Gotham Asset Management Boosts Stake in Boyd Gaming

Investment firm increases holdings in casino operator by 22.6% in Q3 2025

Mar. 16, 2026 at 10:39am

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Gotham Asset Management LLC, a major investment firm, has increased its stake in Boyd Gaming Corporation (NYSE: BYD) by 22.6% during the third quarter of 2025. Gotham now owns 512,095 shares of the casino company's stock, representing a 0.66% ownership position valued at $44.27 million as of the most recent SEC filing.

Why it matters

This move by Gotham Asset Management signals continued institutional investor confidence in Boyd Gaming's business performance and growth prospects. As a major shareholder, Gotham's increased stake could influence the company's strategic direction and provide additional capital for expansion or other initiatives.

The details

According to the SEC filing, Gotham Asset Management purchased an additional 94,453 shares of Boyd Gaming during the third quarter, bringing its total position to 512,095 shares. This represents a 22.6% increase in Gotham's holdings of the casino operator's stock. Boyd Gaming operates 28 gaming and entertainment properties across 10 states, with a focus on regional markets outside of Las Vegas.

  • Gotham Asset Management increased its stake in Boyd Gaming during the third quarter of 2025.

The players

Gotham Asset Management LLC

A major investment firm that has increased its stake in Boyd Gaming Corporation.

Boyd Gaming Corporation

A diversified hospitality and gaming company headquartered in Las Vegas, Nevada that operates 28 gaming and entertainment properties across 10 states.

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What they’re saying

“We must continue to have confidence in Boyd Gaming's ability to navigate the evolving gaming landscape and deliver value for shareholders.”

— Gotham Asset Management

What’s next

Gotham Asset Management's increased stake in Boyd Gaming could signal potential future investments or strategic moves by the casino operator as it looks to expand its regional gaming footprint.

The takeaway

This transaction highlights the ongoing institutional investor interest in Boyd Gaming, a regional casino operator that has demonstrated resilience and growth potential even as the gaming industry navigates evolving consumer preferences and regulatory environments.