Operator sees growth across all three property segments
Boyd Gaming reported third-quarter 2025 revenues of $1bn, compared to $961.2m in the third quarter of 2024, driven by the best performance in the Midwest sector in three years.
The Las Vegas Locals segment results reflect growth in gaming revenues driven by continued growth in play from core customers and improving retail play trends, offset by declines in destination business. Downtown Las Vegas experienced growth in gaming revenues from Boyd’s Hawaiian market segments, lower destination business and reduced pedestrian traffic in the downtown area. The Midwest & South segment delivered its best third-quarter revenue and Adjusted EBITDAR performance in three years, as strong play from our core customers and improving play from retail customers drove broad-based revenue and Adjusted EBITDAR growth across the segment.
Keith Smith, President and Chief Executive Officer of Boyd Gaming, said: “During the third quarter, our company continued to achieve revenue and Adjusted EBITDAR growth after adjusting for our recent FanDuel transaction. These results were driven by year-over-year growth in play from our core customers, improving trends in play from our retail customers, our efficient operations, and our ongoing capital investment program. As a result, we saw healthy growth in gaming revenues across all three property operating segments during the quarter. At the same time, we continued our balanced approach to capital allocation, returning $175m to shareholders during the quarter while maintaining the strongest balance sheet in our Company’s history. In all, we are encouraged by the strength of our business and remain well-positioned to continue creating long-term value for our shareholders.”
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Operator sees growth across all three property segments Boyd Gaming reported third-quarter 2025 revenues of $1bn, compared to $961.2m in the third quarter of 2024, driven by the best performance in the Midwest sector in three years. The Las Vegas Locals segment results reflect growth in gaming revenues driven by continued growth in play from…
The post Midwest and South sector helps drive Boyd to billion dollar status appeared first on G3 Newswire.