Boyd Gaming Steps Forward with Casino Expansion in Nevada and Virginia
Nevada: Boyd's Henderson's Cadence Crossing
- The Vegas-based company is constructing its first new casino in two decades in Henderson, Nevada, on the site of the former Joker's Wild casino. The project encompasses a 50,000-square-foot casino and is part of a broader scheme for future expansion, featuring a hotel and additional amenities.
- Schedule: Despite potential cost hikes due to tariffs, the project is proceeding on track, thanks to Boyd's clever financial management and strategic planning.
Virginia: Norfolk's $750-Million Casino Project
- Boyd Gaming is pouring $750 million into a casino project in Norfolk, Virginia. Despite the potential escalation of costs due to tariffs, they are confident in their budget and strategic purchasing strategies. This project is also on schedule.
- Timeline: The Norfolk project is set for completion in late 2027, with a temporary casino slated to open in 2025.
Strategic Expansion
- With their strongest balance sheet in history, Boyd Gaming is taking a strategic approach to managing costs and risks, ensuring their expansion plans progress smoothly, even in the face of external economic challenges.
- A diverse portfolio, including properties in the Midwest, South, and downtown Las Vegas, supports their financial stability and overall decision-making.
- The company remains focused on long-term growth, planning for future phases of their projects to include hotels and expanded gaming and non-gaming amenities.
Gaming company Boyd continues to progress with casino development plans, unfazed by tariff implications.
[2]: David Danzis, Las Vegas Review-Journal, "Boyd Gaming's projects on track despite tariff costs and other challenges, executives say" [3]: "Boyd Gaming Unveils Design Plans for $750 Million Virginia Casino" [4]: "Boyd Gaming's Henderson Casino Project forges ahead" [5]: "Boyd Gaming's Norfolk Casino to Open in 2025 with Smaller Transitional Facility"
- Boyd Gaming is building a new casino in Henderson, Nevada, known as Cadence Crossing, which will include a 50,000-square-foot casino, expanding its casino-and-gambling offerings in the state.
- Despite potential cost increases due to tariffs, Boyd Gaming's strategy and financial management have kept the construction of Cadence Crossing on schedule.
- Boyd Gaming is investing $750 million into a casino project in Norfolk, Virginia, focusing on strategic purchasing strategies to offset potential tariff costs and ensure the project remains on schedule.
- The Norfolk project is planned for completion in late 2027, with a temporary casino set to open in 2025, showcasing Boyd Gaming's commitment to long-term growth and further expansion in the casino-games sector.
