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BOYD GAMING CORP

For the period ended Mar 31, 2026. Filed Apr 30, 2026.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed Apr 30, 2026

BYD$77.86+1.7%Stored close · as of Nov 9, 2026

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Item 1A. Risk Factors Item 2

Item 1A**.Risk Factors

There were no material changes from the risk factors previously disclosed in Part I. Item 1A.Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the SEC on February 20, 2026.

Item 2.Unregistered Sales of Equity Securities and Use of Proceeds

The following table discloses share repurchases that we have made pursuant to our share repurchase program during the three months ended March 31, 2026.

Total Number of Shares
Purchased as Part · Approximate Dollar Value
Total Number ofAverage Price Paidof a PubliclyThat May Yet Be Purchased
PeriodShares Purchased (1)Per ShareAnnounced PlanUnder the Plan (2)
January 1, 2026 through January 31, 2026568,657$86.33568,657$313,035,934
February 1, 2026 through February 28, 2026583,32384.17583,323263,940,327
March 1, 2026 through March 31, 2026695,06781.79695,067207,092,400
Total1,847,047$83.941,847,047207,092,400

(1) All shares repurchased are covered by our share repurchase program as approved by our Board of Directors (the "Share Repurchase Program"). The Board of Directors approved $300.0 million for our Share Repurchase Program on October 21, 2021, and an additional $500.0 million to the Share Repurchase Program on each of June 1, 2022, May 4, 2023, May 9, 2024, December 5, 2024, July 17, 2025 and April 8, 2026 for a total authorization of $3.3 billion. The Share Repurchase Program has no expiration date.

(2)Total approximate dollar value that may yet be purchased under the plan as of March 31, 2026, excludes consideration of the additional $500.0 million share repurchase authorization approved by the Board of Directors on April 8, 2026.

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