Boyd Gaming Give Up on Station Casinos Deal

Boyd Gaming Give Up on Station Casinos Deal

Posted: Updated:

LAS VEGAS -- Boyd Gaming Corp. says it's no longer interested in buying certain assets of its rival regional casino operator, Station Casinos Inc.

Boyd spent 18 months pursuing Station, but Station rejected its advances. Station tried to negotiate new deals with its bondholders but ended up filing for Chapter 11 bankruptcy protection last summer.

Station's reorganization plan calls for many of its properties to be sold at auction without player databases and other operating tools essential for casinos. Boyd objected to the process, saying it is unfair to non-insider bidders.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

Powered by WorldNow
All content © Copyright 2000 - 2012 WorldNow and KLAS. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.