In terms of capital expenditures, during the quarter we invested $155 million and expect to spend $650 to $700 million in capital expenditures for the full year. This amount includes approximately $250 million in recurring maintenance capital, $75 million in incremental hotel capital, focused on the Orleans hotel remodel, which is expected to be completed by the end of this year. $50 million in growth capital, primarily related to completing Cadence Crossing, as well as the design and pre-construction activities for the Paradise Modernization Project. And finally, $300 million related to our Virginia project.
Apr 23, 2026 / receipt, needs a key / Josh Hirshberg, CFO | earnings call 2026-04-23 | transcript ae8d7825-2935-438f-a1f2-0aeb8b818083 | chars 12722-13338 | segment 12
We are continuing our capital investment program to enhance our guest experience while expanding our opportunities for growth. During the third quarter, we invested $146 million in capital, bringing year-to-date capital expenditures to $440 million. We now expect total capital expenditures for this year to be approximately $600 million. Capital plans include approximately $250 million in recurring maintenance capital, an additional $100 million in maintenance capital related to hotel room renovation projects, $100 million in growth capital, which includes the recently completed meeting and convention space at Ameristar St. Charles and the ongoing Cadence Crossing development here in Las Vegas, and then finally $150 million or so for our casino development in Virginia. Our growth capital projects remain on budget and on schedule.
Oct 23, 2025 / receipt, needs a key / Josh Hirshberg, CFO | earnings call 2025-10-23 | transcript 1f955662-7675-4493-8ef5-e0610e193713 | chars 13605-14445 | segment 14
A lot of the stuff around Suncoast, most of the hotel renovations, Even the Orleans will be in our maintenance capital budgets.
Oct 23, 2025 / receipt, needs a key / Josh, CEO | earnings call 2025-10-23 | transcript 1f955662-7675-4493-8ef5-e0610e193713 | chars 24714-24841 | segment 25
And as Keith already mentioned, as part of our annual maintenance capital spend this year and next year, we have planned several restaurant upgrades and hotel room remodels.
Oct 24, 2023 / receipt, needs a key / Josh Hirshberg, CFO | earnings call 2023-10-24 | transcript b06a280c-d659-4b37-ac2e-53663bad3206 | chars 14441-14614 | segment 14
We are clearly benefiting from a strong Las Vegas economy as travel and tourism to Southern Nevada continues to increase. In 2022, nearly 39 million people visited Southern Nevada, up more than 20% from the prior year, And airport passenger counts reached all-time record levels. Convention business continued to recover as well, with the convention and meeting attendance more than double 2021 levels.
Feb 2, 2023 / receipt, needs a key / Keith Smith, CEO | earnings call 2023-02-02 | transcript b83e5b30-9be1-4cb3-8b6a-b8c859a1c1e3 | chars 4041-4443 | segment 4
Yeah, look, I think there are other cost pressures, but they're just not to the order of magnitude when you start talking about, say, labor, for instance. So that's why labor is kind of the poster child for it. But we see it in the cost of goods sold, as Keith mentioned, and utilities. across the board. And our teams have done, we've been very fortunate, a really good job at managing through those cost pressures, and we continue to stay focused on it. And some of it has to do with the business is continuing to come back as well, certainly on the hotel side and the F&B side. And as we've mentioned, aspects of our gaming customer are continuing to grow. So that helps us also offset some of the pressures that we're seeing.
Jul 26, 2022 / receipt, needs a key / Josh, other | earnings call 2022-07-26 | transcript efd1d0ca-2948-4a72-a45e-9132967726d6 | chars 32570-33299 | segment 33
As we think about 2022 and on Joe's question of kind of how margins should kind of evolve, how should we think about layering in the additional employees that you're looking to hire throughout 2022? I think as you think about as we bring back team members, we're bringing them back to clean more hotel rooms, service more guests in our restaurants, Paul Cecala, Provide more service on the casino floor, which implies that there will be revenue associated with those team members and so it's not just a purely incremental cost or purely.
Feb 3, 2022 / receipt, needs a key / Paul Cecala, other | earnings call 2022-02-03 | transcript 365639c4-6483-46a1-ba33-df934345ef57 | chars 28628-29165 | segment 28
But we think we still have the opportunity to grow the business kind of across the U.S. Out-of-town travel will continue to grow here in Nevada. Meeting convention business will continue to grow across the U.S., And so there are still, I think, very good revenue opportunities for us.
Oct 26, 2021 / receipt, needs a key / Josh, CEO | earnings call 2021-10-26 | transcript 0f44f942-0491-407f-8d5e-de638ff449b9 | chars 28243-28527 | segment 28
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| Josh Herschenberg | CFO | - | receipt |
| Josh Hershberg | EVP, CFO and Treasurer | receipt | |
| Josh Hirschberg | CFO | - | receipt |
| Josh Hirshberg | CFO | - | receipt |
| Josh Swissman | CFO | - | receipt |
| Keith Smith | CEO | - | receipt |
| Lori M. Nelson | Chief Accounting Officer | - | receipt |
| Theodore A. Bogich | Chief Operating Officer | - | receipt |
| 2023-12-15 | Chief Operating Officer, appointed | sec_8k |
| 2023-02-14 | Chief Accounting Officer, appointed | sec_8k |
| 2016-08-12 | Executive Vice President, retiring | sec_8k |