ANNUAL REPORT 2010 OUR APPROACH

Transcription

1 ANNUAL REPORT 2010 OUR APPROACH

2 At Boyd Gamig, measurig our o the big picture. Our approach is for our shareholders ad stregthe casio etertaimet compay.

3 success has log bee about focusig to create log-term, sustaiable growth Boyd Gamig s positio as a leadig

4 Dear Shareholder: Sice our last report to shareholders, the ecoomic climate has cotiued to create a challegig eviromet for the gamig idustry. Yet, by remaiig focused o efficiet maagemet of Compay resources ad the stregtheig of our core busiess, Boyd Gamig Corporatio s fiacial foudatio remais solid. We met the challeges of the last several years head o, ad have emerged i a stroger positio tha may of our competitors. Our geographically diverse portfolio of properties ejoys leadership positios i Las Vegas, Atlatic City, ad commuities throughout the Midwest ad South. As the atioal ecoomy regais its footig, we are poised to grow alog with it. Boyd Gamig has ever bee a compay that reivets itself with every ew tred or shift of the ecoomic wids. We are committed to a soud, cosistet ad strategic approach to growig our busiess. That is how we built the Compay. It remais our foudatio. Ad it is the path that will lead to icreased shareholder value over the log term.

5 SHAREHOLDER LETTER I late 2010, the declie i our busiess flatteed out, ad we saw sigs of a pedig retur to year-over-year growth. We are cofidet these positive treds will cotiue. As we look ahead to 2011, these poits stad out: We improved our fiacial positio i 2010 by refiacig ad restructurig a sigificat portio of our debt. Stregtheig our balace sheet will cotiue to be a top priority i We remai committed to a growth strategy that could, amog other thigs, iclude strategic acquisitios. As we evaluate opportuities, we will look for those that are a good fit for our busiess, are priced appropriately, ad will deliver a attractive retur for shareholders. We cotiue to use techology to differetiate our Compay, provide a ehaced experiece for our guests, ad deliver iformatio directly to them that is customized to their uique eeds ad iterests. Our B Coected mobile applicatios set the stadard for the idustry as they allow us to put idividualized special offers ad updates directly ito the hads of our customers, eve as they re walkig i the door. Over the past several years, we have aggressively drive uecessary costs out of the busiess ad we will be vigilat i esurig these costs do ot retur. As customer spedig starts to recover, our more efficiet busiess model will allow us to drive a sigificat portio of reveue gais to the bottom lie. We are pleased that the restructurig of our busiess has resulted i improved quality as customer satisfactio scores icreased i This is also a credit to the dedicatio of our outstadig employees who cotiue to deliver exceptioal service every day. Fially, we will cotiue to emphasize exceptioal corporate goverace, uder the leadership of a Board that has bee recogized as amog the best i our idustry. We have bee through a challegig jourey i recet years. But the route ahead looks promisig. Thak you for your cotiued support ad for your ivestmet i Boyd Gamig. Sicerely, William S. Boyd Executive Chairma of the Board Keith E. Smith Presidet ad Chief Executive Officer

6 EXECUTIVE LEADERSHIP TEAM BOARD OF DIRECTORS William S. Boyd Executive Chairma of the Board Mariae Johso Vice Chairma of the Board, Executive Vice Presidet ad Chief Diversity Officer Keith E. Smith Presidet ad Chief Executive Officer Paul J. Chakmak Executive Vice Presidet ad Chief Operatig Officer Robert L. Bougher Executive Vice Presidet ad Chief Busiess Developmet Officer Bria A. Larso Executive Vice Presidet, Geeral Cousel ad Secretary William S. Boyd Executive Chairma of the Board, Boyd Gamig Mariae Johso Vice Chairma of the Board, Executive Vice Presidet ad Chief Diversity Officer, Boyd Gamig Keith E. Smith Presidet ad Chief Executive Officer, Boyd Gamig Robert L. Bougher Executive Vice Presidet ad Chief Busiess Developmet Officer, Boyd Gamig William R. Boyd Vice Presidet, Boyd Gamig Thomas V. Girardi Parter, Girardi ad Keese Billy G. McCoy Major Geeral USAF (Ret) Frederick J. Schwab Former Presidet ad Chief Executive Officer, Porsche Cars North America, Ic. Christie J. Spadafor Chief Executive Officer, St. Jude s Rach for Childre Peter M. Thomas Maagig Director, Thomas & Mack Co. LLC Veroica J. Wilso Executive Director, Blid Ceter of Nevada Josh Hirsberg Seior Vice Presidet, Chief Fiacial Officer ad Treasurer William R. Boyd Vice Presidet

7 INVESTOR INFORMATION Stock Listig The commo stock of Boyd Gamig Corporatio is listed o the New York Stock Exchage. Its symbol is BYD. As of February 28, 2011, there were 899 stockholders of record. Aual Meetig The aual meetig of stockholders of Boyd Gamig Corporatio will be held o Thursday, May 26, 2011, at 11:00 a.m. Pacific Time at the Sam s Tow Hotel ad Gamblig Hall i Las Vegas, Nevada. The record date for the meetig is the close of busiess o March 31, News Releases As a service to our stockholders ad prospective ivestors, additioal compay iformatio, icludig ews releases, earigs aoucemets ad iformatio o corporate goverace, is available at boydgamig.com. Commo Stock Trasfer Aget ad Registrar Wells Fargo Shareower Services 161 North Cocord Exchage South St. Paul, MN wellsfargo.com/cotactshareowerservices Idepedet Registered Public Accoutig Firm Deloitte & Touche LLP 3883 Howard Hughes Parkway Fourth Floor Las Vegas, NV Boyd Gamig Corporatio 3883 Howard Hughes Parkway Nith Floor Las Vegas, NV Ivestor Cotacts Fiacial Cotact Josh Hirsberg Seior Vice Presidet Chief Fiacial Officer ad Treasurer joshhirsberg@boydgamig.com Media Cotact Rob Meye Vice Presidet Corporate Commuicatios robmeye@boydgamig.com

8 Our atiowide etwork of casio etertaimet properties geerates substatial value from B Coected, our braded multi-property player loyalty program. B Coected drives reveue by cosistetly ad effectively rewardig customers for their cotiued play ad loyalty. B Coected membership is free ad available at 13 Boyd Gamig properties: Gold Coast, The Orleas, Sam s Tow, Sucoast, Califoria, Fremot ad Mai Street Statio i Las Vegas; Blue Chip i Michiga City, Idiaa; Par-A-Dice i East Peoria, Illiois; Sam s Tow i Tuica, Mississippi; Treasure Chest i Keer, Louisiaa; Delta Dows i Vito, Louisiaa; ad Sam s Tow i Shreveport, Louisiaa. I order to ecourage our guests to become familiar with a umber of differet Boyd Gamig locatios, B Coected poits ad beefits are trasferable betwee all 13 participatig properties. The card recogizes three tiers of players Ruby, Sapphire ad Emerald each offerig a accelerated level of comps, discouts ad other beefits. The B Coected program is ehaced through a idustry-leadig olie ad mobile presece. B Coected Olie allows us to provide members with iformatio ad special offers customized accordig to their idividual iterests. B Coected Mobile expads these capabilities by makig all of the program s beefits available through a variety of leadig mobile devices, icludig those usig iphoe, ipad, ad Adroid techologies. For more iformatio, visit bcoectedolie.com, or bcoectedmobileapp.com.

9 PROPERTIES LAS VEGAS LOCALS Gold Coast Hotel ad Casio 4000 West Flamigo Road Las Vegas, NV goldcoastcasio.com The Orleas Hotel ad Casio 4500 West Tropicaa Aveue Las Vegas, NV orleascasio.com Sam s Tow Hotel ad Gamblig Hall 5111 Boulder Highway Las Vegas, NV samstowlv.com Sucoast Hotel ad Casio 9090 Alta Drive Las Vegas, NV sucoastcasio.com Eldorado Casio 140 South Water Street Hederso, NV eldoradocasio.com Jokers Wild Casio 920 North Boulder Highway Hederso, NV jokerswildcasio.com DOWNTOWN LAS VEGAS Califoria Hotel ad Casio 12 East Ogde Aveue Las Vegas, NV thecal.com Fremot Hotel ad Casio 200 Fremot Street Las Vegas, NV fremotcasio.com Mai Street Statio Casio, Brewery ad Hotel 200 North Mai Street Las Vegas, NV maistreetcasio.com MIDWEST & SOUTH Blue Chip Casio Hotel Spa 777 Blue Chip Drive Michiga City, IN bluechipcasio.com Delta Dows Racetrack Casio Hotel 2717 Delta Dows Drive Vito, LA deltadows.com Par-A-Dice Hotel Casio 21 Blackjack Boulevard East Peoria, IL par-a-dice.com Sam s Tow Hotel ad Casio 315 Clyde Fat Parkway Shreveport, LA samstowshreveport.com Sam s Tow Hotel ad Gamblig Hall 1477 Casio Strip Resort Boulevard Robisoville, MS samstowtuica.com Treasure Chest Casio 5050 Williams Boulevard Keer, LA treasurechest.com ATLANTIC CITY Borgata Hotel Casio ad Spa Oe Borgata Way Atlatic City, NJ theborgata.com The Water Club 1 Reaissace Way Atlatic City, NJ thewaterclubhotel.com BOYD GAMING Executive Offices 3883 Howard Hughes Parkway Nith Floor Las Vegas, NV boydgamig.com Corporate Offices 6465 South Raibow Boulevard Las Vegas, NV boydgamig.com

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