Boyd Gaming announces agreement to sell Dania Jai-Alai

2 May 2011

LAS VEGAS, Nevada -- (PRESS RELEASE) -- Boyd Gaming Corporation (NYSE: BYD) today announced that it has entered into a definitive agreement to sell the assets of Dania Jai-Alai in Dania Beach, Fla., for $80 million cash. The purchaser is Dania Entertainment Center, LLC, an entity controlled by a group of private investors.

Subject to terms of the definitive agreement and satisfaction of various closing conditions, including the completion of due diligence by the buyer and the receipt of all required regulatory approvals, the transaction is expected to close on or before September 26, 2011.

In connection with entering into the purchase agreement, the buyer paid Boyd Gaming $5 million cash, the full amount of which will be applied to the purchase price. The $5 million payment is non-refundable, other than under limited circumstances.

"After a careful analysis, we determined that Dania Jai-Alai no longer fits our current growth strategy," said Keith Smith, President and Chief Executive Officer of Boyd Gaming. "The sale of this asset is consistent with our priority of strengthening our balance sheet, and will be immediately accretive to earnings."

About Boyd Gaming

Headquartered in Las Vegas, Boyd Gaming Corporation (NYSE: BYD) is a leading diversified owner and operator of 16 gaming entertainment properties located in Nevada, New Jersey, Mississippi, Illinois, Indiana, and Louisiana.

Related Links
Boyd Gaming Gaming Vendor Information

Featured Vendors
Imagine This
Rymax Marketing Services, Inc.
Imagine This
Imagine This #1 Source for Player Gifts. Over $50 million in stock ready to ship! Let us serve you!
Rymax Marketing Services, Inc.
Leader in creating award winning player & employee loyalty programs & events proven to increase ROI
AmericanChecked
Slot Machines Unlimited
AmericanChecked
Background checks for the gaming industry with key & non-key packages & fingerprinting solutions
Slot Machines Unlimited
Exporter of IGT, Williams, AVP, Trimline, Aristocrat, Konami, Bally, & parts over 20 yrs experience
Regulatory Management Counselors, PC
Shenzhen ZhengYuanTai Technology Co., Ltd.
Regulatory Management Counselors, PC
Over 45 years of experience serving the legal and regulatory needs of casino industry clients
Shenzhen ZhengYuanTai Technology Co., Ltd.
14 years experienced gaming display manufacturer: open frame, curved, and halo monitors
Casino Network
Casino Schedule Ease
Casino Network
20+ years experience selling refurbished slot machines, parts & glass for all major brands
Casino Schedule Ease
Full Featured & customizable for the complex scheduling needs of table games & other casino depts
Talisman Group Creators of EZ Baccarat
Casino City Press
Talisman Group Creators of EZ Baccarat
With over 800 tables in 150+ casinos, EZ Baccarat is the number one brand in baccarat.
Casino City Press
A leading publisher and distributor of casino and gaming business data and market research reports.
Top One Tech Limited
OCR - Online Casino Reports
Top One Tech Limited
Global Touch solution partner of choice, 10+ years OEM manufacturing, 100,000+ units application
OCR - Online Casino Reports
Delivers highly targeted casino traffic from over 70 countries! Get your casino listed today at OCR!
Texas Slots & Gaming
Sunkist Graphics, Inc.
Texas Slots & Gaming
Wholesale gaming reimagined. Texas Slots & Gaming is your sustainable gaming partner.
Sunkist Graphics, Inc.
Specializing in the creation of best-of-breed gaming graphics - slot glass, sign faces, and more
TribalHub
Players Pal
TribalHub
25th Annual TribalNet Conference Sept 16-19, 2024 Westgate Las Vegas
Players Pal
Revolutionize the way you connect with your casino players with the Players Pal mobile app
Dable Advisory & Consulting Services
House Tech Ads
Dable Advisory & Consulting Services
Advisory & consulting services services for Indigenous entrepreneurs, businesses & organizations
House Tech Ads
Drive quality casino-gambling traffic to your brand from over 70 countries from our premium assets!
Betson Imperial Parts & Service
GamblersPick
Betson Imperial Parts & Service
Your one stop shop for all your gaming and OEM needs!
GamblersPick
Share & Read other players' reviews! A top player community-driven portal for online casinos.
Oklahoma Indian Gaming Association (OIGA) Conference
Oklahoma Indian Gaming Association (OIGA) Conference
The biggest little show in Indian gaming! Save the date: August 12-14, 2024 Oklahoma City


Your Guide to 14,934 Gaming Industry Suppliers