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Boyd Gaming Extends Offer for Coast Notes

LAS VEGAS – (PRESS RELEASE) -- Boyd Gaming Corporation ("Boyd Gaming") announced today that it has extended the expiration date of its previously announced tender offer and consent solicitation (the "Tender Offer") for any and all of the $325 million outstanding aggregate principal amount of the 9.50% Senior Subordinated Notes due 2009 (the "Notes") (CUSIP # 19035CAF9) of Coast Hotels and Casinos, Inc. ("Coast"). The Tender Offer, previously set to expire at 9:00 a.m., New York City time, on June 16, 2004, will now expire at 9:00 a.m., New York City time, on July 1, 2004 (the "Expiration Date"), unless further extended or earlier terminated.

Upon the expiration of the consent period on May 27, 2004, Boyd Gaming announced receipt of the requisite consents necessary to adopt certain amendments to the indenture governing the Notes. As of 5:00 p.m. on May 27, 2004, holders of $300.5 million, or approximately 92.5%, aggregate principal amount of the outstanding Notes had delivered valid tenders and consents pursuant to the Tender Offer. Adoption of the amendments required the consent of holders of at least a majority of the aggregate principal amount of the outstanding Notes under the indenture. The amendments will eliminate substantially all of the restrictive covenants and certain events of default in the indenture governing the Notes. As of June 9, 2004, no additional Notes have been tendered since the expiration of the consent period.

The settlement date for Notes accepted for purchase by Boyd Gaming in the Tender Offer will be promptly after the Expiration Date. The Tender Offer is subject to the satisfaction of certain conditions, including the satisfaction of the conditions to consummate the pending merger with Coast Casinos, Inc., the effectiveness of Boyd Gaming's new credit facility which will be used in part to finance the Tender Offer and other general conditions.

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