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Get filing alertsBoyd Gaming cuts debt $1.2B, opens Norfolk casino; operating income falls 18% on higher D&A
Filed April 30, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 2, 2025 · ~2 min read
Key Changes
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Interest expense dropped $21M (44%) in Q1 2026 due to $1.2B debt reduction and 60-basis-point rate decline following FanDuel Equity Sale proceeds used to retire $1.68B of debt in Q3 2025.
MD&A: Interest Expense verify on EDGAR → -
high
Operating income fell $35.9M (18%) driven by $26.8M higher depreciation from completed projects (Norfolk casino, meeting space, tech upgrades) and $15.1M lower market access fees after FanDuel deal.
MD&A: Operating Income verify on EDGAR → -
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Online segment margins compressed from 59% to 32.7% due to lower market access fees post-FanDuel Equity Sale; company expects these lower margins to continue permanently.
MD&A: Online Margins verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · May 23, 2026 · How we verify