Borgata Opens $200 Million Expansion Project
30 Junho 2006 - 12:00PM
PR Newswire (US)
- Wolfgang Puck, Bobby Flay and Michael Mina Join Borgata Culinary
Scene - ATLANTIC CITY, N.J., June 30 /PRNewswire-FirstCall/ -- Boyd
Gaming Corporation (NYSE:BYD) and MGM MIRAGE (NYSE:MGM) today
announced the opening of its public space expansion at the Borgata
Hotel Casino and Spa, located at Renaissance Pointe in Atlantic
City. The newly opened expansion is anchored by three new signature
restaurants led by Bobby Flay, Michael Mina and Wolfgang Puck and
adds additional casino games, an 85-table poker room, and a second
nightclub experience called mur.mur. (Logo:
http://www.newscom.com/cgi-bin/prnh/20030219/BOYDLOGO) Borgata's
next expansion is already underway and will include a second hotel
adjoining the property. The Water Club at Borgata is scheduled to
open in the fourth quarter 2007. The second hotel will feature
approximately 800 guest rooms and suites with its own porte cochere
and entrance, along with four swimming pools and a spa in the sky.
William S. Boyd, Chairman and Chief Executive Officer of Boyd
Gaming, commented on the opening, "We began working on this
expansion only five months after we opened Borgata in 2003. We
believe this will add considerably to Atlantic City's
revitalization as an overnight destination with an abundance of
entertainment options." Terry Lanni, MGM MIRAGE Chairman and Chief
Executive Officer, noted, "We're very excited about how the public
has embraced Borgata. These new amenities will further enrich the
Borgata experience and herald a new era for Atlantic City as a
center for dining, entertainment and leisure on the East Coast."
Headquartered in Las Vegas, Boyd Gaming Corporation (NYSE:BYD) is a
leading diversified owner and operator of 20 gaming entertainment
properties located in Nevada, New Jersey, Mississippi, Illinois,
Indiana , Louisiana and Florida. Boyd Gaming is also developing
Echelon Place, a world class destination on the Las Vegas Strip,
expected to open in early 2010. Additionally, Boyd Gaming was
recently recognized by Forbes Magazine as the best managed company
in the category of Hotels, Restaurant and Leisure. Boyd Gaming
press releases are available at http://www.prnewswire.com/.
Additional news and information on Boyd Gaming can be found at
http://www.boydgaming.com/. MGM MIRAGE (NYSE:MGM), one of the
world's leading and most respected hotel and gaming companies, owns
and operates 23 properties located in Nevada, Mississippi and
Michigan, and has investments in three other properties in Nevada,
New Jersey and Illinois. MGM MIRAGE has also announced plans to
develop Project CityCenter, a multi-billion dollar mixed-use urban
development project in the heart of Las Vegas, and has a 50 percent
interest in MGM Grand Macau, a hotel-casino resort currently under
construction in Macau S.A.R. MGM MIRAGE supports responsible gaming
and has implemented the American Gaming Association's Code of
Conduct for Responsible Gaming at its properties. MGM MIRAGE also
has been the recipient of numerous awards and recognitions for its
industry-leading Diversity Initiative and its community
philanthropy programs. For more information about MGM MIRAGE,
please visit the company's website at http://www.mgmmirage.com/.
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
Such statements include information about expectations, goals or
intentions regarding the future, including, but not limited to,
statements regarding the expected timing of the openings of The
Water Club and Echelon Place. Forward-looking statements involve
certain risks and uncertainties, and actual results may differ
materially from those discussed in any such statement. In
particular, there can be no assurances that the aforementioned
projects will open when expected, if at all. Among the factors that
could cause actual results to differ materially are the risks
inherent in the development and operation of a new business
enterprise, including unanticipated design, construction,
regulatory, environmental and operating problems and lack of demand
for the projects. Additional factors that could cause actual
results to differ are discussed under the heading "Risk Factors" of
Boyd Gaming's and MGM MIRAGE's respective annual reports on Form
10-K for their most recently ended fiscal years, which are on file
with the Securities and Exchange Commission, and in their other
current and periodic reports filed with, or furnished to, the SEC
from time to time. All forward-looking statements in this document
are made as of the date hereof, based on information available as
of the date hereof, and neither Boyd Gaming nor MGM MIRAGE assume
any obligation to update any forward-looking statement.
http://www.newscom.com/cgi-bin/prnh/20030219/BOYDLOGO
http://photoarchive.ap.org/ DATASOURCE: Boyd Gaming Corporation
CONTACT: Rob Stillwell of Boyd Gaming, +1-702-792-7353, ; or Alan
Feldman of MGM MIRAGE, +1-702-891-7147, Web site:
http://www.mgmmirage.com/ Web site: http://www.boydgaming.com/
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