KLAS-TV Channel 8 News Las VegasBoyd Still Interested in Buying Station Casinos
Boyd Gaming Corp. says it still wants to make a deal to buy some or all of the assets of Station Casinos Inc., even after the rival regional casino operator turned down its buyout proposal.
Boyd said last month it was willing to pay $950 million for most of Station's assets, except for those secured by certain loans. But last week, Station said it was not interested in the buyout plan and instead extended its deadline to work through a plan to restructure its debt.
Boyd on Monday said Station has not held any discussions with the company or provided it with the necessary information to create a binding offer.
Boyd said it has enough liquidity under its credit facility to finance a cash transaction.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
