12 Best Gambling Stocks to Buy According to Analysts

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8. Boyd Gaming Corporation (NYSE:BYD)

Analysts’ Upside Potential as of April 11: 47.21%

Boyd Gaming Corporation (NYSE:BYD), one of the Best Casino Stocks, is a gaming firm with operations in numerous jurisdictions. The company operates completely owned gambling entertainment locations in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania, which include casinos, slot machines, table games, and hotel rooms. Its business categories are geographically organized into four areas: Online, Midwest and South, Downtown Las Vegas, and Las Vegas Locals. The majority of the company’s sales come from entertainment properties in the Midwest and South.

The firm’s outstanding year performance was fueled by its broad business model, continued operational efficiencies, and recent real estate investments. It reported $3.9 billion in revenue for the fiscal year 2024, setting a new record. While maintaining operating margins of more than 40% at the property level, the company’s overall EBITDA was around $1.4 billion. These statistics show Boyd Gaming Corporation’s (NYSE:BYD) continuous potential for outstanding financial performance. Furthermore, its fiscal Q4 2024 revenue surpassed $1 billion for the first time, and its EBITDAR increased to approximately $380 million.

Treasure Chest Casino’s new facility has consistently outperformed forecasts, with revenues significantly higher than pre-expansion levels. Boyd Gaming Corporation (NYSE:BYD) is still working on major expansion projects, including the Cadence Crossing Casino and the construction of a resort near Norfolk, Virginia. These initiatives aim to improve the company’s market presence and capitalize on opportunities in rapidly growing locations.

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