Boyd Gaming Corporation News

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Nine of 10 publicly traded casino operators and slot machine manufacturers saw their average daily stock prices increase during October.

Boyd Gaming said it wouldn't match the offer MGM Resorts International received for its 50 percent stake in Atlantic City's Borgata hotel-casino.

The recession and falling revenues have have devalued casinos. Penn National picked up M Resort's debt for 23 cents on the dollar and will wait out a Las Vegas recovery. Across the country Resorts Atlantic City was sold to gaming veteran Dennis Gomes for $35 million, the lowest price ever paid for a New Jersey casino.

Nevada casinos collected $944.5 million from customers in August compared with almost $847 million in the same month last year.

Eight of 10 publicly traded casino operators and slot machine manufacturers experienced increases in their average daily stock prices.

Wall Street analysts say the struggles of the Nevada casino industry could last well into 2011.

Major casino operators like MGM Resorts International, Las Vegas Sands and Harrah'S Entertainment have avoided bankruptcy, but still must deal with debt.

The M Resort might be up for sale after the bank controlling $700 million of the hotel-casino's debt put its stake up for a private auction sale.

The feud between Las Vegas companies Station Casinos and Boyd Gaming has intensified after Boyd attempted to insert itself in Station Casinos' bankruptcy.

A judge approved the sale of 11 casinos, land holdings and American Indian gaming contracts to a group backed by Fertitta Gaming for $772 million.

The Las Vegas-based casino operator announced its second-quarter profits fell 73 percent days after dropping out of bidding for Station Casinos properties.

The average daily stock prices of 10 casino operators and slot machine manufacturers all tumbled during the month.

Moody's Investors Service said there is a "high degree of uncertainty" over how much gaming trends will improve through the end of the year.

Boyd Gaming said the Borgata resort saw revenues and profits decline during the second quarter because of reduced visitation and competition from other states.