Both of those factors will allow us to provide a smooth transition for Station's employees and customers.' 'They also know we have the ability and financial resources to swiftly execute a transaction, and we have more than 35 years in the Las Vegas market. 'As the bankruptcy process continues, and the creditors consider their options, they know Boyd Gaming remains serious and committed in being an active participant,' Smith said.
'This filing does not change the fact we remain extremely interested in pursuing a transaction that makes sense for us,' Smith said during the earnings call in which the company announced that its second-quarter profit dropped 41 percent as revenue fell because of the recession.īoyd could play a 'key role' in helping Station Casinos emerge from bankruptcy quickly, Smith said.
Station Casinos rejected Boyd's offer, but the topic was a major focus of its earnings call. Chapter 11 bankruptcy last week, Boyd Chief Executive Officer and President Keith Smith said Wednesday.īoyd in February offered to acquire several of Station Casinos' properties for $950 million. is 'actively engaged' in discussions to acquire some of the assets of Station Casinos, which filed for