LAS VEGAS (KLAS) — Boyd Gaming announced details for a $750 million resort in the Norfolk, Virginia, area on Thursday and offered updates on renovations that are continuing at some of the company’s 10 Las Vegas casinos.
Keith Smith, president and CEO of Boyd Gaming, said renovations at several Las Vegas properties are proceeding while the Norfolk project prepares to break ground next week. The company reported third-quarter revenues of $961.2 million, up from $903.2 million in the third quarter of 2023.
The company operates casinos across the country, with the bulk of its revenue coming from operations in the Midwest and the South. The Norfolk venture involves a 200-room hotel with a casino floor big enough to accommodate 1,500 slots and 200 table games. About 1.8 million people live in the market targeted by the resort project, Smith said. A temporary casino will open in late 2025 to meet regulation requirements.
Closer to home, renovations at the 712-room Gold Coast Hotel & Casino are being completed. A similar hotel renovation project at the 1,885-room Orleans Hotel & Casino will begin soon, officials said.
At Suncoast Hotel & Casino a two-year project is underway with renovations that will “retouch and refresh virtually every area” of the hotel, officials said earlier this year. The new sportsbook is open, along with a new high-limit room and a new William B’s Steakhouse. “Next up are a complete renovation of the entire casino floor, a new bingo room, and expanded meeting space upstairs,” according to David Strow, vice president of corporate communications.
And another renovation project produced big results in the third quarter downtown at Fremont Hotel & Casino. Officials said the Fremont performed at record levels after a total renovation was completed this year.
In late July, Boyd announced plans for Cadence Crossing, a small casino project that will eventually take over land occupied by Jokers Wild at Boulder Highway and Warm Springs Road. That casino willl open its doors in early 2026 with 400 slots and several restaurants. How much it grows from there depends on the surrounding neighborhood.
“As Cadence expands, so will our property,” Smith said.
In late September, Boyd Gaming’s online division acquired Resorts Digital, the online gambling arm of Atlantic City’s Resorts casino, which analysts said outperformed the Resorts casino for years.
Smith said the company is preparing for changes that will legalize gambling in new states. On that front, Boyd increased its estimates for profits from its online division for 2024.