Boyd Gaming completes sale of 50% interest in Borgata

1 August 2016

(PRESS RELEASE) -- Boyd Gaming Corporation today announced that it has completed the previously announced sale of its 50% equity interest in Marina District Development Holding Co., LLC, the parent company of Borgata Hotel Casino and Spa in Atlantic City, New Jersey, to MGM Resorts International.

Boyd Gaming received net cash proceeds of $589 million from the transaction, after deducting its share of Borgata's currently outstanding debt. These proceeds do not include Boyd Gaming's 50% share of any future property tax settlement benefits. Borgata estimates that it is entitled to property tax refunds totaling $160 million, including amounts due under court decisions rendered in its favor and estimates for open tax appeals.

Boyd Gaming plans to use proceeds from the transaction for debt reduction and general corporate purposes.

Related Links
Borgata Hotel Casino and Spa Details

Featured Vendors
Breathe Easy with Smokefree Casinos- a project of the American Nonsmokers’ Rights Foundation
Sunkist Graphics, Inc.
Breathe Easy with Smokefree Casinos- a project of the American Nonsmokers’ Rights Foundation
Breathe easier during COVID-19. We can help you reopen smokefree for everyone’s health.
Sunkist Graphics, Inc.
Specializing in the creation of best-of-breed gaming graphics - slot glass, sign faces, and more
Bar Maid Corporation
Slot-Tickets Worldwide
Bar Maid Corporation
Clean and dry thousands of chips, dice and tiles per hour with the high-speed CHIP CHAMPION machine!
Slot-Tickets Worldwide
Slot-Tickets® Worldwide, The Original and Still the Best.
Elite Gaming USA
Castle Merchandising Inc
Elite Gaming USA
Provides a diverse inventory of refurbished gaming equipment and supplies from top manufacturers
Castle Merchandising Inc
Brand Name Products for your Player Rewards and Loyalty Programs
Slot Machines Unlimited
TribalHub
Slot Machines Unlimited
Exporter of IGT, Williams, AVP, Trimline, Aristocrat, Konami, Bally, & parts over 20 yrs experience
TribalHub
22nd Annual TribalNet Conference & Tradeshow Nov 8-11, 2021 Gaylord Texan Resort, Grapevine TX
Gaming Tickets, Inc.
Casino Essentials
Gaming Tickets, Inc.
35 years in the gaming industry - premium quality slot tickets, lottery tickets on time under budget
Casino Essentials
The Ultimate Online Training Platform for the Casino Industry
Rymax Marketing Services, Inc.
Casino Schedule Ease
Rymax Marketing Services, Inc.
Leader in creating award winning player & employee loyalty programs & events proven to increase ROI
Casino Schedule Ease
Get a 90-Day Free Trial of 100% contactless, customizable table game & full casino scheduling
RSA Executive Search
RSA Executive Search
A Boutique Search firm specializing in the Recruitment of Hospitality and Gaming Entrepreneurs


Your Guide to 15,743 Gaming Industry Suppliers