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MarketScreener Homepage  >  Equities  >  Nyse  >  Boyd Gaming Corporation    BYD

BOYD GAMING CORPORATION

(BYD)
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Boyd Gaming : teams with Aristocrat Technologies on cashless wagering digital wallet

10/26/2020 | 11:16am EST

Aristocrat Technologies, Inc. has partnered with casino operator Boyd Gaming Corp. to launch Aristocrat's cashless wagering digital wallet technology at Boyd Gaming'sBlue Chip Casino Resort Spa in Michigan City, Indiana, according to a press release.

The "Resort Wallet" feature allows patrons to place cash on account at the cashier cage, then use their player loyalty card to instantly access those funds on the casino floor. The digital wallet eliminates the need to handle cash at slot machines or redeem tickets, creating a frictionless experience for the customer.

The Blue Chip launch will initially provide access to the wallet for slot machine players, allowing them to use their B Connected player loyalty card to place wagers and cash out credits. In future stages, access to the digital wallet will be expanded to table games, restaurants and other amenities at Blue Chip.

Aristocrat and Boyd Gaming intend to expand digital wallet technology to additional Boyd Gaming properties across the country. The two companies also plan to integrate the digital wallet into Boyd Gaming's B Connected Mobile app, creating a digital, touchless experience for Boyd Gaming customers.

In response to the COVID-19 pandemic, many regulators have asked manufacturers to accelerate their cashless strategies.

Aristocrat's Oasis CX 360T solution, now installed at Boyd Gaming properties nationwide, combines casino management technology comprised of slot management, bonusing, digital, table management, single-card loyalty solutions, kiosks, mobile and a media management hub all together.

For an update on how the coronavirus has affected the kiosk industry, click here.

Copyright © 2020 Networld Media. All rights reserved., source Industry News

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Financials (USD)
Sales 2020 2 215 M - -
Net income 2020 -62,8 M - -
Net Debt 2020 3 948 M - -
P/E ratio 2020 -64,2x
Yield 2020 0,13%
Capitalization 4 409 M 4 409 M -
EV / Sales 2020 3,77x
EV / Sales 2021 2,76x
Nbr of Employees 24 300
Free-Float 72,5%
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Technical analysis trends BOYD GAMING CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 42,36 $
Last Close Price 39,53 $
Spread / Highest target 24,0%
Spread / Average Target 7,17%
Spread / Lowest Target -41,8%
EPS Revisions
Managers
NameTitle
Keith E. Smith President, Chief Executive Officer & Director
William Samuel Boyd Executive Chairman
Stephen S. Thompson Executive Vice President-Operations
Theodore A. Bogich Executive Vice President-Operations
Josh Hirsberg Chief Financial Officer, Treasurer & Executive VP
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