“In general, our core customers have not been deterred by the social distancing measures, limited amenities or masking requirements … We intend to keep this philosophy in place after the crisis is over. We think largely that many of the costs will stay out. [Boyd] will not simply return to the old way of doing business.”—Boyd Gaming CEO Keith Smith.
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Boyd: I agree and am happy to see a casino take that position. Wish Boyd would buy a casino in AC, as their Valley Forge Casino is too small and too much traffic to get there.
That is a curious statement, leaves me wondering what Boyd considers to be “amenities”… In another section of LVA, a disgruntled visitor to The Orleans describes his one week stay with zero in room housekeeping, which would permanently bar my wife from ever visiting Las Vegas again, and creep me out as well. Yes, my family would enjoy less crowds, that would mean less smoke, but we would of course want a full slate of restaurants and attractions to be operating. And Boyd should consider that its doing relatively well because it caters to locals, if things dont get better Las Vegas is going to crash from a hospitality employment dearth of jobs, The Station CEO made a curious statement as well, he on purpose said The Palms may never open, what the heck is he “thinking” saying something like that, Hornbuckle of MGM is blaming “the media” for his woes… Maybe these companies should hire me, I say stupid crap all the time…
All bluster. When word gets out, we don’t care about you, and the peons move on to Stations and others, there will be a course correction!
When his “core” customers see the increased table minimums, crappy VP tables and increased house hold so he can make money (ripping off his core customers), they will go elsewhere. And he will change his tune. Won’t last long.
One of the most undervalued gaming companies…. BYD by far is surpassing PENN but all the hot air from PA is making their stock rise. What about all that debt and rent payments? Boyd owns most everything. PENN touting their sports app launching in sept/oct. Boyd partnered with fanduel 2 years ago, launched sports apps over 12/18 months ago, and owns 5% of fanduel. Do they get credit for that? Nope…. fanduel is bigger than draft kings and DK is about 12B in value. But PENN has podcast downloads – wow. That will make them money….