Key Developments: Boyd Gaming Corp (BYD)
11.74USD
18 Jun 2013
$-0.01 (-0.09%)
$11.75
$11.78
$11.95
$11.71
1,263,903
2,593,115
$14.50
$4.75
Latest Key Developments (Source: Significant Developments)
Boyd Gaming Corp. Announces Offering Of $300 Million Of Senior Notes Due 2020
Boyd Gaming Corp. announced that it is offering $300 million aggregate principal amount of eight year senior notes in a private placement transaction, subject to market and certain other conditions. The senior notes will be fully and unconditionally guaranteed by certain of the Company's current and future domestic restricted subsidiaries. Subject to the satisfaction of certain conditions, the Company intends to use proceeds from the offering to repay a portion of the outstanding revolving balance on its bank credit facility or for general corporate purposes. Full Article
Boyd Gaming Corp. To Acquire Peninsula Gaming LLC For $1.45 Billion
Boyd Gaming Corp. announced that it has entered into a definitive agreement to acquire Peninsula Gaming, LLC, for total consideration of $1.45 billion. Subject to the satisfaction of various closing conditions and receipt of required regulatory approvals, Boyd Gaming expects the transaction to close by the end of 2012. Under the terms of the transaction, Boyd Gaming is obligated to make an additional payment in 2016 should Kansas Star's EBITDA exceed $105 million in 2015. The additional payment would be 7.5 times additional EBITDA over $105 million. Greenhill & Co., LLC served as the exclusive financial advisor and Morrison & Foerster LLP served as legal advisor to Boyd Gaming. Bank of America Merrill Lynch, J.P. Morgan and Deutsche Bank Securities Inc. provided the committed financing for the transaction. Full Article
Boyd Gaming Corp. Issues Q2 2012 EPS Guidance In Line With Analysts' Estimates-Conference Call
Boyd Gaming Corp. announced that for second quarter of 2012, it expects adjusted earnings per share (EPS) in the range of $0.06-$0.10. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.10 for second quarter of 2012. Full Article
Boyd Gaming Corp. Issues Q1 2012 EPS Guidance In Line With Analysts' Estimates-Conference Call
Boyd Gaming Corp. announced that for first quarter of 2012, it expects earnings per share (EPS) in the range of $0.05-$0.09. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $0.08 for first quarter of 2012. Full Article
Boyd Gaming Corp. Terminates Agreement to Sell Dania Jai-Alai
Boyd Gaming Corp. announced it is terminating the agreement to sell Dania Jai-Alai, after receiving notice from the prospective buyer, Dania Entertainment LLC, that the buyer was unable to close the sale within the time period required by the agreement. The buyer previously exercised its option to extend the closing of the purchase of the Dania Beach, Fla., property to a date on or before November 28, 2011 . Since the closing did not occur within that timeframe, Boyd Gaming is exercising its right pursuant to the terms of the agreement to terminate the transaction. Full Article
Boyd Gaming Corp. Issues Q4 2011 Guidance; EBITDA Guidance Below Analysts' Estimates-Conference Call
Boyd Gaming Corp. announced that for fourth quarter of 2011, it expects wholly-owned EBITDA which includes corporate expense to be in the range of $73-$78 million exclusive of IP's results. Adjusted earnings per share (EPS) is to be in a range from income of $1.10 per share to a loss of $0.04 per share. According to I/B/E/S estimates, analysts were expecting the Company to report EBITDA of $107 million and EPS of $(0.02) for fourth quarter of 2011. Full Article
Boyd Gaming Corp. Completes Acquisition Of IP Biloxi
Boyd Gaming Corp. announced that it has completed its acquisition of the IP Casino Resort Spa in Biloxi, Mississippi. Boyd Gaming owns and operates 17 properties in Nevada, New Jersey, Mississippi, Illinois, Indiana and Louisiana. Terms of the transaction were not disclosed. Full Article
Boyd Gaming Corp.'s Dania Jai-Alai Sale Closing Date Extended
Boyd Gaming Corp. 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 the definitive agreement. Full Article
Boyd Gaming Corp. Issues Q3 2011 EPS Guidance In Line With Analysts' Estimates-Conference Call
Boyd Gaming Corp. announced that for the third quarter of 2011, it expects adjusted earnings per share (EPS) to range from breakeven $0.03 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.01 for the third quarter of 2011. 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.
