Jefferies Comments On Recent Casino Sector Growth (BYD)

“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 (NYSE: 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.