![]() ![]() “Unfortunately, given bidding procedures that favor Station insiders, and our current view of the limited potential value of the operating and development assets, we have concluded this opportunity no longer makes sense for our company.” “Over the last 18 months, we have devoted significant resources in our attempt to acquire the … assets of Station Casinos,” Smith said in the statement. In a statement, Boyd Gaming Chief Executive Officer Keith Smith said the court-approved bidding process does not offer a level playing field. will not bid on any of Station Casinos’ assets in next week’s bankruptcy auction because the court-approved process makes it difficult for qualified bidders to compete fairly, the company said Friday.īoyd’s announcement came two days after bankrupt locals gaming giant Station Casinos reached an agreement with its unsecured creditors for support of the company’s two-pronged Chapter 11 bankruptcy reorganization plan.
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