• In April 2026, Daily Racing Form, a subsidiary of Affinity Interactive, announced multi-year exclusive print distribution agreements with American Wagering and Boyd Gaming, making it the sole provider of racing publications across key Las Vegas casinos including Boyd’s Gold Coast, Orleans and Sam’s Town properties.
• The tie-up deepens Boyd Gaming’s connection to core racing customers ahead of marquee events such as the Kentucky Derby, while aligning with Apex Hospitality’s broader push to integrate data-rich, on-property experiences.
• We’ll now examine how Boyd Gaming’s expanded Daily Racing Form partnership could influence the company’s investment narrative and future business mix.

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Boyd Gaming Investment Narrative Recap

To own Boyd Gaming, you need to believe its mix of regional casinos, Las Vegas locals properties and digital betting can keep attracting steady, repeat play while funding shareholder returns. The Daily Racing Form deal looks incremental rather than transformative, supporting Boyd’s engagement with core racing bettors but not materially changing near term drivers such as regional competition at key properties or execution risk on new developments.

The most relevant recent announcement alongside this racing partnership is Boyd’s ongoing buybacks, with US$155 million used in Q1 2026 to repurchase about 2.4 percent of shares. While the DRF tie up targets on property engagement, the buyback program continues to shape earnings per share and capital return, which many investors watch more closely than smaller product agreements when assessing near term catalysts and downside risk.

But investors should also be aware that competition at properties like The Orleans could pressure returns if...

Boyd Gaming's narrative projects $4.4 billion revenue and $159.5 million earnings by 2029. This requires 2.1% yearly revenue growth and an earnings decrease of about $1.6 billion from $1.8 billion today.

Uncover how Boyd Gaming's forecasts yield a $93.93 fair value, a 12% upside to its current price.

Exploring Other Perspectives

Three members of the Simply Wall St Community currently see Boyd Gaming’s fair value between about US$52 and US$94, reflecting a wide range of expectations. Against that backdrop, the DRF partnership’s modest contribution to Boyd’s broader growth and capital return story may matter differently to you depending on how you view its key competitive and project execution risks.

Explore 3 other fair value estimates on Boyd Gaming - why the stock might be worth 38% less than the current price!

Reach Your Own Conclusion

Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.

• A great starting point for your Boyd Gaming research is our analysis highlighting 2 key rewards and 4 important warning signs that could impact your investment decision.
• Our free Boyd Gaming research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Boyd Gaming's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.