Boyd Gaming announces agreement to sell Daniel Jai-Alai for $65.5M Boyd Gaming announced that it has entered into a definitive agreement to sell the assets of Dania Jai-Alai in Dania Beach, Fla., to Dania Entertainment Center for $65.5M in cash. As part of the agreement, Dania Entertainment has dismissed with prejudice its lawsuit filed in November 2011, following Boyd Gaming's termination of the initial sale agreement. As part of the agreement, the $7M deposit previously paid by Dania Entertainment to Boyd Gaming will be applied to the purchase price. Subject to terms of the definitive agreement and satisfaction of closing conditions, the transaction is expected to close on or before May 24. Upon execution of the purchase agreement, Dania Entertainment paid Boyd Gaming a non-refundable deposit of $4M. The full amount of the deposit will be applied to the purchase price upon closing of the transaction.
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