1. Welcome to VegasMessageBoard
    It appears you are visiting our community as a guest.
    In order to view full-size images, participate in discussions, vote in polls, etc, you will need to Log in or Register.

Boyd Acquires Peninsula Gaming For $1.45 Billion

Discussion in 'Casino Industry & Development' started by SH0CK, May 18, 2012.

Thread Status:
Not open for further replies.
  1. SH0CK

    SH0CK Stylin' and Profilin' Quasi Tech Admin

    Joined:
    Nov 2, 2001
    Messages:
    12,916
    Location:
    Tennessee
    Trips to Las Vegas:
    36
  2. y2mulder

    y2mulder Low-Roller

    Joined:
    Aug 24, 2011
    Messages:
    485
    Trips to Las Vegas:
    7
    Disclosure: 10 years casino suit in Iowa.

    Diamond Jo in Northwoods is a GREAT purchase. Only casino within sniffing distance of the Minnesota State line (Which does not have full gaming) on I-35. Doing great business. D-Jo Dubuque is not bad either. The Kansas casino is a monster which just opened up on the other side of K.C, and is rocking. Know an employee there, and they are bustling. Cant speak for the other 2.

    Strategically, they picked off some great properties. The market liked the transaction, and I agree with it. They did some great homework here.
     
  3. mckevin32

    mckevin32 Low-Roller

    Joined:
    Dec 30, 2005
    Messages:
    277
    "The other side of KC"? Well, yes, about 4 hours the other side of KC... Kansas Star is just South of Wichita.
     
  4. Sue24

    Sue24 High-Roller

    Joined:
    May 6, 2007
    Messages:
    581
    Trips to Las Vegas:
    10
    So, do you think the B-Connected card will work at these properties in Iowa?
     
  5. Joe

    Joe VIP Whale

    Joined:
    Sep 11, 2009
    Messages:
    11,311
    Location:
    Wisconsin
    Trips to Las Vegas:
    175
    I sure hope so. We'd do a 3.5 hr drive to Dubuque and stay a couple of nights. B Connected works at all the other casinos they own out of state, I think?:poke:

    No hotel on the premises, but I'm sure we could find something reasonable price & quality wise.
     
    Christmas
  6. nhcris

    nhcris High-Roller

    Joined:
    Nov 27, 2010
    Messages:
    803
    Location:
    NH
    Trips to Las Vegas:
    28
    I know that the Borgata in Atlantic City does not use the B-Connected card which is one of the reasons I am done with them. Hopefully, for you guys, these new acquisitions will use it.
     
  7. ardee

    ardee VIP Whale

    Joined:
    Oct 13, 2007
    Messages:
    2,408
    Location:
    SoCal
    Trips to Las Vegas:
    88
    Echelon is dead. Let it go. Time to move on. That lot will be unoccupied for the next 30 years.
     
  8. Nevyn

    Nevyn VIP Whale

    Joined:
    Apr 13, 2007
    Messages:
    4,188
    Trips to Las Vegas:
    9
    Bit easier to invest in something that will make you money TODAY, and already has value should you need to sell it, then a multi-year high risk construction project that will do nothing for the bottom line until you open it.

    But if these investments pay off well for Boyd, and lending loosens in the next few years, this bodes well for them raising the money for Echelon eventually.
     
  9. Royal Flusher

    Royal Flusher Savvy Gambler

    Joined:
    Feb 18, 2008
    Messages:
    5,503
    Location:
    Flusherville, Canada
    Trips to Las Vegas:
    57
    And maybe this indicates a lesson learned from razing a money generating property (Stardust) and replacing it with a 7 story steel skeleton white elephant.
     
  10. bigdogmom

    bigdogmom VIP Whale

    Joined:
    Mar 9, 2002
    Messages:
    1,394
    Location:
    Aurora, CO
    Trips to Las Vegas:
    33
    Damn, I wish they'd pick up a property here in Colorado.... :(
     
Tags:
Thread Status:
Not open for further replies.