Boyd Gaming, who shut down their Strip project Echelon last year, is making a bid for a chunk of troubled Las Vegas locals operator Station Casinos.
For $950 million they would purchase Green Valley Ranch, Aliante Station, Texas Station, Wild Wild West and both Fiestas. Boyd has a large locals operation already that could potentially meld well with Station's offerings.
Update: There's some discrepancy over exactly which assets are included in the proposal. This LV Sun blurb doesn't mention GVR: http://www.lasvegassun.com/news/2009/feb/23/boyd-gaming-offers-buy-station/
Updated March 3rd: As of today, Station has rejected this offer from Boyd: http://www.lvrj.com/news/breaking_news/40660477.html