Boyd Gaming Offers To Purchase Station Casinos for 950 Million
Boyd Gaming Corporation announced yesterday that it had delivered a non-binding preliminary indication of interest to the Board of Directors at Station Casinos here in Las Vegas. This indication of interested estimated Station Casinos’ worth at approximately $950 million, in which Boyd Gaming stated that they were fully prepared to offer this amount in cash to the Station’s existing stakeholders.
“We are prepared to commit the necessary resources to complete a transaction as quickly as possible. Boyd’s financial and legal advisers are prepared to immediately commence the due diligence process and proceed expeditiously,” stated the indication of interest. Boyd Gaming is based in Las Vegas and is a leading casino entertainment company. They have 16 gaming properties in six different states, including Nevada, New Jersey, Mississippi, Illinois, Indiana and Louisiana. We’ll keep you posted as we hear more about Boyd Gaming’s interest in purchasing Station Casinos for almost one billion dollars!