Full-Time
No salary listed
Valparaiso, IN, USA
In Person
| , |
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Las Vegas, Nevada
Founded
1975
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Bally's purchases Sam's Town Shreveport from Boyd Gaming. * Deal is expected to close in the third quarter, but terms are not public yet * Bally's Shreveport Casino & Hotel is adjacent to Sam's Town * Bally's will announce its plans for Sam's Town "in the near future" Bally's Corporation has agreed to acquire Sam's Town Hotel & Casino in Shreveport, Louisiana from Boyd Gaming Corporation. The deal, announced Thursday, is expected to close in the third quarter of this year. Dollar figures have not been made public. "The sale of our Sam's Town Shreveport property is consistent with our continued focus on refining our operating model and our nationwide property portfolio," said Boyd Gaming President and CEO Keith Smith. "Sam's Town Shreveport has been a part of our Company since 2004, and we appreciate all of the contributions of its team members, past and present, in providing great service to our guests throughout the last two decades." Bally's has a gaming property, Bally's Shreveport Casino & Hotel, directly next to Sam's Town on the west side of the Red River. Should it keep Sam's Town as-is, it would add 750 slot machines, 14 table games, and a 514-room hotel, among other assets. broader vision and plans for the property and the market" But the company might do something else with it. In Thursday's announcement, Bally's Executive Chairman Soo Kim said: "We look forward to sharing more about our broader vision and plans for the property and the market in the near future." "The acquisition of Sam's Town Shreveport reflects our confidence in the community and our long-term commitment to growing our presence here," he added. "We see meaningful opportunities to reinvest in the market and further strengthen Shreveport's position as a premier destination for gaming and entertainment." Bally's has two other properties in Louisiana, Bally's Baton Rouge and The Queen Baton Rouge, as well as two more in neighboring Mississippi: Hard Rock Hotel & Casino Biloxi and Bally's Vicksburg.
Boyd Gaming's Cadence Crossing casino set to open in March 2026. Boyd Gaming's Cadence Crossing casino set to open in March 2026 vanja mitic february 6, 2026 latest casino and gambling news. Boyd Gaming is set to open its newest casino, Cadence Crossing, in Henderson, Nevada, by late March 2026. The development marks the company's first new casino in over two decades, replacing its former Jokers Wild Casino on Boulder Highway. The 50,000-square-foot facility will feature a 10,000-square-foot casino floor, adding 450 slot machines to the area and several dining outlets, although specific details about the food offerings have yet to be disclosed. A significant investment in the region. Boyd's Cadence Crossing will cater to the growing Cadence community in Henderson, which experienced remarkable growth in 2025, selling over 1,200 homes. As reported by the Las Vegas Review-Journal, CEO Keith Smith highlighted that the success of the residential community positions the casino for a profitable future, as the area ranks third in the nation for master-planned communities. Smith expressed optimism regarding the new casino's potential, pointing out the strong local market demand as a driving factor in the development's success. Although Boyd has not disclosed the exact financial commitment to the Cadence Crossing project, the company has allocated $100 million in capital improvements across its various properties nationwide. The casino is expected to complement Boyd's broader investment strategy, which includes property upgrades in key markets such as Las Vegas and the Midwest. Cadence Crossing will eventually expand beyond the casino, with plans to introduce a hotel, though no timetable for this expansion has been set. The company intends to grow the casino in alignment with the Cadence community's continued development, which will help ensure long-term success. Strong year-end performance and future prospects. In its recent fourth-quarter earnings report, Boyd Gaming announced a record $4.09 billion in revenue for 2025. However, the company saw a decline in net income during the final quarter, posting $138.8 million, down from $170.5 million in the same period last year. The company also reported a slight dip in earnings per share, which fell to $1.79, compared to $1.92 in Q4 2024. Despite these declines, Smith remained positive about Boyd's performance, attributing the drop in earnings primarily to external factors, such as severe winter weather and the closure of Sam's Town Tunica in November 2025. Boyd's performance was otherwise strong, especially in the Nevada locals segment, which saw an increase in gaming revenue despite softness in the broader tourism sector. Smith also pointed out the growth potential in Boyd's online gaming segment. As part of its strategy, the company will continue expanding Boyd Interactive, which is expected to contribute significantly to its revenue in 2026. Boyd's online gaming operations, particularly its involvement with the Sky River Casino expansion in Northern California, are forecasted to generate $110 million to $114 million in EBITDAR in the coming year. Looking ahead, Boyd is positioning itself for sustained growth. In addition to the Cadence Crossing project, the company is working on a $160 million gaming facility at its Par-A-Dice Casino in East Peoria, Illinois. This ambitious project involves relocating the casino to a permanently moored barge on the Illinois River. Keith Smith emphasized that this move would enhance the casino's appeal and competitiveness, ensuring long-term growth potential for the property, with construction expected to begin in 2027. Boyd is also in the process of completing the $750 million waterfront casino resort in Norfolk, Virginia, in partnership with the Pamunkey Indian Tribe. This resort, which is slated to open in late 2027, will feature a 200-room hotel, eight dining outlets, and 1,500 slot machines, further contributing to Boyd's diverse portfolio of gaming properties across the U.S. Boyd Gaming executives remain confident about the future, with a focus on strategic investments that align with long-term industry growth. Smith expressed optimism for 2026, pointing out that the company's Nevada and Midwest operations were positioned to benefit from sustained consumer spending in the wake of tax legislation passed in 2025.
Cahill represented the lead arrangers in connection with credit facilities for Boyd Gaming Corporation, comprised of a $1.2 billion Term A credit facility and a $1.45 billion revolving credit
Boyd Gaming donates over $215,000 through 'trees of Hope' Rhea-AI summary. Boyd Gaming (NYSE: BYD) donated more than $215,000 through its annual Trees of Hope charitable competition on Dec. 30, 2025. A total of 175 non-profits across 10 states participated, with winners chosen from over 100,000 guest votes. Since 2007 the program has contributed nearly $2 million to non-profits nationwide. Participants decorated trees at Boyd Gaming properties, and a listing of first-place winners by property is available on the company's website. Boyd Gaming operates 27 gaming entertainment properties in 11 states, manages a tribal casino in northern California, and owns Boyd Interactive and the Boyd Rewards loyalty program. * Donation of over $215,000 to non-profits * 175 non-profits participated across 10 states * More than 100,000 guest votes determined winners * Program total nearly $2 million donated since 2007 * 27 properties involved in event promotion
East Peoria unveils plans for new Par-A-Dice Casino, sparking inter-city dispute. Boyd Gaming has revealed ambitious plans to construct a new $160 million casino in East Peoria, Illinois, intended to replace the existing Par-A-Dice Riverboat Casino. This development, however, has reignited a long-standing dispute with the neighboring city of Peoria over a 1991 intergovernmental agreement concerning land-based casino operations. The proposal, presented to the Illinois Gaming Board, hinges on a novel interpretation of "water-based" gaming to circumvent restrictions that would mandate a land-based facility be built in Peoria. Key takeaways. * Boyd Gaming proposes a $160 million land-based casino in East Peoria, dubbed a "modernized riverboat." * The plan involves a 1,000-gallon water basin beneath the casino floor to meet "water-based" regulations. * The City of Peoria argues this violates a 1991 agreement requiring land-based casinos on its side of the river. * The Illinois Gaming Board is expected to make a determination in February. A "modernized riverboat" Emerges. Boyd Gaming's strategy to keep the new casino in East Peoria involves constructing a land-based facility that sits atop a basin filled with 1,000 gallons of Illinois River water. The company refers to this as a "modernized riverboat," asserting it complies with state regulations that permit riverboat gambling on waters within Illinois. Renderings presented to the Illinois Gaming Board depict a new building rather than a traditional riverboat, connected to the existing Par-A-Dice Hotel. The proposed facility would feature approximately 29,000 square feet of casino space, a 20,500-square-foot ballroom, a steakhouse, and a gastropub. Boyd Gaming anticipates construction will take 16 months, with completion targeted for late 2028. Inter-City tensions flare. The plan has immediately drawn criticism from Peoria officials, who contend that Boyd Gaming is exploiting a loophole in the 1991 intergovernmental agreement. This agreement stipulated that while water-based casinos could operate in East Peoria, any land-based casino must be built within Peoria's city limits. Peoria city leaders have long feared such a scenario, especially after Illinois legalized land-based casinos in 2019. Attorneys for Peoria have previously warned East Peoria against assisting Boyd Gaming in relocating the casino to a land-based site within East Peoria, citing the agreement. Peoria City Manager Patrick Urich stated that the city is still reviewing Boyd Gaming's presentation and evaluating its options. Economic implications and historical context. East Peoria Mayor John Kahl has publicly supported Boyd Gaming's proposal, highlighting the casino's significant economic contributions to the region. Since 1991, the Par-A-Dice Casino has generated substantial gaming revenue, with both cities splitting the local share of state gaming taxes. However, East Peoria retains additional tax revenue from hotel operations, dining, and entertainment. Boyd Gaming notes that revenue from the current Par-A-Dice has declined, necessitating modernization. The Par-A-Dice Casino first opened in 1991, initially docked in Peoria before moving to its permanent East Peoria location in 1993. The current riverboat was commissioned in 1994. The dispute underscores the financial stakes involved, as property, hotel, restaurant, and sales taxes remain with the host community. The path forward. The Illinois Gaming Board has not yet made a determination on Boyd Gaming's proposal and is expected to revisit the matter in February. The decision will likely hinge on the interpretation of "water-based" gaming and the validity of Boyd's "modernized riverboat" concept in light of the 1991 intergovernmental agreement between Peoria and East Peoria.