Boyd turns down chance to own 100% of Atlantic City's Borgata

10/26/2010 | Press of Atlantic City (N.J.), The · Las Vegas Sun

Boyd Gaming said Monday that the investment climate isn't right for it to buy the other half of the Borgata Hotel Casino & Spa in Atlantic City, N.J., from partner MGM Resorts. "Given other opportunities and our current focus on deleveraging our balance sheet, the current offer would not provide a sufficient return on investment for our shareholders," Boyd said in a statement. MGM reportedly has received a $250 million offer for its half ownership of the Borgata from Leonard Green & Partners of Los Angeles.

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Press of Atlantic City (N.J.), The · Las Vegas Sun

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