Key Developments: Boyd Gaming Corp (BYD.N)
12.37USD
10 Jun 2013
$0.02 (+0.16%)
$12.35
$12.37
$12.47
$12.20
558,281
451,764
$14.47
$4.75
Latest Key Developments (Source: Significant Developments)
Boyd Gaming Corp Issues Q2 2013 EPS Guidance In Line With Analysts' Estimates-Conference Call
Boyd Gaming Corp announced that for the second quarter of 2013, it expects adjusted EPS to range from a loss of $0.02 per share to an income of $0.03 per share. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $0.01 for the second quarter of 2013. Full Article
Genting Bhd To Buy Las Vegas Site From Boyd Gaming Corp-Reuters
Reuters reported that Genting Bhd said it would purchase an unfinished resort on the Las Vegas strip from Boyd Gaming Corp for $350 million. Full Article
Boyd Gaming Corp Completes Sale of Echelon Site
Boyd Gaming Corp announced that its previously announced sale of the Echelon site has closed. Full Article
Boyd Gaming Corp Issues Q1 2013 EPS Guidance In Line With Analysts' Estimates-Conference Call
Boyd Gaming Corp announced that for the first quarter of 2013, it expects adjusted EPS to range from a loss of $0.05 to a loss of $0.10. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $(0.06) for the first quarter of 2013. Full Article
Boyd Gaming Corp To Sell Echelon Site
Boyd Gaming Corp announced that it has entered into a definitive agreement to sell the Echelon site on the Las Vegas Strip to the Genting Group for $350 million in cash. The sale agreement includes both the 87-acre land parcel as well as all improvements to the site. Subject to the terms of the definitive purchase agreement and satisfaction of various conditions, the transaction is expected to close on March 4, 2013. A portion of the proceeds will be paid to a third party to fulfill the Company's obligations to LVE Energy Partners, LLC. Following this payment and other closing costs, Boyd Gaming expects to receive approximately $157 million in net proceeds from the transaction. Full Article
Boyd Gaming Corp Receives Final Regulatory Approval To Acquire Peninsula Gaming
Boyd Gaming Corp announced that the Kansas Racing and Gaming Commission has approved the Company's proposed acquisition of Peninsula Gaming LLC. Boyd Gaming has now received all required regulatory approvals required to proceed with the acquisition. The transaction is expected to close on November 20, 2012. Full Article
Boyd Gaming Corp Closes $350 Million Senior Note Offering In Connection With Pending Acquisition Of Peninsula Gaming
Boyd Gaming Corp announced the closing of the offering of $350 million aggregate principal amount of 8.375% senior notes due 2018 by Boyd Acquisition Sub, LLC, an indirect wholly owned subsidiary of Boyd Gaming, and Boyd Acquisition Finance Corp., a direct wholly owned subsidiary of Boyd Acquisition Sub, LLC. The notes were issued in connection with Boyd Gaming's previously announced acquisition of Peninsula Gaming, LLC (Peninsula Gaming). Boyd Gaming expects the acquisition to close in the fourth quarter of 2012. Upon consummation of the acquisition, Peninsula Gaming will assume all of the obligations with respect to the notes, with certain subsidiaries of Peninsula Gaming guaranteeing the obligations under the notes. Full Article
Boyd Gaming Corp. Issues Q3 2012 EPS Guidance Below Analysts' Estimates-Conference Call
Boyd Gaming Corp. announced that for third quarter of 2012, it expects earnings per share (EPS) to a range from loss of $0.05 to break-even. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $0.03 for third quarter of 2012. Full Article
Boyd Gaming Corp. Closes $350 Million Senior Note Offering
Boyd Gaming Corp. announced that it has closed the previously announced offering of $350 million aggregate principal amount of 9% senior notes due 2020. The senior notes have not been, and will not be, registered under the Securities Act of 1933, as amended (the Securities Act), or applicable state securities laws or blue sky laws, and may not be offered or sold in the United States absent registration under the Securities Act and applicable state securities laws or available exemptions from the registration requirements. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy the senior notes. Full Article
Boyd Gaming Corp. Announces Pricing Of Senior Notes Due 2020; Offering Size Increased To $350 Million
Boyd Gaming Corp. announced that it has priced an offering of senior notes due 2020. The aggregate principal amount of notes to be issued in the offering increased from $300,000,000 to $350,000,000. The notes will bear interest at a rate of 9% per annum, payable semi-annually on January 1 and July 1 of each year, commencing January 1, 2013. The senior notes will mature on July 1, 2020. The senior notes will be fully and unconditionally guaranteed by certain of the Company's current and future domestic restricted subsidiaries. The closing of the offering is expected to occur on June 8, 2012. Upon the closing of the offering, the Company expects to receive approximately $340 million in net proceeds. The Company intends to use the net proceeds from the offering to repay a portion of the outstanding revolving balance on its bank credit facility. Full Article
BRIEF-Boyd Gaming up in premarket after New Jersey Governor signs revised online gaming bill
NEW YORK, Feb 27 - Boyd Gaming Corp : * Up 6.8 percent to $6.94 in premarket after New Jersey Governor Chris Christie signs revised online gaming bill
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
