Last year, the AGA estimated that US visitation to casinos had reached 86m total visits. In its place, we have seen a return by gamblers and tourists to a cycle of normalcy in terms of available wallets and frequency of visitations. Overall, the two markets in which BYD has a powerful footprint at the moment are still benefitting from pent-up demand resulting from the effective end of covid.
Our general outlook for the industry today plays well into the BYD bull scenario.
Our bull scenario on the stock springs from qualities we have seen in management over time that stands up to almost any headwind, and gains tailwind momentum fast. We have been covering Boyd Gaming Corporation ( NYSE: BYD) for ten years as an analyst, but have known the company for twenty as an industry participant.
Above: The metro Las Vegas area continues to grow faster than the nation.
