LAS VEGAS, Sept. 5, 2017 /PRNewswire/ -- Boyd Gaming
Corporation (NYSE: BYD) today announced that the California State
Assembly and California State Senate have each unanimously ratified
a tribal-state gaming compact with the Wilton Rancheria Tribe that
will allow the tribe to develop and operate a casino resort in
Elk Grove, California. The
compact was signed by California
Gov. Jerry Brown in July.
Boyd Gaming currently has an agreement to develop and manage a
casino resort on the Tribe's behalf. The tribe's land,
located approximately 15 miles southeast of Sacramento, was placed into trust by the U.S.
Bureau of Indian Affairs earlier this year.
After the governor has signed the ratification legislation, the
Company will focus on completing the planning and development
process for the resort project, and anticipates starting
construction in mid-2018. Construction is expected to take 18
to 24 months.
"We congratulate the Wilton Rancheria for reaching this critical
milestone in the tribe's progress toward self-sufficiency," said
Keith Smith, President and Chief
Executive Officer of Boyd Gaming. "We look forward to working
with them in the years ahead as we help make their vision of a
world-class gaming resort a reality."
About Boyd Gaming
Headquartered in Las Vegas, Boyd Gaming Corporation (NYSE:
BYD) is a leading diversified owner and operator of 24 gaming
entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas,
Louisiana and Mississippi.
Boyd Gaming press releases are available at
www.prnewswire.com. Additional news and information on Boyd
Gaming can be found at www.boydgaming.com.
Forward-Looking Statements
This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Such statements
contain words such as "may," "will," "might," "expect," "believe,"
"anticipate," "could," "would," "estimate," "continue," "pursue,"
or the negative thereof or comparable terminology, and may include
(without limitation) information regarding Boyd Gaming's
expectations, goals or intentions regarding the future, including,
but not limited to, statements regarding Boyd Gaming's partnership
with the Wilton Rancheria Tribe to develop a new resort and casino.
Forward-looking statements involve certain risks and uncertainties,
and actual results may differ materially from those discussed in
any such statement. In particular, Boyd Gaming can provide no
assurances regarding the timing or effects of Boyd Gaming's
partnership with the Wilton Rancheria Tribe or the development of
the new resort and casino. Among the factors that could cause
actual results to differ materially are the following: competition,
litigation, financial community and rating agency perceptions of
Boyd Gaming, changes in laws and regulations, including increased
taxes, weather, regulation, economic, credit and capital market
conditions and the effects of war, terrorist or similar activity.
In addition, development projects are subject to the many
risks inherent in the construction of a new enterprise, including,
among others, unanticipated design, construction, regulatory,
environmental and operating problems and lack of demand for Boyd
Gaming's projects, as well as unanticipated delays and cost
increases, shortages of materials, shortages of skilled labor or
work stoppages, unforeseen construction scheduling, engineering,
environmental, permitting, construction or geological problems,
weather interference, floods, fires or other casualty losses. Boyd
Gaming cannot assure that any project will be completed, if at all,
on time or within established budgets, or that any project will
result in increased earnings to Boyd Gaming. Additional factors
that could cause actual results to differ are discussed under the
heading "Risk Factors" and in other sections of Boyd Gaming's
filings with the SEC, and in Boyd Gaming's other current and
periodic reports filed from time to time with the SEC. All
forward-looking statements in this press release are made as of the
date hereof, based on information available to Boyd Gaming as of
the date hereof, and Boyd Gaming assumes no obligation to update
any forward-looking statement.
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SOURCE Boyd Gaming Corporation