Boyd Gaming starts 2025 with $991M in Q1 revenue

Boyd Gaming reports a good start to 2025 with a solid start, pulling in almost $1 billion in revenue for the first quarter.
From January through March, Boyd earned $991.6 million, with adjusted EBITDA increasing to $309.4 million. CEO Keith Smith credited their diverse portfolio, strong customer loyalty, and popular properties, especially in the Midwest, South, and downtown Las Vegas.
While revenue from local Las Vegas casinos declined by 4%, their downtown spots got a boost due to Hawaiian visitors.
Keith Smith, President and Chief Executive Officer of Boyd Gaming, said:
“While economic uncertainty has increased in recent weeks, we are encouraged that trends in our business have remained consistent over the first three weeks of April. In all, we are pleased with the overall performance of our business and remain confident in our ability to manage through the current environment, supported by our strong balance sheet and experienced management team.”
Boyd’s plans for the future
Boyd’s big project in Nevada is set to open by mid-2026. It’s their first brand-new casino in 20 years! Outside Nevada, Boyd is pushing forward with major projects in Virginia and California, feeling confident thanks to what they call the strongest balance sheet in their history.