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
Casino City Press
Casino Schedule Ease
Casino City Press
A leading publisher and distributor of casino and gaming business data and market research reports.
Casino Schedule Ease
Full Featured & customizable for the complex scheduling needs of table games & other casino depts
Rymax Marketing Services, Inc.
Betson Imperial Parts & Service
Rymax Marketing Services, Inc.
Leader in creating award winning player & employee loyalty programs & events proven to increase ROI
Betson Imperial Parts & Service
Your one stop shop for all your gaming and OEM needs!
TribalHub
Sunkist Graphics, Inc.
TribalHub
26th Annual TribalNet Conference Sept 15-18, 2025 at Grand Sierra Resort and Casino in Reno, Nevada
Sunkist Graphics, Inc.
Specializing in the creation of best-of-breed gaming graphics - slot glass, sign faces, and more
REDW Business & Financial Resources, LLC
Concept 3, LLC
REDW Business & Financial Resources, LLC
Improve Your Odds of Success: Trust in REDW’s Tribal Casino Operations & Audit Experts!
Concept 3, LLC
Custom Creations, Unmatched Value – Elevating Brands with Quality & Savings Since 2004
Prezzee
Casino Network
Prezzee
Prezzee provides digital gift cards from top brands to reward loyal guests and employees.
Casino Network
20+ years experience selling refurbished slot machines, parts & glass for all major brands
Oklahoma Indian Gaming Association (OIGA) Conference
Imagine This
Oklahoma Indian Gaming Association (OIGA) Conference
The biggest little show in Indian gaming! Save the date: July 14-16, 2025 Oklahoma City
Imagine This
Imagine This #1 Source for Player Gifts. Over $50 million in stock ready to ship! Let us serve you!
Slot Machines Unlimited
Players Pal
Slot Machines Unlimited
Exporter of IGT, Williams, AVP, Trimline, Aristocrat, Konami, Bally, & parts over 20 yrs experience
Players Pal
Revolutionize the way you connect with your casino players with the Players Pal mobile app
Texas Slots & Gaming
Regulatory Management Counselors, PC
Texas Slots & Gaming
Wholesale gaming reimagined. Texas Slots & Gaming is your sustainable gaming partner.
Regulatory Management Counselors, PC
Over 45 years of experience serving the legal and regulatory needs of casino industry clients


Your Guide to 14,963 Gaming Industry Suppliers