Opening of Cadence Crossing aims to boost Las Vegas revenues
Boyd Gaming reported first-quarter 2026 revenues of $997.4m, increasing from $991.6m in the first quarter of 2025.
The company’s Midwest & South segment achieved year-over-year revenue and Adjusted EBITDAR growth, driven by continued growth in play from core and retail players, favourable comparisons due to last year’s severe winter weather, and contributions from the company’s recent property investments. Results in the Las Vegas Locals segment were impacted by continued softness in destination business, as well as construction disruption from the company’s ongoing renovations at Suncoast. During the quarter, results in the Downtown Las Vegas segment reflected stability in play from Hawaiian guests and reduced destination business.
The company’s Online segment generated continued growth from its online casino gaming business, as well as contributions from third-party market access agreements consistent with the second half of 2025. Revenue and Adjusted EBITDAR growth in Managed & Other was driven by continued increases in management fees from Sky River Casino in northern California.
Keith Smith, President and Chief Executive Officer of Boyd Gaming, said: “Our first-quarter results reflect the benefits of our diversified business, our successful focus on operating efficiencies and our ongoing capital investment program. On a property-level basis, we achieved year-over-year revenue and Adjusted EBITDAR growth, as property margins once again exceeded 39 per cent. These results were supported by continued growth in play from both core and retail customers on a Companywide basis, driven by broad-based strength in our Midwest & South segment.
“During the quarter we continued to invest in enhancing our properties and building our development pipeline. We opened Cadence Crossing Casino, our newest Las Vegas Locals property, and continued development of our $750m resort in Virginia. We also secured regulatory approval for our proposed expansion and modernisation of our Par-A-Dice property in Illinois, and plan to begin construction on this project next year. At the same time, we maintained our robust program of returning capital to our shareholders, with nearly $170m in share repurchases and dividends during the first quarter. Looking ahead, we believe that our strong balance sheet, diversified portfolio, balanced approach to capital allocation and experienced management team all position us well to continue creating long-term value for our shareholders.”
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Opening of Cadence Crossing aims to boost Las Vegas revenues Boyd Gaming reported first-quarter 2026 revenues of $997.4m, increasing from $991.6m in the first quarter of 2025. The company’s Midwest & South segment achieved year-over-year revenue and Adjusted EBITDAR growth, driven by continued growth in play from core and retail players, favourable comparisons due to…
The post Boyd up in the Midwest and South, but Las Vegas Locals segment impacted by continued softness in destination business appeared first on G3 Newswire.