Station Casinos Rejects Boyd Gaming Buyout Offer

Station Casinos’ board of directors yesterday rejected Boyd Gaming Corporation’s unsolicited $950 million offer for a majority of Station’s property assets.  

Station Casinos, owner of 13 casino properties, cited their reasons of rejection were because of the “highly conditional nature” of Boyd Gaming’s offer, as well as the risks “in sharing sensitive and confidential information with a significant competitor.”  

Station’s rejection came on the same day they announced they had reached agreements with most of its debt holders to extend a deadline to vote on their bankruptcy proposal.  The agreement gives Station Casinos and their debt holders until April 10 to vote on the proposed debt swap and restructuring.

Leave a comment

Filed under Las Vegas, news, Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s