FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * JOHNSON MARIANNE BOYD   2. Issuer Name and Ticker or Trading Symbol BOYD GAMING CORP [BYD] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director __X__ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Vice Chairman and Executive VP (Last) (First) (Middle) 3883 HOWARD HUGHES PARKWAY, NINTH FLOOR 3. Date of Earliest Transaction (Month/Day/Year) 02/25/2011 (Street) LAS VEGAS, NV 89169 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 02/25/2011   J   28,933 D $ 0 (1) 1,256,155 I By Limited Partnership * (2) Common Stock               1,464,401 I By Limited Partnership * (3) Common Stock               693,809 I By Limited Partnership * (4) Common Stock               103,925 I By Annuity Trust * (5) Common Stock               837,252 I By Limited Partnership * (6) Common Stock               23,197 I By Annuity Trust * (7) Common Stock               1,772,108 I By Trust (8) Common Stock               91,324 I By Trust * (9) Common Stock               130,247 I By Trust * (10) Common Stock               32,642 I By Trust * (11) Common Stock               32,642 I By Trust * (12) Common Stock               31,352 I By Trust * (13) Common Stock               32,642 I By Trust * (14) Common Stock               32,642 I By Trust * (15) Common Stock               31,152 I By Trust * (16) Common Stock               17,244 I By Trust * (17) Common Stock               722,353 I By Limited Partnership * (18) Common Stock               2,307,438 I By Limited Partnership * (19) Common Stock               110,354 D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
JOHNSON MARIANNE BOYD 3883 HOWARD HUGHES PARKWAY NINTH FLOOR LAS VEGAS, NV 89169	X	X	Vice Chairman and Executive VP

Signatures

Brian A. Larson, Attorney-in-Fact for Marianne Boyd Johnson		03/01/2011
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Transfer of 28,933 shares of Common Stock of Boyd Gaming Corporation ("Common Stock") from the BG-01 Limited Partnership ("BG-01 LP") of which The Marianne Boyd Gaming Properties Trust ("MBGPT") is the general partner, to the BG-01 Grantor Retained Annuity Trust 3 ("BG-01 GRAT 3"), of which the reporting person is the trustee. The effect of the foregoing transaction was to change the reporting person's beneficial ownership from one form of indirect ownership to another. The reporting person is the trustee, settlor and beneficiary of MBGPT.
(2)	By the BG-01 LP, of which MBGPT, is the general partner thereof.
(3)	By the BG-99 LP, of which MBGPT, is the general partner thereof.
(4)	By the BG-02 LP, of which MBGPT, is the general partner thereof.
(5)	By the BG-02 GRAT 3, of which the reporting person is the trustee.
(6)	By the BG-09 LP, of which MBGPT and WSBGPT are the general partners thereof.
(7)	By the BG-09 GRAT 2, of which the reporting person is the trustee.
(8)	By the Marianne Boyd Gaming Properties Trust, of which the reporting person is the Trustee, Settlor and Beneficiary.
(9)	By the Johnson Children's Trust Dated 6/24/96, Bruno Mark, Trustee.
(10)	By the William R. Boyd and Myong Boyd Children's Trust dated 8/1/93, of which the reporting person is the Trustee.
(11)	By the Aysia Lynn Boyd Education Trust, dated July 1, 1997, of which the Reporting Person is the trustee.
(12)	By the Taylor Joseph Boyd Education Trust, dated July 1, 1997, of which the Reporting Person is the trustee.
(13)	By the William Samuel Boyd Education Trust, dated July 1, 1997, of which the Reporting Person is the trustee.
(14)	By the Samuel Joseph Boyd, Jr. Education Trust, dated July 1, 1997, of which the Reporting Person is the trustee.
(15)	By the T'Mir Kathleen Boyd Education Trust, dated July 1, 1997, of which the Reporting Person is the trustee.
(16)	By the Josef William Boyd Education Trust, dated July 1, 1997, of which the Reporting Person is the trustee.
(17)	By the Justin Boyd Education Trust, dated November 1, 1999, of which the Reporting Person is the trustee.
(18)	By the WM LP, of which MBGPT, is the general partner thereof.
(19)	By the BG-00 LP, of which MBGPT, is the general partner thereof.
Remarks: *  The reporting person expressly disclaims beneficial ownership of any securities of the Issuer except for those securities that are owned directly by the Reporting Person or to the extent of the Reporting Person's pecuniary interest in a trust, partnership or other entity which owns such securities.                                                                                                                                                                                                                                                                                        **  Each transfer by the Grantor Retained Annuity Trust is made pursuant to the provisions of the applicable trust agreement and the applicable provisions of the Internal Revenue Code of 1986, as amended.

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