Jefferies Comments On Recent Casino Sector Growth (BYD)

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“The Illinois Gaming Board released January casino revenues totaling $108.6M for a YoY decline of 6.0%,” according to the report. However, Jefferies mentioned that the Maryland lottery reported “total January slot revenues of $10.8 million, representing sequential growth of 64.5% thanks to the contributions from a new casino, Casino at Oceans Downs.” Florida also experienced casino revenue growth of 8% year over year. Boyd Gaming
BYD
is a gaming company that owns and operates 15 casino facilities. Shares of Boyd Gaming are currently trading up 13% from Monday's close at $11.01.
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Posted In: Analyst ColorAnalyst Ratingsboyd gamingCasinos & GamingConsumer DiscretionaryJefferies
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