Boyd Gaming Offers to Buy Station Casinos

Here's an interesting story from Forbes tangentially related to MMA:

In a letter to Station Casino Chief Executive Frank Fertitta III, Boyd CEO Keith E. Smith and Executive Chairman William Boyd said the company was willing to pay $950 million in cash for most of the assets except for those secured by certain loans.

The price excludes assets secured by the commercial mortgage-backed security mortgage loan and related mezzanine financings due this November and those secured by a $250 million term loan due Feb. 7, 2011.

But Las Vegas-based Boyd said it would be interested in buying these assets if they're for sale.  It has access to $2 billion in a revolving credit facility.

I don't often post on the business of Station Casinos because it's very complicated and mostly unrelated to MMA, but a full buyout of Station would likely bring Frank Fertitta over to Zuffa as well.  Of course, it wouldn't surprise me if a potential sale kept Frank and others on board as part of the new version of Station Casinos.

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