Boyd Gaming expects to open its Cadence Crossing casino in Henderson by the end of March, company executives said Thursday in a conference call announcing the company’s fourth-quarter and year-end results.
The 50,000-square-foot project with a 10,000-square-foot casino, Boyd’s first development in more than 20 years, replaces the company’s Jokers Wild property on Boulder Highway.
Boyd officials initially said Cadence Crossing would open in mid-2026, but Boyd President and CEO Keith Smith noted the opening in March when he addressed investors on the call.
“The adjacent community of Cadence has more than 1,200 new homes sold in 2025 alone,” Smith told investors. “This is the third best sales performance of any master-planned community in the country. The strong residential growth continues throughout the neighborhood. We believe Cadence Crossing Casino will be well positioned to deliver a strong return on our investment.”
Boyd has not said how much it is spending on the project, but it is setting aside $100 million in capital improvements to upgrade resorts across the country.
Cadence will have 450 slot machines and several as-yet-unidentified food and beverage outlets. Boyd intends to accelerate the expansion of Cadence Crossing with the growth of Cadence development. Eventually, the company plans to attach a hotel with an unspecified number of rooms to the casino but a timetable has not been disclosed.
During the call, Smith also said Boyd would complete its modernization project at Suncoast in the third quarter. Next on the company’s capital investment plan will be improvements to The Orleans in Las Vegas.
Boyd, which has 27 casinos in 11 states and manages a tribal property in California, in November opened a temporary casino in Norfolk, Virginia. The $750 million waterfront casino resort, built in partnership with the Pamunkey Indian Tribe, is set to open in late 2027 and will feature a 200-room hotel, eight food and beverage outlets and a casino with 1,500 slot machines and 50 table games.
Smith said Boyd generated record revenue of $4.09 billion in 2025, but net income and profit fell in the fourth quarter.
The company reported net income of $138.8 million, or $1.79 per share, on revenue of $1.062 billion for the quarter ended Dec. 31. That compared with net income of $170.5 million, or $1.92 per share, on revenue of $1.04 billion in the fourth quarter of 2024.
Boyd stock, which trades on the New York Stock Exchange, closed down $1.14, or 1.3 percent, at $83.64 a share in above-average trading volume.
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