Boyd makes bid for Station Casinos
Cash-strapped Station Casinos has a new suitor, Boyd Gaming.
According to a filing by the Securities and Exchange Commission, Boyd is the first publicly announced company that has indicated an interest in the bankruptcy-bound Station (March 3), to the tune of $950 million in cash.
Boyd would also substantially increase its offer depending on what else is on the table.
Some publications are reporting that the deal includes Texas Station, Wild Wild West (which has been rumored to close), Fiesta Henderson, and Fiesta Rancho. Others indicate Green Valley Ranch and Aliante are offered, though both of those are co-owned by Greenspun Media.
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