This would be huge if LVS acquired Boyd especially for the Echelon site on the Strip.
"Activity was brisk, for instance, in Boyd Gaming Corp. as rumors swirled that the casino company might be in the sights of Las Vegas Sands Corp."
Rumors Swirl That LVS Interested in Boyd
Categories: Boyd Gaming, Business of Gaming, Venetian/LV Sands
I could see him buying assets but the whole thing? There'd be way too many regional markets LVS isn't interested in (remember the Sands AC closing) that they'd have to dispose of.
It would also put downtown Vegas one foot fully into the grave. Boyd and Landry's are wholly responsible for keeping things clean and classy on Fremont St. The Four Queens is showing potential, but they still have a ways to go.
We must be the folks that don't think it's gonna happen mentioned in the piece.
mike_ch - I agree with you 100%. They'd love the Echelon property most likely and that would be a big story but they couldn't care less about the other crap except for Borgata.
LVS can keep throwing money at things, but it takes far more than just money to run a great resort. They should be very careful about how fast they try to grow. Their plate is already overflowing. They are opening more places than MGM or HET, and they just don't have the support staff or management team to grow this huge this fast. I think this has to be just a rumor, but time will tell.
Boyd has to do something because their stock has been stuck in the mud for a long time.
Recently Bill Boyd stepped down as CEO, but he's still the chairman.
Adelson recently said Sands will build a 5,000 room, 1,000 condo resort in Vegas. Where, I don't know, their land across Koval is earmarked for more expo space.
This might be a longshot. I'm not sure how locked-in construction on Echelon is, but Adelson doesn't strike me as the kind of guy who'd pay top dollar for someone else's big project.
I'd think a buy & demolish deal for the Riv is more likely, but what do I know? There's not too much room left on the Strip for 6,000 rooms, so unless LVS goes JV with MGM Mirage or Harrah's, they'd have to do some creative shopping to find a piece of land. Or hope Columbia Sussex dumps the Trop.
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