Posted at 1:57 p.m., Friday, May 25, 2007
Fitch gives BB rating to Boyd Gaming credit facility
Advertiser Staff
Fitch Ratings has given a BB rating to Boyd Gaming Corp.'s new $4 billion credit facility and said the Las Vegas-based company's outlook is stable. Boyd Gaming owns the California and other Downtown Las Vegas hotels that are popular with visiting Hawai'i residents as well as operates Vacations Hawaii, a major tour wholesaler of travel packages to Las Vegas.Fitch said the new credit facility will help fund projects Boyd is developing, including the $4.5 billion Echelon in Las Vegas, the $130 million expansion of the Blue Chip in Indiana, a new Dania Jai Alai facility in Florida, a new Las Vegas Locals casino in North Las Vegas and an expansion of the Water Club at the Borgata, a property it owns with MGM Mirage.
