The Water Club opens its doors

2 July 2008

ATLANTIC CITY, New Jersey -- (PRESS RELEASE) -- Boyd Gaming Corporation (NYSE: BYD) and MGM Mirage (NYSE: MGM) today announced the opening of The Water Club, a signature hotel by Borgata Hotel Casino and Spa in Atlantic City.

Adjacent to Borgata, the $400 million, The Water Club is the city's first boutique-lifestyle hotel, offering a personalized guest experience within a distinctively cosmopolitan setting. As the market's first major non-gaming hotel, The Water Club represents Borgata's continued and progressive departure from the archetypal Atlantic City experience of the past.

Style and sophistication merge seamlessly at The Water Club, with a wide variety of luxe amenities. The property features 800 upscale guestrooms and suites, all with water views; a two-story spa on the 32nd floor; food and beverage hospitality by renowned Chef Geoffrey Zakarian of the acclaimed Country and Town restaurants in New York City; 18,000 square feet of meeting space; three Residence suites; five heated indoor and outdoor pools; and six designer retail shops.

The Water Club completes a two-phase, $600 million expansion of Borgata, bringing the total investment in the resort destination to $1.7 billion. The second hotel was conceived as an exclusive extension to the Las Vegas-style Borgata, which single-handedly changed the face of Atlantic City when it opened in 2003. Just steps away from Borgata's gaming, dining, nightlife, and entertainment options, The Water Club combines elements of Borgata while delivering a unique personality all its own.

Bill Boyd, Executive Chairman of Boyd Gaming, commented on the opening, "Almost immediately following our successful opening of Borgata, we began talking with our partners at MGM Mirage about how we might accommodate the high demand we saw from day one. That led us to this day and the opening of The Water Club, a project that will fill an untapped niche in this market for a cosmopolitan hotel experience, one that will provide an escape for Atlantic City customers seeking an unforgettable experience. The Water Club's personalized service, sophisticated style and unique brand of comfortable luxury will offer guests the feeling of an exclusive retreat, something the market has never seen."

Terry Lanni, MGM Mirage Chairman and Chief Executive Officer, noted, "The Water Club represents the future of Atlantic City as a destination by offering guests in this market the completely new and unique feeling of an exclusive retreat. Just as Borgata did before, The Water Club will serve as the benchmark for all future Atlantic City development."


Related Links
Boyd Gaming Gaming Vendor Information
Borgata Hotel Casino and Spa Details

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