Boyd Gaming, Morgans rework hotel deal

Knightly, Arnold M.
October 2008
Las Vegas Business Press (10712186);10/6/2008, Vol. 25 Issue 40, pP19
The article reports on the reworked deal of Boyd Gaming Corp. and Morgans Hotel Group to develop two boutiques hotels on the Las Vegas Strip. Rob Stillwell, Boyd Gaming spokesman, said that the amendment preserves the original design of the Echelon including 5,000 rooms, 30 restaurants and 2 theatres. The deadline for Morgans to secure construction financing was extended to 2009 and the agreement could be terminated anytime before December 31, 2009. Boyd is in talks with General Growth Properties as both companied hope to decrease their equity stake.


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