LAS VEGAS, Feb. 14, 2017 /PRNewswire/ -- Boyd Gaming
Corporation (NYSE: BYD) today announced that the U.S. Bureau of
Indian Affairs has placed into trust for the Wilton Rancheria Tribe
a 35.9-acre land parcel in Elk
Grove, California. Boyd Gaming currently has an
agreement, subject to approval by the National Indian Gaming
Commission, to develop and manage a casino resort on the Tribe's
behalf.
The tribe's land is located adjacent to Howard Hughes
Corporation's planned mall development on Highway 99, approximately
15 miles southeast of Sacramento. The Tribe will be required
to enter into a compact with the State of
California before proceeding with a gaming project at the
site.
"The Tribe is excited to partner with Boyd Gaming to help
develop our proposed resort and casino in Elk Grove, California," said Raymond Hitchcock, Chairman of Wilton
Rancheria. "They have been a leader in the gaming industry for
over 40 years and their core family values and customer-friendly
entertainment reflect our own vision of success."
"We congratulate the Wilton Rancheria Tribe on reaching this
major milestone toward self-sufficiency," said Keith Smith, President and Chief Executive
Officer of Boyd Gaming. "Boyd Gaming is honored to be their
partner, and we look forward to working closely with Chairman
Hitchcock and the Wilton Tribe in developing an exciting and
compelling entertainment resort that the entire community can take
pride in."
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