SEARCH NEWS:

 

Boyd Gaming to Acquire Florida Jai Alai Operation

LAS VEGAS – (PRESS RELEASE) -- Boyd Gaming Corporation (NYSE: BYD) announced today that it has agreed to purchase Dania Jai Alai, including approximately 50 acres of related land, for $152.5 million, subject to certain closing conditions and regulatory approvals.

Located near the Fort Lauderdale International Airport and the Broward County Convention Center and in close proximity to the major population centers of South Florida, Dania Jai Alai is one of four facilities approved under Florida law to operate 1,500 Class III slot machines. The enabling legislation was signed into law in January, and the Florida Department of Business and Professional Regulation's Pari-Mutuel Wagering Division is expected to approve final regulations by July 2006.

William S. Boyd, Chairman and Chief Executive Officer of Boyd Gaming, commented on the acquisition, "We are thrilled to have the opportunity to expand our brand of casino entertainment into the Florida market. Our facility will offer the latest in slot machine games, as well as many new and exciting amenities that have become an important part of today's casino entertainment product. As the closest gaming facility to Fort Lauderdale, we believe that the combination of our location and a first-class gaming experience will make our development a top choice for the nearby population centers. As we do in all of the communities where we operate, we look forward to working with local officials in making our facility the best it can be."

The Company has begun work on a master plan design, which will include an expansive gaming floor, poker room, a variety of restaurants, and entertainment lounges. In addition to the casino facility, the Company will continue to offer off-track-betting and live jai alai performances and wagering.

< Gaming News