Feb 13, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Boyd Gaming Corporation (NYSE: BYD) today announced that the Company is acquiring a 40-acre, fully-entitled casino site to grow its presence in the Las Vegas locals gaming market. The land is located in a rapidly developing area in the northwest part of the Las Vegas metropolitan area near the intersection of the two major freeways traversing the city, Interstate 15 and the Las Vegas Beltway. The Company is acquiring the parcel for $35 million, with the closing to take place this week.

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The property is located on the southwest corner of the intersection of Lamb Boulevard and Centennial Parkway in the City of North Las Vegas. Residential development adjacent to and in the general vicinity of the site is active, reflecting the dynamic growth of the entire Las Vegas metropolitan area.

Bill Boyd, Chairman and Chief Executive Officer of Boyd Gaming, commented, "Growing our strong franchise in the Las Vegas locals market has been a significant priority for our Company. This site is very well situated in a major growth corridor in the northwest part of Las Vegas with a location that is a perfect complement to, and not in conflict with, our other properties that serve Las Vegas locals. We anticipate beginning work next year on the development of a full-service casino hotel. We are looking forward to working with the City of North Las Vegas to bring this development to fruition, and we are excited to take another significant step in solidifying our strong and growing position in the Las Vegas locals gaming market."

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include information regarding the Company's expectations, goals or intentions regarding the future, including but not limited to statements regarding, the Company's pending acquisition for the North Las Vegas parcel of land, the expected timing for the closing of such acquisition, statements regarding the area where the property is located, including statements that such area is rapidly developing, that active development in the general vicinity of the site reflects the dynamic growth of the Las Vegas area, that the site is well situated in a major growth corridor and that the location is a perfect complement to the Company's other properties. In addition, forward-looking statements, include statements regarding the Company's hope to commence development of a full-service casino hotel next year, and that the Company has a strong and growing position in the Las Vegas locals market. Forward-looking statements involve certain risks and uncertainties, and actual results may differ materially from those discussed in any such statement. In particular, the Company can provide no assurances that the closing of the acquisition will occur when expected, if at all, or that the Company will be able to develop the property as currently anticipated, or at all, or that any development on the property will benefit from the property's location, that the Company's proposed development project will include the anticipated amenities or achieve market acceptance. Among the factors that could cause actual results to differ materially are the following: the failure to close the acquisition, loss of entitlement to operate a casino at the site, competition, increased costs (including marketing costs) financial community and rating agency perceptions of the Company, changes in laws and regulations, including increased taxes, the availability and price of energy, weather, regulation, economic, credit and capital market conditions and the effects of war, terrorist or similar activity. In addition, the new development project is subject to those risks inherent in the development and operation of a new business enterprise, including unanticipated design, construction, regulatory, environmental and operating problems and lack of demand for the project. If the new development project becomes operational, it will face many of the same risks that the Company's current properties face. The cost of any project, including the new development project, may vary significantly from the Company's expectations, and the Company may have a limited amount of capital resources to fund cost overruns on any project. If the Company cannot finance cost overruns on a timely basis, the completion of one or more projects, including the new development project, may be delayed until adequate funding is available. Additional factors that could cause actual results to differ are discussed under the heading "Investment Considerations" and in other sections of the Company's Form 10-K for the fiscal year ended December 31, 2004 on file with the Securities and Exchange Commission, and in its other current and periodic reports filed with, or furnished to, the Commission from time to time. All forward-looking statements in this document are made as of the date hereof, based on information available to the Company as of the date hereof, and the Company assumes no obligation to update any forward-looking statement.

Headquartered in Las Vegas, Boyd Gaming Corporation (NYSE: BYD) is a leading diversified owner and operator of 19 gaming entertainment properties located in Nevada, New Jersey, Mississippi, Illinois, Indiana and Louisiana. The Company is also developing Echelon Place, a world-class destination on the Las Vegas Strip, expected to open in early 2010. Additionally, the Company was recently recognized by Forbes Magazine as the best managed company in the category of Hotels, Restaurant and Leisure.