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August 02, 2015 9:51 PM ET

Hotels, Restaurants and Leisure

Company Overview of Boyd Gaming Corporation

Company Overview

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. It operates in five segments: Las Vegas, Downtown Las Vegas, Midwest and South, Peninsula, and Borgata. The company owns and operates 21 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, and New Jersey. It also owns and operates a travel agency in Hawaii; and the Borgata Hotel Casino & Spa in Atlantic City, New Jersey. In addition, the company underwrites travel-related insurance services. As of December 31, 2014, it owned and managed 1,268,345 square feet of casino space comprising 30,392 slot machines, 777 table games, and 11,...

3883 Howard Hughes Parkway

Ninth Floor

Las Vegas, NV 89169

United States

Founded in 1988

18,290 Employees

Phone:

702-792-7200

Key Executives for Boyd Gaming Corporation

Chief Executive Officer, President and Director
Age: 54
Total Annual Compensation: $1.3M
Executive Chairman
Age: 84
Total Annual Compensation: $1.3M
Chief Financial officer, Senior Vice President and Treasurer
Age: 53
Total Annual Compensation: $495.0K
Chief Business Development Officer, Executive Vice President and Director
Age: 62
Total Annual Compensation: $1.1M
Executive Vice President, General Counsel and Secretary
Age: 59
Total Annual Compensation: $475.0K
Compensation as of Fiscal Year 2014.

Boyd Gaming Corporation Key Developments

Boyd Gaming Announces Expansion of Delta Downs Racetrack Casino Hotel in Vinton

Boyd Gaming Corporation has announced a $45 million expansion of Delta Downs Racetrack Casino Hotel in Vinton, Louisiana. Set for completion at the end of 2016, the centerpiece of the project is a new hotel tower, featuring 167 additional guest rooms and suites. Boyd Gaming also plans to redesign all 200 existing rooms at the property, providing a fresh new look and feel to the hotel. The property will also redesign its food and beverage facilities, as well as expand its special events center to better accommodate meeting and banquet functions.

Boyd Gaming Corporation Announces Expansion of Delta Downs Racetrack Casino Hotel

Boyd Gaming Corporation announced a $45 million expansion of Delta Downs Racetrack Casino Hotel in Vinton, Louisiana. Set for completion at the end of 2016, the centerpiece of the project is a new hotel tower, featuring 167 additional guest rooms and suites. Boyd Gaming also plans to redesign all 200 existing rooms at the property, providing a fresh new look and feel to the hotel. The property will also redesign its food and beverage facilities, as well as expand its special events center to better accommodate meeting and banquet functions. Design work is now being completed, with construction slated to commence this September.

Boyd Gaming Announces Expiration and Final Results of Tender Offer for its 9.125% Senior Notes Due 2018

Boyd Gaming Corporation announced the expiration and final results of the company's previously announced tender offer and consent solicitation for any and all of its outstanding 9.125% Senior Notes due 2018. As of 5:00 p.m., New York City time, on June 5, 2015, the expiration date for the tender offer, approximately $463.6 million aggregate principal amount of the Notes (representing 92.7% of the Notes outstanding immediately before the commencement of the tender offer), were validly tendered (and not validly withdrawn). All of the Notes that were validly tendered (and not validly withdrawn) were accepted for purchase by the company. As previously announced, the company will redeem, in full, all Notes that were not tendered and accepted for purchase pursuant to the terms of the tender offer, the aggregate principal amount of which is approximately $36.4 million. The redemption price will be $1,045.63 per $1,000.00 principal amount of Notes plus accrued and unpaid interest to the redemption date. A notice of redemption containing information required by the terms of the indenture governing the Notes was mailed to noteholders by the trustee for the Notes on May 7, 2015.

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