Boyd Gaming Corp (BYD.N) Key Developments | Reuters.com
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Boyd Gaming Corp (BYD.N)

BYD.N on New York Stock Exchange

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1 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Boyd Gaming to sell its 50% interest in Borgata
Tuesday, 31 May 2016 04:13pm EDT 

Boyd Gaming Corp - : Boyd Gaming Corp says Borgata estimates that it is entitled to property tax refunds totaling $180 and estimates for open tax appeals .Boyd gaming to sell its 50% interest in Borgata.  Full Article

MGM Resorts, MGM Growth Properties to buy Borgata Hotel Casino & Spa
Tuesday, 31 May 2016 04:10pm EDT 

MGM Resorts International : MGM Resorts International and MGM Growth Properties LLC announce transactions to acquire Borgata Hotel Casino & Spa . MGM Resorts will pay approximately $600 million for Boyd Gaming's 50 percent interest . Borgata to be added to existing master lease between MGM Resorts and MGP, initial rent payment to MGP to increase by $100 million . Following completion of acquisition of Boyd Gaming's interest, MGP will acquire Borgata's real property from MGM Resorts . Says expect transaction to result in high single digit percentage accretion to AFFO per share . Deal for $900 million . Expects to fund acquisition of Borgata Real and assumption of related debt with a combination of existing cash on hand . MGM Resorts international says to acquire Boyd Gaming Corporation's 50 percent interest in Borgata Hotel Casino & Spa .MGP to lease back real property to a unit of Mgm Resorts, after which a subsidiary of MGM Resorts will operate Borgata.  Full Article

Boyd Gaming Corp to acquire Las Vegas assets of Cannery Casino Resorts
Monday, 25 Apr 2016 04:05am EDT 

Boyd Gaming Corp:Boyd Gaming to acquire Las Vegas assets of Cannery Casino Resorts.Deal for total cash consideration of $230 million.Expects acquisition to be cash flow positive and accretive to earnings per share in its first full year of ownership.Says transaction will be funded with cash on hand.  Full Article

Boyd Gaming to acquire Aliante Casino Hotel And Spa
Thursday, 21 Apr 2016 04:05pm EDT 

Boyd Gaming Corp:Entered into a definitive agreement to acquire ALST Casino Holdco, LLC, the holding company of Aliante Casino Hotel and Spa, for total net cash consideration of $380 million.Company expects the transaction to be cash flow positive and accretive to earnings per share during its first full year of ownership.  Full Article

Boyd Gaming Corp announces pricing of 6.375% senior notes due 2026; offering size increased to $750 million
Tuesday, 22 Mar 2016 04:58pm EDT 

Boyd Gaming Corp:Has priced an offering of senior notes due 2026.Aggregate principal amount of notes to be issued in the offering is $750 million.Notes will bear interest at a rate of 6.375% per annum.Closing of offering is expected to occur on March 28.Expects to receive approximately $738.5 million in net proceeds.Intends to use the net proceeds from the notes offering in the future for working capital and general corporate purposes.  Full Article

Boyd Gaming Corp raises FY 2015 EBITDA guidance
Thursday, 22 Oct 2015 04:05pm EDT 

Boyd Gaming Corp:Raises its previously provided guidance for FY 2015.Projects FY 2015 adjusted EBITDA, including 50% of Borgata's adjusted EBITDA, of $610 million to $620 million.FY 2015 EBITDA of $589 million - Thomson Reuters I/B/E/S.  Full Article

Boyd Gaming Corp raises FY 2015 EBITDA outlook
Thursday, 23 Jul 2015 04:05pm EDT 

Boyd Gaming Corp:Projects total Adjusted EBITDA of $575 to $595 million.FY 2015 EBITDA of $558 million - Thomson Reuters.  Full Article

Boyd Gaming Corp raises FY 2015 EBITDA guidance
Thursday, 30 Apr 2015 04:05pm EDT 

Boyd Gaming Corp:Raises its previously provided guidance for FY 2015.Projects FY 2015 total Adjusted EBITDA, including Peninsula and 50pct of Borgata's Adjusted EBITDA, of $542 million to $567 million.FY 2015 EBITDA of $551 million - Thomson Reuters I/B/E/S.  Full Article

Boyd Gaming Corp gives FY 2015 EBITDA outlook in line with analysts' estimates
Thursday, 12 Feb 2015 04:16pm EST 

Boyd Gaming Corp:Expects FY 2015 total adjusted EBITDA, including Peninsula and 50 pct of Borgata's adjusted EBITDA, between $535 to $560 million.FY 2015 EBITDA of $538 million - Thomson Reuters I/B/E/S.  Full Article

Boyd Gaming Corp lowers FY 2014 EBITDA guidance
Thursday, 30 Oct 2014 04:08pm EDT 

Boyd Gaming Corp:Says based on third-quarter results and current business trends, Boyd Gaming is narrowing its FY 2014 Adjusted EBITDA guidance to the high end of its previously provided guidance.Before consideration of the deconsolidation of Borgata, it expects to generate between $590 million and $600 million in Adjusted EBITDA for the year.As a result of the deconsolidation of Borgata, it is modifying its guidance to eliminate 50pct of Borgata's Adjusted EBITDA from the fourth quarter.Says reflecting this change in accounting, FY 2014 guidance for Boyd Gaming's Adjusted EBITDA is $576 million to $586 million.FY 2014 EBITDA of $590 million - Thomson Reuters I/B/E/S.  Full Article

BRIEF-MGM Resorts, MGM Growth Properties to buy Borgata Hotel Casino & Spa

* MGM Resorts International and MGM Growth Properties LLC announce transactions to acquire Borgata Hotel Casino & Spa