Given 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.