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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report: November 16, 1999
BOYD GAMING CORPORATION
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(Exact Name of Registrant as Specified in its Charter)
Nevada
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(State or Other Jurisdiction of
Incorporation or Organization)
1-12168 88-0242733
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(Commission File Number) (I.R.S. Employer
Identification No.)
2950 South Industrial Road
Las Vegas, Nevada 89109
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(Address of Principal Executive Offices) (Zip Code)
(702) 792-7200
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(Registrant's telephone number, including area code)
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
On November 10, 1999, Boyd Gaming Corporation (the "Company") completed
the acquisition of 100% of the equity interest (the "Equity Interests") in Blue
Chip Casino, LLC, an Indiana limited liability company. The acquisition was
consummated following the transfer of the Blue Chip riverboat casino and related
assets from Blue Chip Casino, Inc. to Blue Chip Casino, LLC, pursuant to the
terms of the Unit Purchase Agreement (the "Agreement") dated as of June 27,
1999, among the Company, Boyd Indiana, Inc., an Indiana corporation, Blue Chip
Casino, Inc., an Indiana corporation, Blue Chip Casino, LLC, and Kevin F. Flynn,
Brian J. Flynn, Donald Flynn, and Robert W. Flynn as Individual Covenantors.
Pursuant to the terms of the Agreement, Boyd Indiana, Inc. acquired the
Equity Interests in Blue Chip Casino, LLC for approximately $255 million
(subject to adjustment) and acquired a hotel and parking facility currently
under construction for an additional $18.6 million. The Company funded the
acquisition from its $600 million bank credit facility.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Financial statements of business acquired.
To be filed by amendment.
(b) Pro forma financial information.
To be filed by amendment.
(c) Exhibits.
Exhibit No. Description
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2.6 Unit Purchase Agreement (the "Agreement") dated as of
June 27, 1999, by and among Boyd Gaming Corporation,
Boyd Indiana, Inc., Blue Chip Casino, Inc., an Indiana
corporation, Blue Chip Casino, LLC, Kevin F. Flynn,
Brian J. Flynn, Donald Flynn, and Robert W. Flynn
(incorporated by reference to Exhibit 10.29 to the
Company's Quarterly Report on Form 10-Q for the quarter
ended June 30, 1999).
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BOYD GAMING CORPORATION
Date: November 16, 1999 /s/ Ellis Landau
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ELLIS LANDAU
Executive Vice President, Chief
Financial Officer and Treasurer
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