Consistent Revenue and EBITDA Growth
Revenues for the first quarter were nearly $1 billion, while EBITDA was $338 million, with property-level margins maintained at 40%.
Midwest & South Segment Performance
Both revenues and EBITDA grew despite a 28% increase in weather-impacted days, with margins even with the prior year.
Online Segment Growth
The Online segment grew EBITDA by nearly 14% year-over-year, driven by stable performance from market-access agreements and strong growth from Boyd Interactive.
Strong Capital Return
During the first quarter, Boyd Gaming repurchased $328 million in stock and paid $15 million in dividends.
Expansion Projects Underway
Multiple expansion projects are underway, including Cadence Crossing Casino and a $750 million resort project in Norfolk, expected to enhance long-term growth.