Business Services Industry
Boyd Gaming Corp. undergoes growth spurt with buyout of Coast Casinos.
Knight Ridder/Tribune Business News, July, 2004
By Rod Smith, Las Vegas Review-Journal Knight Ridder/Tribune Business News
Jul. 2--When Boyd Gaming Corp. officially completed its $1.3 billion buyout of Coast Casinos on Thursday, the company was firmly focused on growth, with nearly $800 million in expansion projects already under way.
The new company, which includes Coast as a wholly owned subsidiary of Boyd, created the fifth-largest gaming operator in the world. It will become the fourth-largest once MGM Mirage absorbs Mandalay Resort Group.
Boyd Chairman Bill Boyd said the merger marked a new dawn for the company he founded with his father, Sam Boyd, and takes it to an "entirely new level" as a competitor for the locals gaming market.
"As a larger company -- we will...
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