Published on 19 Sep 2024 on Insider Monkey · via Yahoo Finance
Is Boyd Gaming Corporation (BYD) the Best Casino Stock that Pay Dividends?
We recently compiled a list of the 10 Best Casino Stocks that Pay Dividends. In this article, we will have a look at where Boyd Gaming Corporation (NYSE:BYD) ranks among other casino stocks that pay dividends.
The casino industry is making a comeback after the setbacks caused by the pandemic in 2020. It took a while for the sector to recover, with several factors at play, but the rebound is now clear with the easing of social distancing measures. Data from the Gaming Inspection and Coordination Bureau showed that Macau’s gaming revenue surged by 14.8% in August this year, surpassing expectations. The increase in demand for entertainment during China’s summer vacation has driven growth in the world’s largest casino hub. Casino stocks fall under the larger leisure and hospitality sector and are affected by a range of influences, such as the state of the economy, consumer spending habits, and changes in gambling regulations.