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Stock Market & Financial Investment News

News Breaks
February 28, 2013
08:35 EDTBYDBoyd 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.
News For BYD From The Last 14 Days
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December 12, 2014
14:04 EDTBYDAtlantic City reports November gaming win down 10.3% to $202.5M
New Jersey reported total Atlantic City gaming win from current operators for the month of November was $202.5M, compared to the $181.7M for November 2013, reflecting an 11.5% increase. Total gaming win from the industry including discontinued operators reflects a 10.3% decrease compared to $225.7M in November 2013. As of November 30, 506,172 Internet gaming accounts have been created, up 5.7% from the 479,073 accounts as of October 31. For the month, Internet Gaming Win including discontinued operators was $8.7M. Publicly traded companies in the space include Boyd Gaming (BYD), Caesar's (CZR), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN) and Wynn Resorts (WYNN).

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