Josh Hirsberg

“During the third quarter, play from both core and retail customers continued to grow. As Keith mentioned, in our Midwest and South segment, adjusted revenues for the quarter grew nearly 3%, while EBITDA grew approximately 2.5%, supported by growth in gaming revenues.”

“During the quarter, our Midwest and South segment delivered another strong performance, contributing revenue and EBITDA growth, as well as achieving margins that were their highest in nearly two years.”

“During the first quarter, we continued to deliver consistent results supported by growth in property-level revenues and IBIDAR. This growth, along with our continued focus on operating efficiencies, resulted in property-level margins of more than 39%.”

“2025 was another successful year for our company. We generated EBITDA of approximately $1.4 billion, consistent with each of the last five years. Revenues achieved record levels, property operating margins remained at 40%.”

“During the third quarter, play from our core customers continued its long-term growth trend, while retail customers’ play also continued to improve. Management teams did their part remaining focused on operating efficiently and generating returns from our capital investments.”