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Regulators Approve Shreveport Deal

LOUISIANA -- Louisiana gaming regulators today approved Boyd Gaming Corp.'s $190 million purchase of a Shreveport casino from Harrah's Entertainment Inc.

The acquisition gives Boyd three casinos in that state and its first in Shreveport, which is near the Texas border in the northern part of Louisiana.

Boyd expects to close the property in the next couple of days and reopen it Thursday as Sam's Town Shreveport.

Separately, Boyd said that in connection with its proposed acquisition of Coast Casinos Inc., it offered to buy back $325 million of outstanding Coast 9.5 percent notes due 2009.

Copyright © Las Vegas Sun. Inc. Republished with permission.

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