Sunday, April 13, 2008

Boyd Forms Joint Venture With Olympia Group Affiliate for Proposed Nevada Project

LAS VEGAS (AP) -- Boyd Gaming Corp. said Friday it formed a joint venture with an Olympia Group affiliate for a proposed casino resort complex in Nevada.

Boyd and Olympia Gaming said they filed an application with the City of North Las Vegas to develop a 66-acre, mixed-used regional entertainment facility.

Boyd, a casino operator, will be responsible for the complex's construction and management. Other details of the deal were not disclosed. If the proposed plans are approved, Boyd said it will work on the joint venture project instead of another 40-acre parcel it has in the same region.

Shares of Boyd Gaming dropped 46 cents, or 2.4 percent, to $19.03 in morning trading. The stock has traded in a 52-week range of $18.27 to $54.22.

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