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Boyd Gaming

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BUSINESS
March 6, 2008 | By Suzette Parmley, Inquirer Staff Writer
ATLANTIC CITY - Sam Boyd made a huge bet on Las Vegas in the early 1950s by investing in a few local casinos there. He and his son, Bill, formed their own gambling company in 1974, and over the next three-plusdecades, Boyd Gaming Corp. would grow to become one of the nation's largest. It is credited by many for changing Atlantic City for the better when it opened the trendsetting Borgata Hotel Casino & Spa there in 2003. Every new casino operator coming into the seaside resort since then has cited the Borgata as its model.
BUSINESS
December 7, 2005 | By Suzette Parmley INQUIRER STAFF WRITER
Boyd Gaming Corp., joining the heated competition for new slots licenses in Pennsylvania, wants to build a $300 million slots parlor in Limerick Township, Montgomery County. The casino company, which is a co-owner of the Borgata Hotel Casino & Spa in Atlantic City, is expected to announce as soon as today its proposal to build on a 125-acre parcel in the township, which is best known as the site of Peco Energy Co.'s Limerick nuclear power plant. The proposed casino would be along Route 422 at the Sanatoga exit, next to the soon-to-be-built Philadelphia Premium Outlets Mall.
NEWS
March 16, 2000 | By Amy S. Rosenberg, INQUIRER STAFF WRITER
For the first time in 12 years, the city's planning board approved plans yesterday for a new casino hotel, the Borgata, a glistening, golden-colored glass hotel and spa that city officials hope will launch - at last - a second wave of casino development. The $750 million Borgata will be operated by the Boyd Gaming Co. of Las Vegas in a partnership with Mirage Resorts, the company soon to be bought by MGM Grand Inc. in a $6.4 billion deal. It will be located on a 27-acre parcel of the former landfill near the marina - the so-called H-tract - that the city gave Mirage Resorts.
NEWS
July 15, 1998 | By Amy S. Rosenberg, INQUIRER STAFF WRITER
Mirage Resorts and Boyd Gaming Co., two Las Vegas-based casino companies intent on bringing their style of elaborate vacation resorts to town, announced plans yesterday for a second mega-resort to be built in the marina section. The joint venture will result in a $750 million hotel with at least 1,200 rooms on a 25-acre portion of the 150-acre former city dump known as the H-tract. The land was given to Mirage Resorts by the city. That hotel will be alongside Mirage Resorts' planned Le Jardin casino and entertainment resort, a 2,000-room hotel resort whose cost has been estimated at about $700 million.
ENTERTAINMENT
July 3, 2013
July 1, 1995: Las Vegas gambling tycoon Steve Wynn comes to Atlantic City to announce Le Jardin, a billion-dollar casino-hotel to be built on a city-owned dump-a/k/a the H-Tract - in the Marina District. Key to the project, he says, will be a new highway connecting the area to the Atlantic City Expressway, its $330 million cost to be paid mostly with public funds. 1998: Las Vegas gaming companies Boyd Gaming and MGM announce joint plans for an unnamed luxury gaming resort on the H-Tract.
NEWS
June 12, 2003 | By Amy S. Rosenberg INQUIRER STAFF WRITER
The all-but-finished $1.1 billion Borgata got its state casino license yesterday, but executives would not answer the question on everyone's mind: When will the city's first new casino in 13 years actually open? "It will be somewhere between the 1st and the 11th of July," Robert Boughner, Borgata chief executive officer, told members of the New Jersey Casino Control Commission during a three-hour hearing yesterday. He said the Borgata Hotel Casino and Spa was not withholding a specific date to stir up "anxiety" or for publicity.
NEWS
February 6, 2004 | By Amy S. Rosenberg INQUIRER STAFF WRITER
A mere seven months after its splashy debut onto the casino scene, the Borgata Hotel Casino & Spa has decided it's time for more. The casino announced this week it would start formal planning on a 500,000-square-foot expansion - a 20 percent increase in the public areas of the mammoth 2,002-room, four-million-square-foot casino in the city's Marina section. Bob Boughner, chief executive officer of the fabulously successful hotspot, yesterday said the expansion would accommodate new restaurants and bars, a "significant" increase in retail, additional casino space, and more meeting areas.
BUSINESS
October 14, 2010 | By Suzette Parmley, Inquirer Staff Writer
ATLANTIC CITY - MGM Resorts International has found a buyer for its half-stake in Borgata Hotel Casino and Spa for $250 million. The development was part of the Las Vegas-based company's preliminary third-quarter earnings statement Tuesday, although the buyer was not identified. A spokesman for MGM declined to provide details, saying Wednesday that the firm was "not disclosing information about the bidder or timeline. " Gaming analysts and sources close to the negotiations say a private-equity firm was the likely suitor.
BUSINESS
October 22, 2003 | By Amy S. Rosenberg INQUIRER STAFF WRITER
The Borgata Hotel Casino & Spa, which opened in a publicity blitz on July 2, filled just 80 percent of its hotel rooms during the peak months of July, August and September. But visitors to Atlantic City's first new casino in 13 years bucked a different trend by dropping their own money, not the casino's, on more than just slots and table games. Borgata pulled in $48 million from hotel rooms, restaurants, entertainment and retail. That represented 26 percent of Borgata's total revenue of $184 million.
NEWS
July 9, 1998 | By Amy S. Rosenberg, INQUIRER STAFF WRITER
State casino regulators yesterday issued a preliminary license to the Las Vegas-based Boyd Gaming Co., which hopes to build a $500 million resort in Atlantic City's marina section alongside the much-ballyhooed Le Jardin project planned by Mirage Resorts. Boyd operates a dozen resorts, including Sam's Town in Las Vegas; Tunica, Miss.; Reno; and Kansas City, and the Stardust Casino in Las Vegas. The company was abruptly dropped from Mirage's plans last January, but has since been negotiating to get back in. Officials from both Mirage and Boyd have said that an announcement of a new joint venture is imminent, and that Boyd will have a place on the coveted and controversial H-tract, 150 acres of former landfill given to Mirage chairman Steve Wynn for free.
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ARTICLES BY DATE
ENTERTAINMENT
July 3, 2013
July 1, 1995: Las Vegas gambling tycoon Steve Wynn comes to Atlantic City to announce Le Jardin, a billion-dollar casino-hotel to be built on a city-owned dump-a/k/a the H-Tract - in the Marina District. Key to the project, he says, will be a new highway connecting the area to the Atlantic City Expressway, its $330 million cost to be paid mostly with public funds. 1998: Las Vegas gaming companies Boyd Gaming and MGM announce joint plans for an unnamed luxury gaming resort on the H-Tract.
ENTERTAINMENT
July 3, 2013 | BY CHUCK DARROW, Daily News Staff Writer darrowc@phillynews.com, 215-313-3134
IT CAN be argued there are but three truly crucial dates in the 35-year history of legal gaming in Atlantic City. The first two are Nov. 2, 1976, the day New Jersey voters approved casinos in the fading seaside resort, and May 26, 1978, the day Resorts International, AC's first casino, opened its doors. It took a quarter-century to reach the third milestone. Just before midnight on July 2, 2003, virtually everything about AC's gaming realm - what it looked like, what it tasted like, what it sounded like and the customers it was marketed to - changed forever as Borgata Hotel Casino & Spa opened.
BUSINESS
October 14, 2010 | By Suzette Parmley, Inquirer Staff Writer
ATLANTIC CITY - MGM Resorts International has found a buyer for its half-stake in Borgata Hotel Casino and Spa for $250 million. The development was part of the Las Vegas-based company's preliminary third-quarter earnings statement Tuesday, although the buyer was not identified. A spokesman for MGM declined to provide details, saying Wednesday that the firm was "not disclosing information about the bidder or timeline. " Gaming analysts and sources close to the negotiations say a private-equity firm was the likely suitor.
BUSINESS
March 6, 2008 | By Suzette Parmley, Inquirer Staff Writer
ATLANTIC CITY - Sam Boyd made a huge bet on Las Vegas in the early 1950s by investing in a few local casinos there. He and his son, Bill, formed their own gambling company in 1974, and over the next three-plusdecades, Boyd Gaming Corp. would grow to become one of the nation's largest. It is credited by many for changing Atlantic City for the better when it opened the trendsetting Borgata Hotel Casino & Spa there in 2003. Every new casino operator coming into the seaside resort since then has cited the Borgata as its model.
NEWS
December 20, 2006 | By Mario F. Cattabiani INQUIRER STAFF WRITER
Former State Rep. Mark McNaughton, who was appointed to the Pennsylvania Gaming Control Board, amended his ethics statements yesterday to show that he won thousands of dollars at casinos in recent years. The disclosure came two days after The Inquirer reported that McNaughton, a vocal critic of gambling, won nearly $15,500 between 2003 and 2005 in Las Vegas and Atlantic City. He reported the winnings on his federal tax returns, but not on his Pennsylvania statement of financial interest, which state legislators and many other officials must file annually as a way of informing the public about their sources of income.
NEWS
April 29, 2006 | By Jeff Shields INQUIRER STAFF WRITER
Allentown Mayor Ed Pawlowski says Pennsylvania's third largest city is "desperate" for a casino and the tax revenue it would bring. "Is that too much to ask, to make the city livable again?" Pawlowski asked at a Pennsylvania Gaming Control Board hearing in Allentown yesterday. Bethlehem city officials traveled nine miles down the road to offer a similar refrain - that the shuttered Bethlehem Steel site, both cultural icon and economic albatross, can only be saved by gambling.
NEWS
April 27, 2006 | By Jeff Shields INQUIRER STAFF WRITER
Boyd Gaming may scuttle its proposal for a slots parlor in Limerick after township officials came out against the project. Gambling industry experts yesterday said Limerick's decision to oppose a slots parlor, and the millions in annual tax revenue it would generate, was a potential knockout blow to Boyd. None of the other planned casino projects in eastern Pennsylvania have stirred such official opposition. Boyd was attracted to the Montgomery County site by the high-income suburban communities within a relatively short drive - but the township says it doesn't want the traffic headaches caused by 16,000 visitors a day. Late yesterday, Boyd executives said they were considering their next move.
BUSINESS
January 5, 2006 | By Suzette Parmley INQUIRER STAFF WRITER
The head of the Borgata Hotel Casino & Spa in Atlantic City will return to Las Vegas to oversee development of Boyd Gaming Corp.'s $4 billion, 63-acre project, called Echelon Place. The departure of chief executive officer Robert L. Boughner was effective immediately pending regulatory approvals, Boyd said yesterday in a statement. Larry Mullin, chief operating officer of the Borgata, will add president to his title and be in charge of day-to-day operations at the Atlantic City casino.
NEWS
December 8, 2005 | By John Sullivan and Jeff Shields INQUIRER STAFF WRITERS
Two major participants in a proposed slots parlor and high-end mall in Montgomery County have close ties to Gov. Rendell. David Sweet, who ran Rendell's 2002 gubernatorial campaign, and the Simon Property Group, whose co-chairman donated $60,000 to that effort, are both involved in the plan announced yesterday by Boyd Gaming of Las Vegas. The parlor would be in Limerick Township, where officials are divided over the prospect of up to 5,000 slot machines. Kenneth W. Sperring Jr., chairman of the township's Board of Supervisors, said slots would not fit in "this basically country setting.
BUSINESS
December 7, 2005 | By Suzette Parmley INQUIRER STAFF WRITER
Boyd Gaming Corp., joining the heated competition for new slots licenses in Pennsylvania, wants to build a $300 million slots parlor in Limerick Township, Montgomery County. The casino company, which is a co-owner of the Borgata Hotel Casino & Spa in Atlantic City, is expected to announce as soon as today its proposal to build on a 125-acre parcel in the township, which is best known as the site of Peco Energy Co.'s Limerick nuclear power plant. The proposed casino would be along Route 422 at the Sanatoga exit, next to the soon-to-be-built Philadelphia Premium Outlets Mall.
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