Boyd Gaming submits $2.45B offer for Station Casinos; wants more of Las Vegas locals market

Boyd Gaming makes $2.45B offer for Station Casinos

NEW YORK — Boyd Gaming says it made a $2.45 billion offer to buy casino competitor Station Casinos out of bankruptcy protection as Boyd looks to take a bigger slice of the action among Las Vegas locals.

Boyd, in a regulatory filing on Wednesday, says the transaction will involve a cash payment and assumption of some debt. Further details were not disclosed.

Privately held Station Casinos rejected a $950 million offer earlier this year from Boyd to buy some or all of its assets.

The company, which filed for bankruptcy protection in July, asked the U.S. Bankruptcy Court in Reno, Nev., last month for a four-month extension to submit a reorganization plan.