906553--3/14/2006--BOYD_GAMING_CORP

related topics
{cost, contract, operation}
{customer, product, revenue}
{condition, economic, financial}
{operation, natural, condition}
{regulation, change, law}
{competitive, industry, competition}
{stock, price, operating}
{acquisition, growth, future}
{cost, regulation, environmental}
Intense competition exists in the gaming industry and we expect competition to continue to intensify. Our expansion, development and renovation projects may face significant risks inherent in construction projects or implementing a new marketing strategy, including receipt of necessary government approvals. We face risks associated with growth and acquisitions. If we are unable to finance our expansion, development and renovation projects as well as other capital expenditures through cash flow, borrowings under our bank credit facility and additional financings, our expansion, development and renovation efforts will be jeopardized. If we are not ultimately successful in dismissing the action filed against our Treasure Chest Casino property, we may potentially lose our ability to operate the Treasure Chest Casino property and our business, financial condition and results of operations could be materially adversely affected. We are subject to extensive governmental gaming regulation and taxation policies, which may harm our business. Certain of our facilities are located in areas that experience extreme weather conditions. Our riverboats and dockside facilities are subject to risks relating to mechanical failure and regulatory compliance. We draw a significant percentage of our customers from limited geographic regions. Events adversely impacting the economy or these regions, including terrorism, may also impact our business. Energy price increases may adversely affect our cost of operations and our revenues. Certain of our stockholders own large interests in our capital stock and may significantly influence our affairs. Some of our hotel casinos are located on leased property. If we default on one or more leases, the applicable lessors could terminate the affected leases and we may lose possession of the affected hotel casino.

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