Boyd Gaming Acquires Las Vegas Locals Casino Site

LAS VEGAS – (PRESS RELEASE) -- Boyd Gaming Corporation today announced that the Company is acquiring a 40-acre, fully-entitled casino site to grow its presence in the Las Vegas locals gaming market. The land is located in a rapidly developing area in the northwest part of the Las Vegas metropolitan area near the intersection of the two major freeways traversing the city, Interstate 15 and the Las Vegas Beltway. The Company is acquiring the parcel for $35 million, with the closing to take place this week.

The property is located on the southwest corner of the intersection of Lamb Boulevard and Centennial Parkway in the City of North Las Vegas. Residential development adjacent to and in the general vicinity of the site is active, reflecting the dynamic growth of the entire Las Vegas metropolitan area.

Bill Boyd, Chairman and Chief Executive Officer of Boyd Gaming, commented, "Growing our strong franchise in the Las Vegas locals market has been a significant priority for our Company. This site is very well situated in a major growth corridor in the northwest part of Las Vegas with a location that is a perfect complement to, and not in conflict with, our other properties that serve Las Vegas locals. We anticipate beginning work next year on the development of a full-service casino hotel. We are looking forward to working with the City of North Las Vegas to bring this development to fruition, and we are excited to take another significant step in solidifying our strong and growing position in the Las Vegas locals gaming market."