It has recently become clear that Boyd Gaming Corp. from Nevada has signed an agreement to acquire Aliante Casino&Hotel, located in Las Vegas, for $380 million.
The acquisition of eight casinos will significantly expand a segment of Boyd on the gambling market of Las Vegas and increase the company's influence in the region, where there are very attractive opportunities for operators. The administration of Boyd Gaming Corp. expects that the Aliante acquisition will save up to eight million dollars during the first year. During the next three-five years it will be able to generate a stable income of 40 million.
New Jersey, Illinois, Kansas, Indiana, Iowa, Mississippi, and Louisiana.
The Aliante resort complex, apart from the casino, which is occupying 82,000 square feet, is equipped with 202 hotel rooms, 650-seat show, cinema, swimming pool, and large concert hall. Aliante Station was opened in November 2008. Initially, it was a joint project of Greenspun and Station Casinos. As a result of restructuring and bankruptcy, the group of private equity firms and banks became the new owners of the casino in 2011.
Despite the fact that the Las Vegas casinos have faced serious difficulties in recent years, the financial situation of Aliante has improved.
Representatives of Boyd Gaming Corp. reported that the Aliante Casino acquisition will be made in cash. The transaction will have been completed by the end of the third quarter of this year. The agreement should be approved by gambling regulators in Nevada.