Making the News

Press of Atlantic City

Originally Published:Monday, October 25, 2010
http://www.pressofatlanticcity.com/alerts_breaking/article_5abdf966-e039-11df-9fbf-001cc4c002e0.html

Boyd Gaming won't buy remaining half of Borgata Casino in Atlantic City

By Donald Wittkowski
Press of Atlantic City

"Leonard Green tends to focus on investing in well-established businesses that produce superior returns in their operating markets," Harvey Perkins, executive vice president of Spectrum Gaming Group, said of the company's possible purchase of half-ownership in Borgata.

Perkins said Boyd's decision on Borgata suggests the company may be looking to resume work on its stalled, multibillion-dollar Echelon casino hotel project in Las Vegas, among other options.

"I'm sure Boyd Gaming has a variety of options they are examining for investment purposes in the future, whether it would be for acquisition or restarting the Echelon project," Perkins said. "Boyd Gaming has to evaluate all of the different investment opportunities out there, including which ones would provide the highest return for shareholders.

"But they are still a major investor in the Atlantic City market. In my opinion, this decision doesn't diminish in any way, shape or form their current level of investment in this market," Perkins added.

 

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