International edition
June 21, 2021

The property represents a major investment by Boyd Gaming

Boyd Gaming declines to exercise option to buy MGM Resorts' interest in Borgata

(US).- Boyd Gaming announced that, following a careful review, it has decided not to exercise its right to match the offer MGM Resorts International received for its non-controlling 50% interest in Borgata that it announced last October 12.

G

iven other opportunities and their current focus on deleveraging its balance sheet, the current offer would not provide a sufficient return on investment for the firm shareholders. Despite this decision, sources of the firm said that it is confident in the future of Borgata. 

The property represents a major investment by Boyd Gaming, and it has delivered substantial value for our shareholders. The company said that it remains comfortable with our current position as managing member and 50% owner of Borgata, the region's premier destination resort.

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