Article Excerpt:
Company Interview Excerpt
PAUL CHAKMAK - BOYD GAMING CORPORATION (BYD)
Full article published: 7/25/2005
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Mr. Chakmak: The company really started in 1974, back then known as the Boyd Group, with our first property, the California Hotel and Casino, here in Las Vegas. In 1993, the company completed its IPO, and in that 19-year period we grew to six properties in total, all in Las Vegas. Today, we have 18 properties in total in six different states, and we have a 19th currently under construction here in Las Vegas. So it's a much more substantial company, obviously, than when originally started in 1974, but we're still well-grounded in the original founding roots of the company and the direction and view on both employees and customers that got us to where it is today.
TWST: What were the drivers of your success?
Mr. Chakmak: From a customer standpoint, we view our customers as key
relationships and long-term relationships, and you can see that by the
significant repeat business that we've been able to maintain at all of
our properties. From an employee standpoint, the founding focus on
integrity and employee relations is still key. That commitment leads to
the forefront of how we look to work with everyone that's part of this
company, to make it a much better place and a good place for employees
to spend many years. You can see that in the number of years that so
many of our employees have been involved with the company. You can see
the 20- and 30-year anniversaries of many employees, which really speaks
to the roots of the company.
Tickers included in this excerpt: BYD
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For more information call (212) 952 7433. The Wall Street Transcript does not endorse any of the comments made by interviewees, and does not make stock recommendations.
