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Borgata Receives Gaming License

11 June 2003

ATLANTIC CITY, New Jersey – (Press Release) --Boyd Gaming Corporation (NYSE: BYD) announced that Borgata Hotel Casino and Spa received its gaming license today from the New Jersey Casino Control Commission.

William S. Boyd, Chairman and Chief Executive Officer for Boyd Gaming, said, 'We are very pleased that we have achieved this important milestone and look forward to operating in Atlantic City. We are scheduled to open Borgata on one of the first 11 days in July, subject to regulatory approvals.'

Headquartered in Las Vegas, Boyd Gaming Corporation (NYSE: BYD) is a leading diversified owner and operator of 12 gaming entertainment properties located in Nevada, Mississippi, Illinois, Indiana and Louisiana. Boyd Gaming is also developing 'Borgata', a $1 billion entertainment destination hotel in Atlantic City, through a joint venture with MGM MIRAGE.

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