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The Chip Board Archive 02

Boyd Gaming to purchase Blue Chip Casino

This news article appeared on my home page today:

LAS VEGAS and MICHIGAN CITY, Ind., June 28 /PRNewswire/ -- Boyd Gaming Corporation (NYSE:BYD) today announced that it has entered into a definitive agreement to acquire Blue Chip Casino, a riverboat casino in Michigan City, Indiana for $255 million in cash. In addition, the Company will acquire a hotel and parking facility, currently under construction and attached to the existing casino complex, for $18.5 million. The purchase price of $255 million is less than four times Blue Chip's latest twelve months operating cash flow.

New chips in the offing???

Messages In This Thread

Boyd Gaming to purchase Blue Chip Casino
Re: Boyd Gaming to purchase Blue Chip Casino
Re: Boyd Gaming to purchase Blue Chip Casino
Businesses that pay for themselves in 2 years
Re: How about Isle of Capri?
Re: How about Isle of Capri?
Re: How about Isle of Capri?

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