Boyd Gaming Corporation and Harrah\'s Entertainment completed a separate merger on July 1, 2004, totaling $2.7 billion.
Boyd Gaming struck a $1.3 billion deal with Coastal Casino to make it the fifth largest gambling operator in the United States, while Haras Entertainment sealed a $1.45 billion merger with Horsch Gaming Holding Corp.
Hara is currently the largest casino operator in the United States, with total sales of $5.1 billion. But if regulators approve the ongoing merger of MGM Mirage Inc. and Mandalay Resort Group Inc., the casino could lose that title in an instant.
Chairman William S. Boyd said Thursday that the merger of Boyd Gaming will create a powerful company in Las Vegas that will satisfy local residents.
"This takes us to a whole new level as one of two major companies serving a dynamic, growing Las Vegas-area market," Boyd said in a prepared statement, referring to rival Station Casino Inc.
Under the terms of the merger agreement, Coast will become a wholly owned subsidiary of Boyd Gaming. Michael Gowan will remain Chief Executive Officer of Coast and become Boyd\'s second largest shareholder.
"We built a great company and now we\'re joining a great company," Gaughan said.
Boyd said Gordon\'s agreement to stay in the management position was crucial to the deal.
The two companies signed a merger deal on Feb. 6 and were approved by gambling regulators last month. The cost brand will remain in place and all company operations will remain in place.
The combined companies will retain the name Boyd Gaming, which will generate about $2 billion in revenue while operating 18 properties with 10,000 rooms across the country. 에볼루션 바카라사이트
The Federal Trade Commission voted last month to close an investigation into Haras\'s pending acquisition of Hosche Gaming, paving the way for final regulatory approval.
The deal has also been approved by regulators in Indiana, Mississippi, and Louisiana.
Horschoe Gaming has operated riverboat casinos in Hammond, Indiana, Tunica, Michigan, and Bosier City. Harrah\'s operates 22 casinos in the United States, including Nevada, New Jersey, and Louisiana. The company is Nevada\'s second-largest employer with 42,000 workers.