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Boyd Gaming reports Q2 2026 financial results highlighted by stable revenues, consistent property margins, and Shareholder returns. Editorial Standards Fact-Checked ⊘ Independence Commercial Disclosure GC AI Summary Boyd Gaming reported Q2 2026 total revenues of $1.03 billion, roughly flat compared to the same period in 2025, with net income of $131.2 million and Adjusted EBITDAR of $350.5 million, both slightly below prior-year figures. The company maintained 40% property operating margins, with Midwest and South operations, its Online segment, and its Managed business performing well, while Las Vegas Locals and Downtown Las Vegas faced headwinds from destination softness and construction disruptions. Boyd returned more than $170 million to shareholders through dividends and $156 million in share repurchases, ending the quarter with $322.7 million in cash and $2.6 billion in total debt. Key Takeaways Revenue Performance - Second-quarter 2026 revenues reached $1.03 billion, matching figures from the same period in 2025 Net Income and EPS - Net income attributable to Boyd Gaming was $131.2 million, or $1.75 per share Adjusted EBITDAR - Total Adjusted EBITDAR was recorded at $350.5 million for the quarter Operating Margins - Property operating margins held strong at 40%, a level maintained consistently over recent years Shareholder Capital Return - The company returned over $170 million to shareholders via dividends and share repurchases during Q2 2026 Fact-checked Sources verified before publication Financial Performance and operational overview. Boyd Gaming Corporation (NYSE: BYD) released its financial results for the second quarter ended June 30, 2026, posting total revenues of $1.03 billion, which remained in-line with the second quarter of 2025. The company reported net income of $131.2 million, or $1.75 per share, compared to $151.5 million, or $1.84 per share, in the prior-year period. Total Adjusted EBITDAR reached $350.5 million for the second quarter of 2026, down slightly from $357.9 million in the second quarter of 2025, while Adjusted Earnings stood at $144.4 million, or $1.93 per share. Keith Smith, President and Chief Executive Officer of Boyd Gaming, stated: "Our second-quarter results demonstrated the benefits of our diversified business model, with strong performances from our Midwest & South operations, Online segment and Managed business." Smith added that property operating margins remained steady at 40%, supported by core and retail customer strength, capital investments, and a return of more than $170 million to shareholders through dividends and share repurchases. Segment review and Shareholder Capital Return. Performance varied across individual business segments during the quarter. The Midwest & South operations achieved both revenue and Adjusted EBITDAR growth, propelled by robust customer play and recent capital investments. Within the Las Vegas Locals segment, results faced headwinds from continued softness in destination business at the Orleans and ongoing construction disruptions at the Suncoast; however, the remainder of the segment grew year-over-year revenues and Adjusted EBITDAR with property margins surpassing 50%. Downtown Las Vegas experienced consistent play from core and Hawaiian customers, though results remained impacted by broader destination softness downtown. Meanwhile, the Online segment benefited from online casino gaming growth and market access agreements, and the Managed business saw strong revenue and Adjusted EBITDAR expansion driven by management fees from the recently expanded Sky River Casino. As part of its ongoing capital allocation strategy, Boyd Gaming paid a quarterly cash dividend of $0.20 per share on July 15, 2026. Additionally, the company repurchased $156 million of its common stock during the quarter, leaving $551 million remaining under its share repurchase authorization as of June 30, 2026. The company closed the quarter with $322.7 million in cash on hand and total debt of $2.6 billion. Dimitri is an iGaming expert with nearly a decade of experience and a knack for crafting content that speaks directly to the iGaming crowd. He understands affiliate marketing, player psychology, and search algorithms, which enables him to write engaging, data-driven articles. 1 source verified before publication. This news is an official press release that traces directly to official documents by Boyd Gaming. How Gamblers Connect verify sources Boyd Gaming Keith Smith, President and Chief Executive Officer · July 23, 2026 Official Body Primary LinkedIn "Our second-quarter results demonstrated the benefits of our diversified business model, with strong performances from our Midwest & South operations, Online segment and Managed business." Gamblers Connect only publishes verified and official news from reputable corporations. Read its full editorial standards

Travel to Las Vegas still lagging, Boyd Gaming officials say. Posted: Jul 23, 2026 / 04:22 PM PDT Updated: Jul 23, 2026 / 04:22 PM PDT LAS VEGAS (KLAS) - Boyd Gaming executives said Thursday Cadence Crossing is off to a strong start in the southeast valley's locals market, but travel trends are still keeping business down at its largest property. The company is mostly focused on locals, but The Orleans Hotel & Casino also relies on travelers, offering nearly 1,900 hotel rooms. "Destination tourism" in Las Vegas and beyond has taken a step back over the past year-and-a-half. Many people are staying closer to home if they're traveling at all. During that lull, many resort companies have taken the opportunity to complete renovations, and Boyd Gaming has done the same. In fact, by sometime next year, Boyd will have renovated about 70% of their Las Vegas room inventory, which totals about 5,400 rooms across nine hotels in the valley. Cadence Crossing replaces Boyd Gaming's Joker's Wild property on Boulder Highway. Land at the site would accommodate a hotel, and more amenities common for resorts, but there is no schedule yet for possible expansion. In addition to its Las Vegas properties, the company has 18 other resort properties across the U.S. Those properties are currently outperforming the company's Las Vegas portfolio, serving regional customers who live nearby. Boyd Gaming's Las Vegas properties reported about $332 million in revenue in the second quarter (April-June), compared to $384 million in the second quarter of 2025. Earnings (EBITDAR, or earnings before interest, taxes, depreciation, amortization and rent) came in at about $123 million for the quarter, compared to $132 million in the second quarter of 2025. Renovations now and later. Sportsbook renovations at Sam's Town Hotel & Gambling Hall and Aliante Casino + Hotel + Spa will be complete before the football season begins, according to Keith Smith, Boyd Gaming's president and CEO. The renovation of the casino and other public spaces at the SunCoast is expected to be complete some time in the third quarter of this year. Boyd officials are expecting to grow market share as customers return when renovations are finished. Next, a complete renovation of the casino and public spaces at the Orleans is planned. Officials expect to begin that project in 2027.

Boyd Gaming appoints Stacia andersen and George roeth to board of directors. Boyd Gaming Corporation announced on June 25 the appointment of Stacia J. Andersen and George C. Roeth to its Board of Directors. Andersen is the former Executive Vice President and Chief Customer Officer for PetSmart LLC, one of the nation's largest pet supply retailers. Before joining PetSmart in 2019, she served as President of Abercrombie & Fitch and previously held several senior executive roles during a 20-year career at Target Corporation. Andersen currently serves on the Board of Directors of Wolverine World Wide, a footwear manufacturing company. Roeth is the former Chief Executive Officer of Central Garden and Pet, a publicly traded company in pet and garden supplies. Prior to that role, he spent 27 years in various marketing and executive positions at The Clorox Company, including co-Chief Operating Officer. Roeth currently serves as Lead Director of Oil-Dri Corporation of America, a manufacturer and supplier of specialty sorbent materials, and is also an Executive Advisor to Gryphon Investors Inc., a private investment firm with more than $10 billion in assets under management. Founded in 1975, Boyd Gaming operates 27 gaming entertainment properties across 11 states. The company also manages a tribal casino in northern California and owns Boyd Interactive, an online casino gaming business serving both businesses and consumers. Its nationwide portfolio is connected through Boyd Rewards. PR Newswire operates globally across more than 170 countries with support in over 40 languages; it collaborates with over 500,000 media outlets worldwide while offering services such as press release distribution, AI-enhanced content tools, social sharing features, and expert editorial support available around the clock for SEO guidance - all aimed at delivering global reach for clients' news releases - according to the official website.