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Board recommends approval of Boyd Gaming COO Ted Bogich amid company audit remediation plan
Summary
The Nevada Gaming Control Board voted to recommend suitability and licensure for Ted Bogich as Boyd Gaming’s chief operating officer while board members pressed company leaders on ongoing audit issues. Boyd representatives described a seven‑point remediation plan and a UNLV engagement to address recurring internal‑control audit findings.
The Nevada Gaming Control Board recommended approval on March 18 for Ted Bogich’s finding of suitability and licensure as chief operating officer of Boyd Gaming Corporation, while asking Boyd leaders for regular updates on outstanding audit issues at Nevada properties.
Bogich, who has 37 years’ gaming industry experience and is Boyd’s executive vice president and COO, told the board he would work closely with Boyd’s internal audit, compliance and property teams to “get our compliance record back to where it was.”
Board members pressed Boyd management about recurring audit findings — including open three‑year audits at the Gold Coast and Aliante properties that cover look‑back periods overlapping problems raised before Boyd began a remediation program.
Boyd’s response: Cassie Stratford, a Boyd executive who described a company seven‑point plan for audit remediation, told regulators the company has retrained staff, instituted enhanced audit checklists, increased staffing and added executive oversight. Boyd also engaged the UNLV gaming institute to review internal controls and prepare recommendations; Stratford said UNLV had completed phase 1 and the company was implementing recommendations.
Board concerns and commitments: Board members said the ongoing audits had been a source of concern but noted Boyd’s cooperation with the investigations and audit divisions and the UNLV engagement. Bogich said he was personally involved in reviewing execution of the seven‑point plan and that the company was committed to remediation, adding that Boyd is celebrating 50 years in 2025 and “takes a lot of pride” in its regulatory record.
Board action: The board voted to recommend approval of Bogich’s licensure. Members recorded “aye” votes; the motion will be forwarded to the Nevada Gaming Commission for final action.
Why it matters: Boyd is a major public company with multiple Nevada properties — audit and internal control issues can have regulatory, financial and reputational consequences. The board’s public questioning followed a series of audit findings that prompted Boyd to commit to a multi‑pronged remediation effort and an outside review.
What to watch: Board members asked company leaders for continued reporting on the open audits and on UNLV’s recommendations. Regulators will monitor whether monthly or quarterly checkpoints show sustained improvement and whether the investigations and audit divisions close the outstanding findings.
