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Boyd Gaming
Boyd Gaming Corporation is an American gambling and hospitality company based in Paradise, Nevada, US.
As of 2021, Boyd operates 28 properties with a total of 10,751 hotel rooms and 1,694,482 square feet (157,422.5 m2) of casino space with 31,635 slot machines and 686 table games. Gambling revenue is 80% of total gross revenue.
Boyd Gaming's history dates to 1941, when founder Sam Boyd first arrived in Las Vegas with his family. After being hired as a dealer, Sam Boyd worked his way up through the ranks of the Las Vegas casino industry, first to pit boss, then shift boss. He eventually saved enough to buy a small interest in the Sahara Hotel and Casino; later, Sam Boyd left the Sahara to become general manager and partner of The Mint Las Vegas.
Sam Boyd first partnered with his son Bill in 1962, when the two teamed up to acquire the Eldorado Casino in Henderson, Nevada. Bill, who was then a practicing attorney, acquired his first stake in the Eldorado by doing its legal work. Sam would go on to manage the Eldorado full-time after the Mint was sold in 1968.
Although the Boyd family had been involved in the Las Vegas casino industry for decades, Boyd Gaming Corporation wasn't founded until January 1, 1975, when the company was formed to develop and operate the California Hotel and Casino in downtown Las Vegas. Then known as the Boyd Group, the company initially had 75 investors.
Boyd Gaming embarked on its first expansion in 1979, when it opened the first Sam's Town Hotel and Gambling Hall-branded property; Sam's Town Las Vegas on Boulder Highway at Nellis Boulevard. Considered one of the first "locals" properties in the Las Vegas Valley, Sam's Town helped inaugurate the later development of Las Vegas' "Boulder Strip."
During these first two decades in operation, Sam and Bill Boyd developed a reputation for running a squeaky-clean operation. As a result, Nevada regulators turned to the Boyds for help following an investigation of skimming operations at the Stardust and Fremont casinos in the mid-1980s. The properties were notorious at the time for their extensive skimming operations; according to the FBI, anywhere from $7 million to $15 million in funds from the Stardust were diverted to organized crime figures between 1974 and 1976 alone.
In 1984, after leveling a $3 million fine against the Stardust for skimming, the Nevada Gaming Commission asked the Boyds to run the property's gaming operations. When the Stardust was taken over by the reputable Boyd family, they were surprised by its huge profits, now that every penny of income was being recorded. Ex-FBI agent William F. Roemer Jr., longtime senior agent of the FBI's organized-crime squad in Chicago and an expert in Las Vegas doings, said, "The amount of skim had been so heavy that the profit and loss statement did not present a true picture of the gold mine that the Stardust was." After several years of successful operations, Boyd Gaming officially acquired the Stardust and Fremont in 1985.
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Boyd Gaming
Boyd Gaming Corporation is an American gambling and hospitality company based in Paradise, Nevada, US.
As of 2021, Boyd operates 28 properties with a total of 10,751 hotel rooms and 1,694,482 square feet (157,422.5 m2) of casino space with 31,635 slot machines and 686 table games. Gambling revenue is 80% of total gross revenue.
Boyd Gaming's history dates to 1941, when founder Sam Boyd first arrived in Las Vegas with his family. After being hired as a dealer, Sam Boyd worked his way up through the ranks of the Las Vegas casino industry, first to pit boss, then shift boss. He eventually saved enough to buy a small interest in the Sahara Hotel and Casino; later, Sam Boyd left the Sahara to become general manager and partner of The Mint Las Vegas.
Sam Boyd first partnered with his son Bill in 1962, when the two teamed up to acquire the Eldorado Casino in Henderson, Nevada. Bill, who was then a practicing attorney, acquired his first stake in the Eldorado by doing its legal work. Sam would go on to manage the Eldorado full-time after the Mint was sold in 1968.
Although the Boyd family had been involved in the Las Vegas casino industry for decades, Boyd Gaming Corporation wasn't founded until January 1, 1975, when the company was formed to develop and operate the California Hotel and Casino in downtown Las Vegas. Then known as the Boyd Group, the company initially had 75 investors.
Boyd Gaming embarked on its first expansion in 1979, when it opened the first Sam's Town Hotel and Gambling Hall-branded property; Sam's Town Las Vegas on Boulder Highway at Nellis Boulevard. Considered one of the first "locals" properties in the Las Vegas Valley, Sam's Town helped inaugurate the later development of Las Vegas' "Boulder Strip."
During these first two decades in operation, Sam and Bill Boyd developed a reputation for running a squeaky-clean operation. As a result, Nevada regulators turned to the Boyds for help following an investigation of skimming operations at the Stardust and Fremont casinos in the mid-1980s. The properties were notorious at the time for their extensive skimming operations; according to the FBI, anywhere from $7 million to $15 million in funds from the Stardust were diverted to organized crime figures between 1974 and 1976 alone.
In 1984, after leveling a $3 million fine against the Stardust for skimming, the Nevada Gaming Commission asked the Boyds to run the property's gaming operations. When the Stardust was taken over by the reputable Boyd family, they were surprised by its huge profits, now that every penny of income was being recorded. Ex-FBI agent William F. Roemer Jr., longtime senior agent of the FBI's organized-crime squad in Chicago and an expert in Las Vegas doings, said, "The amount of skim had been so heavy that the profit and loss statement did not present a true picture of the gold mine that the Stardust was." After several years of successful operations, Boyd Gaming officially acquired the Stardust and Fremont in 1985.