Partnership Now Encompasses Five Boyd Gaming Properties, Mobile Gaming in Pennsylvania
LAS VEGAS, Sept. 9, 2019 /PRNewswire/ — Boyd Gaming Corporation (BYD) and FanDuel Group today announced the debut of FanDuel Sportsbooks at four Boyd Gaming properties: Blue Chip Casino Hotel and Spa in Michigan City, Indiana; Diamond Jo Casino in Dubuque, Iowa; Diamond Jo Casino in Northwood, Iowa; and Belterra Casino Resort in Florence, Indiana.
The openings follow the successful debut of the FanDuel Sportsbook at Boyd Gaming’s Valley Forge Casino Resort in King of Prussia, Pennsylvania, in March, as well as the companies’ launch of mobile sports betting across the state of Pennsylvania in July. In the coming months, the two companies also plan to introduce mobile sports products under the FanDuel brand in both Iowa and Indiana, pending the receipt of required regulatory approvals.
“Together, Boyd Gaming and FanDuel Group continue to successfully capitalize on the historic opportunity afforded by the legalization and expansion of sports betting in new states across the country,” said Keith Smith, President and Chief Executive Officer of Boyd Gaming. “The FanDuel Sportsbook is off to a great start in Pennsylvania, contributing to solid growth in visitation and profitability at our Valley Forge Casino Resort near Philadelphia. We are confident our partners at FanDuel will deliver excellent results in Iowa and Indiana as well, further expanding Boyd Gaming’s customer base and enhancing our long-term competitive appeal.”
“Working with Boyd Gaming to open four Sportsbooks across Iowa and Indiana in such a short timeframe is an incredible achievement and something our retail team is proud of,” said Matt King, Chief Executive Officer of FanDuel Group. “Boyd Gaming continues to be a key partner as we further expand our offerings nationwide by bringing FanDuel’s first-class sports betting experience to the Midwest.”
In honor of the kick-off of the 2019-20 professional football season, Boyd Gaming and FanDuel celebrated their newest retail sportsbooks with ceremonial first bets placed by four retired football stars: Chicago Hall of Fame linebacker Brian Urlacher (Blue Chip); Green Bay star wide receiver and world champion Antonio Freeman (Diamond Jo Dubuque); Minnesota Hall of Fame defensive end John Randle (Diamond Jo Worth); and Cincinnati’s legendary quarterback Ken Anderson (Belterra Resort).
The partnership between Boyd Gaming and FanDuel Group includes collaborative efforts between the two companies in mobile and online sports betting and casino games, where permitted by law. The agreement includes states where Boyd Gaming holds gaming licenses, excluding Nevada, as well as additional states covered under Boyd Gaming’s current market-access agreements. Boyd Gaming currently has access in 15 states nationwide, representing more than 36% of the U.S. population.
In addition to their retail and online gaming partnership, Boyd Gaming and FanDuel are engaged in extensive co-branding and cross-promotional efforts, as the two companies actively market each other’s properties and products to their respective customer bases nationwide.
Forward-looking Statements and Company Information
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements contain words such as “may,” “will,” “might,” “expect,” “believe,” “anticipate,” “could,” “would,” “estimate,” “continue,” “pursue,” or the negative thereof or comparable terminology, and may include (without limitation) information regarding the Company’s expectations, goals or intentions regarding future performance. In addition, forward-looking statements in this press release include statements regarding: the Company’s statements regarding FanDuel Sportsbooks at various Boyd Gaming properties, expansion into mobile products, the continued progress executing against the partnership’s strategic growth initiatives, the receipt of required regulatory approvals, that the Company is successfully growing visitation and expanding its customer base across the country, and that the Company is well-positioned to capitalize on future growth opportunities. These forward-looking statements are based upon the current beliefs and expectations of management and involve certain risks and uncertainties, including (without limitation) the possibility that the transactions contemplated by continued partnership between the Company and FanDuel Group will not realize the growth opportunities as anticipated. Additional factors are discussed in “Risk Factors” in Boyd’s Annual Report on Form 10-K for the year ended December 31, 2018, and in Boyd’s other current and periodic reports filed from time to time with the Securities and Exchange Commission. All forward-looking statements in this current report are made as of the date hereof, based on information available to Boyd as of the date hereof, and Boyd assumes no obligation to update any forward-looking statement.
About Boyd Gaming
Founded in 1975, Boyd Gaming Corporation (BYD) is a leading geographically diversified operator of 29 gaming entertainment properties in 10 states. The Company currently operates 1.77 million square feet of casino space, more than 38,000 gaming machines, 815 table games, more than 11,000 hotel rooms, and 320 food and beverage outlets. With one of the most experienced leadership teams in the casino industry, Boyd Gaming prides itself on offering its guests an outstanding entertainment experience, delivered with unwavering attention to customer service. For additional Company information and press releases, visit www.boydgaming.com.
About FanDuel Group
FanDuel Group is an innovative sports-tech entertainment company that is changing the way consumers engage with their favorite sports, teams, and leagues. The premier gaming destination in the United States, FanDuel Group consists of a portfolio of leading brands across gaming, sports betting, daily fantasy sports, advance-deposit wagering, and TV/media, including FanDuel, Betfair US, DRAFT, and TVG. FanDuel Group has a presence across 45 states and 8 million customers. The company is based in New York with offices in California, New Jersey, Florida, Oregon, and Scotland. FanDuel Group is a subsidiary of Flutter Entertainment plc, a leading international sports betting and gaming operator and a constituent of the FTSE 100 index of the London Stock Exchange.
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His side job isn’t just gaming, it’s a community
WAKE FOREST — When Ty Comstock finishes up his full-time workday as a web developer, he likes to relax in a way many others do: By powering on his PlayStation or Nintendo Switch and getting lost in a video game.
The Wake Forest 28-year-old, however, also does what a growing number of gaming hobbyists are doing. Comstock broadcasts his gaming sessions live to the video website Twitch.
And people pay him to watch.
Comstock says he has brought in an extra $200-300 a month this way, enough to pay for his games and equipment with some left over. He treats his content production as a business and said he puts in hours each week toward branding, growing his audience and designing graphics.
“It helps that if I wasn’t streaming I’d be playing video games anyway,” Comstock said. “That kind of helps me take a look at it and say ‘OK, I am putting a lot of hours into this but what would I be doing otherwise? I’d be playing video games.’”
On his Twitch channel, Parzival91, his audience watches him work through the plots of games like “Uncharted,” “The Last of Us,” and various Pokémon games. He holds community days where he invites his fans to compete in multi-player games like “Rocket League” against him. Each October he fires up a series of horror titles filled with jump scares.
Comstock usually streams for about four hours a night, at least three or four nights a week. When he started two years ago, he broadcast more than 300 days in his first year, sometimes for several hours seven days a week. More than 1,280 people follow his Twitch account, but a core 10-15 regular viewers tune in to every episode.
To Comstock, the hours dedicated are like a casual part-time job.
But he didn’t get into it for the money; he said he was looking for friends.
“I’m introverted in real life I guess, so I thought what better way to communicate with people than to put this online, see who shows up and talk to people who are of the same interests that I am?” Comstock said. “It was easier for me than going up to White Street or a bar or something and trying to chat people up there.”
He wants to make his channel a positive, community-focused platform where people can come together, talk about their favorite games and have fun. Many of his longtime viewers are his good friends and are the people outside of his family he talks to most often, he said.
Next year, one of his viewers will be moving to North Carolina to be his roommate, Comstock said.
Comstock also uses his platform to raise money for St. Jude’s or Children’s Miracle Network hospitals. By offering to embarrass himself online — he once had to wear a Pokémon onesie while playing “Just Dance” — Comstock said he’s encouraged his viewers to donate close to $3,000.
Building a community is important from a business perspective, too. Watching videos on Twitch is free, but viewers can opt-in to paying creators — essentially providing donations — if they want to support channels they want to see more.
“I think it’s just people’s appreciation to the service that you are providing,” Comstock said.
Streaming video games online has quickly become an economic juggernaut. Although the capability to broadcast games live on the internet became mainstream a few years ago, it already generates nearly $6 billion in revenue worldwide, with more than 660 million people watching around the world in 2017.
Some content creators earn millions through subscriptions, merchandise and deals with gaming companies. Comstock said every streamer dreams of being able to make gaming a full-time job, but getting to that point “takes a lot of luck.”
Instead, Comstock is looking to grow his audience so he can pay toward his student loans and maybe take an annual trip somewhere. He’s planning streaming at least 300 days again in 2020, after undergoing a rebranding that will make his channel more unique to increase views and merchandise sales.
“I’m just trying to play games, chat with people, play games with people and just be friendly,” Comstock said. “I think there’s a lot of other people like me that are introverted and they have certain hobbies like gaming that they wish they could find more people who have those hobbies and I think Twitch is a great way to do that.”