Stardust Casino to Be Launched in Pennsylvania and New Jersey

Old Photo of the Stardust Sign in Las Vegas

The legendary gaming brand Stardust Casino will be resurrected as an online gaming option in Pennsylvania.

This was announced on Monday by a group led by Boyd Gaming and FanDuel. Pending regulatory approvals, the consortium plans to launch its online platform in April. At the same time, it was also announced that FanDuel’s Betfair Casino in New Jersey will be rebranded to the Stardust name.

A single Stardust App will be used for both states. This will be available via IOS, Google Play, and the website stardustcasino.com It will feature a wide range of slots and table games, including a live dealer version of those.

Said Keith Smith, President and Chief Executive Officer of Boyd Gaming:

“For nearly 50 years, the Stardust was one of the most famous casinos on the Las Vegas Strip. And while the resort has been gone for more than a decade, the Stardust brand is still as well-known and popular as ever. We are excited to work with our partners at FanDuel to launch our first real-money online casinos and are confident this legendary brand will give us a significant advantage in connecting with players looking for a distinctive online gaming experience.”

15th iGaming Platform in Pennsylvania

If no other iGaming platform launches between now and April, the Stardust online casino will be the 15th of its kind in Pennsylvania after BetMGM launched its Borgata brand last month.

Boyd Gaming owns the Valley Forge Casino Resort in Pennsylvania through which FanDuel operates an online platform that accommodates sports betting and casino games. That FanDuel site is expected to be retained while the Stardust online casino, which will operate without a sportsbook, uses a second iCasino skin belonging to Boyd Gaming.

Boyd’s First Venture in Online Gaming Industry

Founded in 1975, Boyd Gaming has a total of 28 gambling properties across 10 U.S. states. But despite its casino operations being geographically diversified, the Stardust Online casino is Boyd Gaming’s first venture in the online gaming industry.

Boyd Gaming owns 5% equity in the FanDuel Group so there was no surprise why it picked the sportsbetting operator as partner for this new endeavor. FanDuel’s proprietary front-end, apps, and player management system will be used in the Stardust project and those will be linked to Boyd’s B Connected player loyalty program.

One of Las Vegas’ Most Iconic Casinos

The Stardust was one of Las Vegas’ most iconic casinos and it played a big part in Las Vegas being branded as “Sin City”. Conceived by Italian-born businessman Tony Cornero who was a gambling entrepreneur during the 1920s to 1950s, Stardust began construction in 1954. After Cornero died in 1954, the unfinished casino changed ownership several times before Rella Factor acquired the resort and finished the project. The Stardust finally opened in 1958.

In 1985, the Strip property was bought by Boyd Gaming and kept ownership until 2006 when the Stardust was closed. Boyd revealed plans to build a $4.8B resort called Echelon Place on the former Stardust site but the Great Recession ended its ambitions. The former Stardust site remained a vacant lot until it was bought by the Genting Group in 2013 as the site of its Resort World Las Vegas property.

Boyd Gaming’s Revenue Reports For 2020 Are Out

Boyd Gaming Logo

Boyd Gaming is one of the biggest and most profitable casino operators in the United States. Unfortunately, this company has been seeing steady drops in its gaming earnings for almost an entire year. This week, Boyd Gaming’s revenue reports for last year were finally released.

Not many are surprised to see where the company’s financial figures stand. Just about every single major casino company across the US has seen large revenue dips lately. Today, we’ll discuss how much Boyd managed to generate throughout 2020.

Let’s get into it!

Are US Casino Destinations Finally Seeing a Comeback?

Since March of 2020, nearly every single industry that relies on tourism has been struggling. That includes the casino industry. Places like Las Vegas and Atlantic City immediately saw an almost 100% drop in gaming revenue after the casino shutdowns that month.

Casinos started reopening over the summer. Some were then forced to close again as the winter months approached. Meanwhile, the companies that operate these casinos have been doing their best to increase revenue while cutting down on costs.

There has been a serious debate over when major US casino hubs will see a true comeback. Some felt that with effective vaccine distribution, this could take place by the summertime. Others believed it would be years before places such as Las Vegas saw 2019-level revenue figures.

There are some promising signs at the moment. The country’s infection numbers seem to be dropping. Vaccines are being more widely distributed and many states are now choosing to lift their heavy restrictions.

Nevada even seems ready to enter a new phase of health regulations. Governor Sisolak recently announced he will begin increasing indoor capacity limits if case numbers continue to drop. That could help to significantly boost tourism into Las Vegas.

Casino companies are cautiously optimistic. Recently, many have begun releasing their revenue figures for last year. That includes the Nevada-based Boyd Gaming Corporation.

Here’s a Look at Boyd Gaming’s Revenue Reports

Boyd Gaming is one of the country’s biggest casino companies. It was founded in 1975 in Las Vegas Nevada. Over the past few decades, this company has expanded significantly around the United States and now operates a huge number of popular gambling properties.

Obviously, this company experienced a huge revenue drop immediately after the casino shutdowns in March. These revenue declines continued throughout the entire year. This week, we finally saw exactly how much money this company made in 2020.

Boyd Gaming’s revenue reports are officially out. It has been revealed that Boyd earned just $2.18 billion in 2020. That is a staggering drop from the $3.33 billion earned in 2019. The company’s total Adjusted EBITDAR for 2020 was $609.9 million.

Quarter four of 2020 proved to be extremely difficult. These revenue reports show that Boyd Gaming earned $635.9 million throughout October, November, and December. This is another large drop from the $833.1 million earned over the same months in 2019.

Analysts predicted that Boyd Gaming would see a significant drop in its overall revenue figures. Some were surprised to see exactly how large of a dip this ended up being. There is reason to be optimistic about the company’s prospects in 2021, though.

Places like Las Vegas seem to be getting more visitors lately. That, in turn, will lead to more gaming revenue. We’ll continue offering more updates on the revenue figures over the next few months!

Boyd Gaming Announces New Cashless Gaming Wallet

Casino companies around the US have been doing everything they can to make things safer for their guests and employees. It’s been a struggle keeping up with regulations. One of the ways to achieve this goal is cutting down on players sharing casino chips and cash.

This week, Boyd Gaming revealed a brand-new cashless gaming wallet. This new wallet, called BoydPay, will now become available at many of Boyd Gaming’s properties including one in Las Vegas. It can be used to play or cash out on slot games.

Officials within Boyd claim this will soon become available at all of the company’s properties. Blake Rampmaier, Boyd Gaming’s senior vice president, spoke about this new system to the media this week.

“BoydPay is all about enhancing the guest experience,” he said. “Through our innovative partnership with Aristocrat, we will create a unique and seamless payment experience for Boyd Gaming customers, allowing them to use their smartphones to play casino games, cash out, and pay for restaurant meals, show tickets or hotel rooms.”

Several other major casino companies are working to launch cashless gaming systems this year, too. It’s a growing trend amongst players, particularly during these times. It will be interesting to see if this helps to boost visitation rates at Las Vegas casinos.

Are you surprised at Boyd Gaming’s revenue reports? How do you think the company will fare in 2021? Let us know in the comments section below.

Eldorado Casino in Henderson Has Officially Been Sold

Boyd Gaming Logo

Henderson, Nevada is home to a number of popular casinos. Unfortunately, many of the gambling venues based in this city have seen large revenue drops throughout the year. New reports claim that the Eldorado Casino in Henderson has just officially been sold by Boyd Gaming.

Many analysts saw this coming. Boyd Gaming has been interested in getting rid of this gaming venue for many years. Today, we’re going to talk about what this means for the company moving forward.

Let’s get into it!

Nevada’s Casino Industry is Working Hard to Recover

Since March, we have been covering the economic situation unfolding in Nevada. The casino shutdowns ordered here took a massive toll on the state. Tourism came to a screeching halt and thousands of individuals lost their jobs.

It wasn’t until June that casinos were able to open their doors again. Over the next few months, more and more of the major casino-resorts in cities like Las Vegas started accepting guests. Most of the big casinos in this state are now open once again.

Things are still far from normal, though. Nevada continues to see an increasing number of Covid-19 cases being reported. As a result, Governor Steve Sisolak has been forced to implement more intense safety measures. That includes an order limiting casino occupancy to just 25% set last month.

It’s an extremely difficult time for Las Vegas, a city that in many ways relies on tourism and gambling. In October, the state saw a revenue decrease of 20% when compared to the same month in 2019. Unfortunately, many predict an even larger drop to be reported for the month of November.

With travel restrictions set in place throughout the country, Las Vegas is seeing far fewer visitors than it did over the summer. Many of the hotel-casinos in this city have recently begun closing during the week due to this drop in tourists. If what health experts are saying is correct, this trend could continue for months to come.

Fortunately, none of the major casinos in this state have been ordered to close once again. Casino companies here are now doing everything they can to generate revenue effectively.

Boyd Gaming Officially Sells Eldorado Casino in Henderson

Boyd Gaming is one of the most established casino companies in Nevada. It was founded back in 1975 and now controls a huge number of gaming venues around the country. That includes the Fremont Hotel and Casino in Downtown Las Vegas.

This company has been hurting for most of the year. Like most other casino operators in Nevada, Boyd Gaming has been seeing massive revenue drops. In July, it was forced to lay off approximately 25% of its workforce.

Fortunately, the company is getting some much-needed money right now. Reports have confirmed that Boyd Gaming has officially sold the Eldorado Casino in Henderson. It’s a long-time coming and many analysts were surprised it didn’t happen sooner.

Boyd sold this company to DeSimone Gaming. The company released an official statement to the media about this property sale this week.

“The Eldorado was a non-core asset to the company, and as we have continued to grow over the years, this property represented a very modest part of our overall business,” the statement said. 

Boyd Gaming has long-complained that the Eldorado Casino has been one of the company’s worst-performing casinos. Its sale may end up saving a large amount of money in the future. Specific details of the casino sale have not been reported.

There’s a good chance that we will see more of these casino sales over the next few months. Stay tuned for updates!

Henderson’s Casino Industry May Soon Expand

Henderson is located directly next to Las Vegas and is home to more than 300,000 individuals. As you might expect, there are a large number of popular casinos in this city. It’s a local gambling hotspot and seems ready to expand in the near future.

New reports claim that Marnell Gaming is considering opening a new casino in Henderson. The company believes Henderson would benefit from opening a Las Vegas-style casino-resort. If all goes according to plan, this could open sometime in the next few years.

Of course, now might not be the perfect time to focus on expansion plans. Many of the casino companies in Nevada are simply trying to break even right now. Tourism appears to be dropping throughout the state and may not recover for months.

There are some massive new casinos opening in Las Vegas soon. That includes Resorts World Las Vegas, the most expensive gambling venue ever constructed here. Many expect this to be a game-changer for the northern area of the Strip.

Boyd Gaming is doing everything it can to bring in money right now. The sale of the Eldorado Casino in Henderson is now official. Hope is that the casinos this company operates begin seeing revenue increases soon.

Do you think it’s time for Henderson to open more casinos? Let us know in the comments section below!

Boyd Gaming and Aristocrat Launch a Cashless Wagering Digital Wallet

Row of Slot Machines in Casino

As one of its responses to the COVID-19 pandemic, Boyd Gaming Corporation has partnered with Aristocrat Technologies for the introduction of a cashless wagering digital wallet at Boyd’s Blue Chip Casino Resort Spa in Michigan City, Indiana.

With regulators asking gambling operators to come up with cashless strategies to combat the spread of the COVID-19 virus and customers looking to a convenient way to place bets, Boyd and Aristocrat have heeded the call. During an announcement last Monday, Boyd Gaming Senior Vice President and Chief Information Officer Blake Rampmaier said this innovation will enhance client experience at Boyd properties.

Added Rampmaier:

“Building on our strategic partnership with Aristocrat, Boyd Gaming continues to add best-in-class mobile cashless wagering and contactless solutions that will greatly enhance the patron experience at our properties. As previously announced, we will continue to leverage our partnership with Aristocrat to drive mobile innovation in a secure and exciting environment for our patrons.”Resort Wallet Feature

The digital wallet is part of Boyd’s “Resort Wallet” scheme. Under this feature, Boyd patrons can can place an amount on the account at the cashier’s cage. Then they can use their casino Loyalty Cards to access the casino floor and play games.This digital wallet eliminates the need to use cash when playing slot machines.

As of the moment, this cashless wallet feature can only be experienced by slot machine players, allowing them to use their B Connected loyalty cards to place wagers and cash out credits.However, Boyd plans to expand its use to table games, restaurants, and other casino amenities.

Expanding To Other Properties

The new product is currently limited to Blue Chip Casino but Boyd plans to expand its use to its other properties across the country, pending regulatory approvals and depending on the success of its maiden launch.Boyd Gaming also intends to integrate this cashless wallet to its B Connected Mobile App so that their patrons will fully experience touchless gaming.

With many regulators calling for the development of a cashless payment system, Boyd and Aristocrat believe that this pandemic-hit period is the best opportunity to offer cashless gaming solutions.

Boyd Gaming May Only Reopen 7 of its 10 Properties Once Shutdown Ends

California Hotel Las VegasBoyd Gaming Corporation, who owns 10 properties across the Las Vegas valley and 29 properties nationwide, may not be reopening its three downtown properties right away once Governor Sisolak lifts the shutdown order on casinos in Nevada.

Since downtown Las Vegas relies heavily on tourism, Boyd’s three down properties, California Hotel, Main Street Station, and the Fremont Hotel, may most likely have to wait until tourism starts to ramp back up downtown before they can open their doors to the public again.

Boyd’s California Hotel, for one, relies heavily on Hawaiian tourists for business. Las Vegas is also referred to as the “Ninth Island” for many who either visit from the state or have come to make Las Vegas their home. California Hotel gears its marketing specifically toward its Hawaiian crowds, with specific cultural events and dining options.

Boyd Properties Rely a Large Percentage of Business on Local Retirees

Just a couple of weeks ago, Boyd Gaming’s CEO Keith Smith said he believed that local casinos could be the driving force behind Las Vegas’ rebound.

According to Smith, the last time Las Vegas experienced an economic downfall was the recession period between 2008-2009, and what that situation proved was that the Strip didn’t refuel the locals market.

Although Strip properties were able to rebound quicker during the 2008 financial crisis, Boyd Gaming Corp. doesn’t see the same thing happening with the pandemic causing more worries to arise in travelers.

With confidence in air travel wary amid the coronavirus pandemic, the local market could very well prove to be Las Vegas’ saving grace once casinos reopen soon.

Boyd’s properties outside of downtown Las Vegas, including The Orleans, Gold Coast, Suncoast, Aliante Casino, Eastside Cannery, Cannery, and Sam’s Town, rely heavily on local retirees for their business.

“Those retirees didn’t have a job before this started, don’t have a job now. They still have their income,” Smith pointed out.

Local Gamblers Will Want to Return Once Casinos Reopen

With many Las Vegas residents having cabin fever due to stay-at-home orders, especially retirees without work, it’s predicted that many will want to drive down to their nearest local casino once they’ve been given the green light to reopen.

The local market will be vital in Las Vegas’ economic rebound, as it’s unsure how the Strip properties will do, especially since their business relies heavily on out-of-state and international visitors.

Boyd properties, on the other hand, doesn’t see much visitation from international guests.

Josh Hirsberg, Boyd’s executive vice president and CFO, pointed out that people aren’t going to want to travel. He believes that most people are just waiting to get back to “normal life,” or what they considered to be normal before the coronavirus hit.

Hirsberg said that for the locals market, that returning to normal can happen “pretty quickly” with Boyd’s properties.

Boyd Gaming Experiences 18% Revenue Drop in First Quarter

It’s no surprise that Boyd Gaming and other casino operating companies have experienced big revenue drops in the first quarter due to the pandemic.

According to preliminary results, Boyd Gaming’s revenue dropped 18 percent to $680.5 million for 2020’s first quarter.

Even with the revenue drop, CEO Keith Smith believes the company is in a good position to sustain itself throughout the shutdown. The company even plans to come out on the other side “more efficient” and “operationally-focused.”

In an effort to save on payroll costs, Boyd furloughed many of their team members. A common move for casino properties in Las Vegas to combat the economic downfall caused by the closures. Company executives are also expected to see “significant salary reductions.”

Stay Tuned

It will definitely be interesting to see what happens when casinos reopen in Las Vegas. In the same fashion as Boyd Gaming, casino operators on the Strip are also planning on not reopening all of their properties at once, such as Caesars Entertainment and MGM Resorts.

Whether downtown Las Vegas will take a while to rebound or not is something we’ll have to wait and see about.

Do you think tourism will return once casinos reopen in Las Vegas? Share your thoughts with us below!

Las Vegas Suncoast Hotel Land is Going Up for Sale

The Suncoast Hotel & Casino is one of the most popular venues in the city for locals not located on the Las Vegas Strip. It’s continued to generate revenue over the years, despite its less-than-desirable location. Interestingly, the land that the Las Vegas Suncoast Hotel sits on is going up for sale.

Las Vegas Suncoast Hotel

Not many predicted that this casino’s land would be sold. On the surface, it looked as if this gambling venue was outperforming many others in the city. Here’s what we know right now.

About the Las Vegas Suncoast Hotel & Casino

All the way back in 1998, Michael Gaughan announced plans for a $145 million project. It was revealed that this casino-resort would be constructed in the northwest area of Las Vegas, on the corner of Rampart Boulevard and Alta Drive. In 1999, the project was officially named Suncoast.

Construction began in late 1999 and was eventually wrapped up in mid-2020. The final cost of the Suncoast was $185 million.

This venue opened its doors to the public on September 12th of 2000. It was expected that 90% of the visitors would be Las Vegas locals. Visitors here were given access to the casino’s 78,000 square foot casino floor featuring 48 table games and hundreds of slots.

In 2016, Boyd Gaming partnered with Miomni to begin offering online sports gambling options to customers.

This gambling venue was won numerous awards over the years. In 2002, it was given the “Best of Las Vegas” award for having the best electronic poker gambling options. It attracted many visitors and gained a reputation as a true locals hotspot.

To the surprise of many, the Las Vegas Suncoast’s land is now going for sale.

Land Surrounding Suncoast Hotel is Going for Sale

Boyd Gaming, the company that took control of the Suncoast in 2004, has confirmed that the land surrounding this hotel-casino is officially going up for sale. Company officials are maintaining that they will continue to operate the casino.

Eric Carlton, an executive at real estate firm Colliers International, spoke about this land going for sale to the media this week.

“The Suncoast land is 49.13 acres in the highly coveted master planned community of Summerlin and presents a once in a lifetime generational opportunity,” according to the property listing on Loopnet.”

It’s important to note that only the land that this casino sits on is going for sale. The gambling venue itself is not being sold. Owners of this land are simply looking to cash out. According to Fox 5 Las Vegas, the asking price is $87 million.

It’s very likely that several companies will bid for this land. Buyers of this property will gain a fee title and could acquire up to $60,000 in annual rent.

Other Great Las Vegas Casinos for Locals

Las Vegas is home to a huge number of small casinos that are visited primarily by locals. The majority of these venues are located off the Las Vegas Strip. Perhaps the best casino for locals in the Red Rock Casino Resort.

Red Rock is owned by the Fertittas and is one of the coolest resorts in the city. It features more than 118,390 square feet of gambling space and a hotel with 830 rooms. There are enough gambling options to keep even the most hardcore gambler busy for days.

The South Point Casino & Spa is another Las Vegas gambling establishment that’s beloved by locals. There’s a fantastic casino here offering all of the gambling options you’re looking for. The hotel is fantastic and affordable, as well.

The Las Vegas Suncoast hotel remains one of the best venues for locals to gamble at. The land that this casino sits on is officially going for sale, yet it’s unlikely to have any major impact.

Stay tuned for more Las Vegas gambling news over the next few months!