Two Casino Companies Merge - 2004-02-17
Casino analysts had been predicting a wave of mergers between big casino companies and the first
sign they were right was announced last week with the merger of Boyd Gaming and Coast Casinos. The
$1.3 billion deal blends two very distinct but small companies into a gaming behemoth that will quite probably be able to compete with the big boys.
The merger will make Coast a subsidiary of Boyd Gaming, so you'll still be seeing the Coast name on properties and business cards around town. Once you put the two together, you're talking revenues in the billions of dollars and 17 hotels and casinos across the country, including partial ownership of the new Borgata Resort in Atlantic City.
Read the full story at KTVU.com