Boyd shares rise on New Jersey online gambling success
Boyd shares are still down over 27% from the Oct. 18 high of $14.35, so for some enthusiasm for BYD remains muted. The firm also announced that following an initial trial period, two Borgata-branded gaming sites were approved by the Division of Gaming Enforcement to accept wagers from the general public in the state of New Jersey.
"The launch of our first real-money online gaming product is an exciting milestone for our company," Keith Smith, president and CEO of Boyd Gaming, said in a statement. "Boyd Gaming views online gaming as a compelling opportunity to further grow and diversify our operations, and the launch of our New Jersey online product is the most significant step yet in that effort."
Headquartered in Las Vegas, Boyd Gaming has a market cap of $1.1 billion and claims that it "...is a leading diversified owner and operator of 22 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi and New Jersey."
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