quarter."

In Atlantic City, where Boyd co-owns the Borgata with MGM Resorts, gaming revenue in March slipped 6.7% to $280.5 million. This marked the 31st consecutive month of gross gaming revenue declined in the New Jersey gambling hub.

Boyd is slated to report its first-quarter results on May 3. Wall Street predicts a profit of a penny on revenue of $569.4 million.
5 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
LVS $40.33 -3.90%
MGM $17.13 -4.20%
MPEL $12.86 -4.50%
PENN $12.99 -3.30%
WYNN $59.21 -4.40%


Chart of I:DJI
DOW 15,942.06 -262.91 -1.62%
S&P 500 1,847.49 -32.56 -1.73%
NASDAQ 4,270.8770 -92.2670 -2.11%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs