BYD unveils new car with a nonstop range of 2,300 kilometers

BYD, a Chinese EV maker, launched the Racco, a small electric car targeting Japan's kei jidosha market. Priced at ¥2,145,000, it competes with Nissan's Sakura, offering comparable value. BYD aims to gain traction in Japan's auto market with this bespoke design.

Boyd Gaming is reportedly considering acquiring Bally's troubled Tropicana redevelopment site in Las Vegas, according to the Vital Vegas blog. Bally's has denied the rumors, but the company faces financial challenges, including a recent SEC filing expressing doubt about its ability to continue as a going concern. The Tropicana project is split into phases, with some land-use entitlements approved. The deal is complex, involving multiple stakeholders and an estimated valuation of $400 million.

BYD's sub-brand Fang Cheng Bao began pre-orders for its first sedan lineup, the Formula S and S GT, priced between $33,920 and $41,300. The models will debut at the 2026 Chengdu Auto Show. Fang Cheng Bao reported a 190.6% year-on-year sales increase in July, delivering 41,213 vehicles.

Boyd Gaming (NYSE:BYD) Q2 earnings call said customers are spending closer to home, with Las Vegas Locals pressured by Orleans destination softness and Suncoast construction. CFO Josh Hirsberg estimated $5M EBITDAR impact in Q2, easing to about $3M in Q3 and Q4. Boyd raised 2026 online guidance by $5M to $35M-$40M and managed guidance by $3M to $113M-$117M, plus $156M buybacks and $142M capex.

Boyd Gaming (BYD) reported Q2 2026 revenue of $1.03 billion, net income of $131.2 million ($1.75 per diluted share), and adjusted EBITDAR of $350.5 million. Management cited construction disruptions and Las Vegas destination softness. The company raised 2026 online guidance to $35 million to $40 million and managed business guidance to $113 million to $117 million, with $650 million to $700 million capex.

Boyd Gaming reported Q2 results on Thursday. Adjusted EPS was $1.93, slightly above the $1.90 consensus, but revenue was $1.03 billion versus $1.04 billion expected and flat year over year. Net income attributable was $131.2 million ($1.75/share). The company repurchased $156 million of shares and paid a $0.20 dividend.