TITLE

Changing times, different market

PUB. DATE
March 2009
SOURCE
Las Vegas Business Press (10712186);3/16/2009, Vol. 26 Issue 11, pP28
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article highlights the unexpected offer made by Boyd Gaming Corp. to buy a large portion of Station Casinos. It notes that the two gaming corporations are fierce competitors in the Las Vegas casino industry, but the changing economy has led to the possible merger. It says that Station Casinos is on the verge of bankruptcy and is being offered a $2 billion credit line for capitalization by Boyd Gaming Corp. in exchange for certain properties in Southern Nevada.
ACCESSION #
40539013

 

Related Articles

  • Boyd Gaming says bid for Station Casinos assets legitimate. Stutz, Howard // Las Vegas Business Press (10712186);11/2/2009, Vol. 26 Issue 44, pP16 

    The article reports on the rejection of a bid by Boyd Gaming Corp. to acquire a portion of rival Station Casinos out of bankruptcy in Nevada. According to Boyd Gaming chief executive officer (CEO) Keith Smith, Station Casinos executives have dismissed Boyd's 950 million U.S. dollar offer on...

  • Station Casinos Rejects Buy Offer, Gets Forbearance. Sheahan, Matthew // High Yield Report;3/9/2009, Vol. 20 Issue 10, p14 

    The article reports on the rejection of the acquisition bid of Boyd Gaming of 950 million U.S. dollars for Station Casinos in March 2009. The reasons why Station rejected the bid are listed. Additionally, Station has reached a forbearance deal with bondholders for an extension of debt payments...

  • Boyd won't bid on Station assets. Stutz, Howard // Las Vegas Business Press (10712186);8/9/2010, Vol. 27 Issue 32, pP13 

    No abstract available.

  • Station Casinos Rejects Buy Offer. Sheahan, Matthew // Mergers & Acquisitions Report;3/9/2009, Vol. 22 Issue 10, p35 

    The article reports that Station Casinos did not accept the 950 million U.S. dollars acquisition offer from Boyd Gaming. According to a letter to Boyd dated March 3, 2009, the offers was non-binding and conditional which was not enough to risk sharing confidential information. On the other hand,...

  • Boyd Gaming objects to Station restructuring plan. Stutz, Howard // Las Vegas Business Press (10712186);5/3/2010, Vol. 27 Issue 18, pP13 

    The article reports on the objection by Boyd Gaming Corp. to the proposed bankruptcy reorganization and restructuring plan of Station Casinos.

  • Report: No misconduct in Station buyout. Knightly, Arnold M. // Las Vegas Business Press (10712186);10/5/2009, Vol. 26 Issue 40, pP14 

    The article offers information on a report filed by a special committee of Station Casinos board of directors with the bankruptcy court in Reno, Nevada. According to the report, the board of directors has found that the economic failure of the company's buyout was due to the economic downturn....

  • Boyd bids to file Station plan. Stutz, Howard // Las Vegas Business Press (10712186);11/9/2009, Vol. 26 Issue 45, pP15 

    The article reports on the filing of a motion by Boyd Gaming Corp. in the bankruptcy proceedings for Station Casinos requesting the U.S. Bankruptcy Court in Reno, Nevada to allow it to submit a reorganization plan for its rival casino operator. The proposed organization plan of Boyd Gaming...

  • Boyd continues to eye Station assets. Knightly, Arnold M. // Las Vegas Business Press (10712186);8/10/2009, Vol. 26 Issue 32, pP13 

    The article reports on the plan of Boyd Gaming Corp. to purchase some of the assets of Station Casinos, which filed for Chapter 11 bankruptcy in July 2009. According to Boyd Chief Executive Officer (CEO) and President Keith Smith, the company is extremely interested in this transaction. It says...

  • Station gets more time to submit plan. Knightly, Arnold M. // Las Vegas Business Press (10712186);11/30/2009, Vol. 26 Issue 48, pP13 

    The article announces that the deadline set by a bankruptcy judge for Station Casino to produce their own restructuring plan was extended pending modification of key lease agreement opposed by creditors. The deadline was originally set for November 2009 under Chapter 11 rules that provides 120...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics