South Coast Casino to be Sold

Boyd Gaming Corporation announced last week that it had agreed to sell South Coast Hotels and Casinos to Michael Gaughan at a purchase price equal to the net proceeds from the sale of approximately 15.8 million shares of Boyd Gaming owned by Mr. Gaughan. As a result of Mr. Gaughan’s secondary stock offering over the next 60 days, at least 75% of the purchase price will be paid to the company in cash. 바카라사이트

The transaction, which is expected to be completed by the end of the year, will be subject to minimum purchase prices, Mr. Goan’s deposit for the cash portion of the escrow purchase price within 60 days of today, customary licensing and regulatory approvals, and other closing conditions.

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