Boyd Gaming Completes Acquisition of IP Biloxi

Tuesday October 4th 2011 05:39:39 PM

LAS VEGAS, Oct. 4, 2011 /PRNewswire via COMTEX/ --Boyd Gaming Corporation (NYSE: BYD) today announced that it has completed its acquisition of the IP Casino Resort Spa in Biloxi, Mississippi. Boyd Gaming now owns and operates 17 properties in Nevada, New Jersey, Mississippi, Illinois, Indiana and Louisiana. "With the purchase of the IP, Boyd Gaming is expanding into one of the most important gaming markets in the country, further diversifying our operations," said Keith Smith, President and Chief Executive Officer of Boyd Gaming. "We believe the acquisition of this market-leading property is a substantial growth opportunity, and we are confident it will deliver attractive returns fo...

Boyd Gaming Receives Regulatory Approval to Acquire IP Biloxi

Thursday September 22nd 2011 03:01:05 PM

LAS VEGAS, Sept. 22, 2011 /PRNewswire via COMTEX/ --Boyd Gaming Corporation (NYSE: BYD) today announced that the Mississippi Gaming Commission has approved the Company's proposed acquisition of the IP Casino Resort Spa in Biloxi, Mississippi. With today's action, the Company has received all required regulatory approvals to proceed with the acquisition. The transaction is expected to close on October 4, 2011. "We look forward to joining the Mississippi Gulf Coast with this market-leading property," said Keith Smith, President and Chief Executive Officer of Boyd Gaming. "The IP's employees enjoy a strong reputation for delivering first-rate customer service, and we are excited to we...

Dania Jai-Alai Sale Closing Date Extended

Thursday September 15th 2011 01:11:00 PM

LAS VEGAS, Sept. 15, 2011 /PRNewswire via COMTEX/ --Boyd Gaming Corporation (NYSE: BYD) today announced that Dania Entertainment LLC has elected to extend the closing date of its pending acquisition of Dania Jai-Alai in Dania Beach, Fla. The sale is expected to close on or before November 28, 2011. As permitted under the terms of the definitive sale agreement, Dania Entertainment, LLC, has made an additional, non-refundable payment of $2 million to Boyd Gaming in exchange for the extension of the closing date. Of the $2 million payment, $1 million will be applied to the $80 million purchase price. Boyd Gaming previously received a $5 million non-refundable deposit upon execution of t...

Boyd Gaming Reports Second-Quarter Results

Wednesday July 27th 2011 07:06:00 AM

-Wholly-Owned Operations Post 13% Adjusted EBITDA Growth- -Midwest and South Region Leads Company with 19% EBITDA Gain- LAS VEGAS, July 27, 2011 /PRNewswire via COMTEX/ --Boyd Gaming Corporation (NYSE: BYD)today reported financial results for the second quarter ended June 30, 2011. (Logo: http://photos.prnewswire.com/prnh/20030219/BOYDLOGO) Net revenues were $574.4 million for the second quarter 2011, a decrease of less than 1% from the same quarter in 2010. Total Adjusted EBITDA(1) was $118.4 million for the quarter, up 4.3% from $113.5 million in the prior year. Our wholly-owned business reported second-quarter 2011 net revenues of $391.6 million, essentially flat with the ye...

Boyd Gaming to Report Second-Quarter Results, Host Conference Call and Webcast on July 27

Wednesday July 20th 2011 02:37:44 PM

LAS VEGAS, July 20, 2011 /PRNewswire via COMTEX/ --Boyd Gaming Corporation (NYSE: BYD)announced today that the conference call to review the Company's second-quarter 2011 results will take place on Wednesday, July 27, at 12:00 p.m. Eastern. The conference call number is (888) 679-8040 and the passcode is 61477833. Please call up to 15 minutes in advance to ensure you are connected prior to the start of the call. The Company will report its results on the same day at approximately 7:00 a.m. Eastern. (Logo: http://photos.prnewswire.com/prnh/20030219/BOYDLOGO) The conference call will also be available live on the Internet at www.boydgaming.com or http://phx.corporate-ir.net/phoenix...

Boyd Gaming to Acquire IP Casino Resort Spa in Biloxi

Thursday June 16th 2011 06:02:00 AM

Conference Call to Discuss Transaction at 12 p.m. ET Today; (866) 543-6403- LAS VEGAS, June 16, 2011 /PRNewswire via COMTEX/ -- Boyd Gaming Corporation (NYSE: BYD) today announced that it has entered into a definitive agreement to acquire the IP Casino Resort Spa in Biloxi, Mississippi, from Imperial Palace of Mississippi, LLC, and Key Largo Holdings, LLC, for $278 million in cash. The Company will also contribute $10 million at closing to the Engelstad Family Foundation, which will be distributed over the next five years to local and regional charitable organizations in the Biloxi area. (Logo: http://photos.prnewswire.com/prnh/20030219/BOYDLOGO) The transaction will be financed with...

Boyd Gaming Names Rutherford General Manager of Par-A-Dice

Thursday June 2nd 2011 02:21:34 PM

Peoria Native to Lead Illinois Property -- LAS VEGAS, June 2, 2011 /PRNewswire via COMTEX/ --Boyd Gaming Corporation (NYSE: BYD) today announced that Cori Rutherford has been named Vice President and General Manager of Par-A-Dice Hotel and Casino. (Logo: http://photos.prnewswire.com/prnh/20030219/BOYDLOGO) Rutherford, 37, was previously Director of Operations at the property. She is the fourth woman to be named to a GM post at a Boyd Gaming property, joining Kerrie Burke (Gold Coast), Toni Burns (Sam's Town Tunica) and Kim Etland (Sam's Town Shreveport). A fifth-generation native of the greater Peoria area, Rutherford first joined Par-A-Dice in 1994. After serving in various...

Boyd Gaming Provides Update on Sam's Town Tunica

Wednesday May 18th 2011 02:06:59 PM

LAS VEGAS, May 18, 2011 /PRNewswire via COMTEX/ --Boyd Gaming Corporation (NYSE: BYD) today provided the following statement on Sam's Town Hotel and Gambling Hall in Tunica, Miss., as well as the Company's plans on employee pay during the ongoing closure: (Logo: http://photos.prnewswire.com/prnh/20030219/BOYDLOGO) "Boyd Gaming has been paying Sam's Town employees in full since we closed on May 1, and we are happy to confirm that we'll continue this pay through Sunday, May 22. While we do not yet know exactly how long we will remain closed, we are tentatively planning on calling employees back to work starting Monday, May 23 to prepare for a reopening on Friday, May 27. Although the ...

Boyd Gaming Reports First-Quarter Results

Tuesday May 3rd 2011 07:05:00 AM

Wholly-Owned Operations Achieve Quarterly Adjusted EBITDA Growth-- LAS VEGAS, May 3, 2011 /PRNewswire via COMTEX/ -- Boyd Gaming Corporation (NYSE: BYD)today reported financial results for the first quarter ended March 31, 2011. (Logo: http://photos.prnewswire.com/prnh/20030219/BOYDLOGO) Net revenues were $564.9 million for the first quarter 2011, compared to $573.4 million(1) during the same quarter in 2010, a decrease of 1.5%. Total Adjusted EBITDA was $111.7 million for the quarter, a decrease of 4.0% from $116.3 million(1) in the prior year. Our wholly-owned business reported first-quarter 2011 net revenues of $394.3 million, a decline of 0.5% from the $396.4 million posted in...

Boyd Gaming Announces Agreement to Sell Dania Jai-Alai

Monday May 2nd 2011 07:03:00 AM

LAS VEGAS, May 2, 2011 /PRNewswire via COMTEX/ -- Boyd Gaming Corporation (NYSE: BYD) today announced that it has entered into a definitive agreement to sell the assets of Dania Jai-Alai in Dania Beach, Fla., for $80 million cash. The purchaser is Dania Entertainment Center, LLC, an entity controlled by a group of private investors. (Logo: http://photos.prnewswire.com/prnh/20030219/BOYDLOGO ) Subject to terms of the definitive agreement and satisfaction of various closing conditions, including the completion of due diligence by the buyer and the receipt of all required regulatory approvals, the transaction is expected to close on or before September 26, 2011. In connection with enter...