Boyd Gaming Slips in Third Quarter

Boyd Gaming reported revenue of $990.5 million for the third quarter of 2026. That figure fell short of the $1 billion in revenue recorded in the third quarter of 2025. Weakness in the company's destination operations in Las Vegas hurt gaming volume at Orleans Casino.

Chairman and CEO Keith Smith said the quarter highlighted the benefits of the company's diversified business model. Smith noted that, despite the weakness at Orleans, the rest of the Las Vegas Locals portfolio performed strongly and the Midwest & South region continued to grow.

In the Midwest & South segment, the closure of Sam's Town Tunica, the sale of Sam's Town Shreveport and high property taxes at Kansas Star affected results. Excluding these items, segment revenue rose by about three percent. In the Las Vegas Locals segment, construction work at Suncoast also created pressure.

Meanwhile, the Online and Managed & Other segments continued to grow. The double-digit EBITDA increase in the Online segment came from the company's online casino business. Higher management fees following the expansion at Sky River also contributed to growth in the Managed & Other segment.

During the third quarter, the company returned approximately $180 million to shareholders through share repurchases and dividends.