Boyd Gaming Completes Blue Chip Acquisition
LAS VEGAS, Nov. 10 /PRNewswire/ -- Boyd Gaming Corporation, (NYSE: BYD - news) today announced the closing of its $273.6 million acquisition of the Blue Chip Casino, a riverboat casino in Michigan City, Indiana.
William S. Boyd, Chairman and Chief Executive Officer of Boyd Gaming, commenting on the transaction's closing, ``We are very pleased to add Blue Chip to our diversified portfolio of properties and to welcome its excellent employees to our Boyd family. Having gotten to know the people and the operation better over the past few months, we are even more excited about our future in Michigan City. Blue Chip's operation has continued to improve this past summer and fall which further confirms the value of the acquisition for Boyd Gaming shareholders. Blue Chip's earnings should go a long way to replacing Silver Star management fee income when that contract terminates in a few months.'
This press release contains forward-looking statements regarding the operating results of the Blue Chip, which are subject to change. The actual results may differ materially from those described in any forward-looking statements. Additional information concerning potential factors that could affect the Company's financial results are included in the Company's Form 10-K for the year ended December 31, 1998.
Headquartered in Las Vegas, Boyd Gaming Corporation (NYSE: BYD - news) is a leading diversified owner or operator of 11 casino entertainment properties located in Nevada, Mississippi, Illinois and Louisiana. Boyd Gaming is also developing ``The Borgata' (AOL keyword: borgata or theborgata.com), a $750 million casino resort in the Marina district of Atlantic City, through a joint venture with Mirage Resorts, Incorporated.
Boyd Gaming press releases are available by facsimile through Company News On-Call (800) 758-5804, extension 104550, or at prnewswire.com. Additional news and information on Boyd Gaming can be found at boydgaming.com.
SOURCE: Boyd Gaming Corporation |
