Boyd Gaming Corp 8-K, filed Mar 20, 2020
Boyd Gaming Corp (BYD)
About this 8-K
Boyd Gaming Corp filed this 8-K on March 20, 2020, reporting on events of March 19, 2020.
Items reported
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
____________________________________________________________________
FORM
____________________________________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported):
____________________________________________________________________
(Exact Name of Registrant as Specified in its Charter)
____________________________________________________________________
|
|
|
|
||
|
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification Number) |
(Address of Principal Executive Offices, Including Zip Code)
(
(Registrant’s Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since Last Report)
Securities registered pursuant to Section 12(b) of the Exchange Act:
|
Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered |
|
|
|
|
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
|
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. Regulation FD Disclosure.
On March 17, 2020, Boyd Gaming Corporation (the "Company") issued a press release announcing the closure of its Las Vegas properties for a thirty-day period beginning on March 17, 2020, pursuant to an order issued by the Governor of Nevada. The Press Release also announced the closure of the Company’s properties in Iowa, Kansas, and Missouri, as directed by various governmental authorities in those States. The press release is filed herewith as Exhibit 99.1 and is incorporated herein in its entirety by reference.
The Company previously issued press releases announcing the government mandated closures of the Company’s other properties. Those press releases are filed herewith as Exhibits 99.2, 99.3, and 99.4 and are incorporated herein in their entirety by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
|
Exhibit Number |
Description |
|
|
99.1 |
||
|
99.2 |
Press Release, dated March 16, 2020 | |
| 99.3 | Press Release, dated March 15, 2020 | |
| 99.4 | Press Release, dated March 12, 2020 |
SIGNATURE
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.
|
Date: |
March 19, 2020 |
Boyd Gaming Corporation |
|
By: |
/s/ Anthony D. McDuffie |
|
|
Anthony D. McDuffie |
||
|
Vice President and Chief Accounting Officer |
Exhibit 99.1
|
Financial Contact: |
Media Contact: |
||
|
Josh Hirsberg |
David Strow |
||
|
(702) 792-7234 |
(702) 792-7386 |
||
|
joshhirsberg@boydgaming.com |
davidstrow@boydgaming.com |
BOYD GAMING ANNOUNCES TEMPORARY CLOSURES OF
PROPERTIES IN NEVADA, IOWA, KANSAS AND MISSOURI
LAS VEGAS — MARCH 17, 2020 —Boyd Gaming Corporation (NYSE: BYD) announced that all of the Company’s properties in Nevada, Iowa, Kansas and Missouri are closing to the public, in compliance with orders from state officials aimed at preventing the spread of COVID-19.
Earlier today, Nevada Governor Steve Sisolak ordered the closure of all gaming operations in the state of Nevada for the next 30 days. In compliance with that order, Boyd Gaming will close the gaming operations of its 12 southern Nevada properties by midnight Pacific Time tonight, March 17. The Company expects to close other public amenities, including restaurants and hotels, over the next several days.
Separately, in compliance with an order from Iowa Governor Kim Reynolds, Diamond Jo Casino and Diamond Jo Worth both temporarily closed to the public at noon Central Time earlier today (March 17). The governor’s order requires all casinos in the state of Iowa to remain closed through Tuesday, March 31.
In Kansas, the Company will temporarily close Kansas Star Casino on Wednesday, March 18 at 5 a.m. Central Time, in compliance with the Kansas Lottery Commission’s order to close all casinos in the state through Monday, March 30.
In Missouri, in compliance with orders from the Missouri Gaming Commission, Ameristar St. Charles and Ameristar Kansas City will temporarily close to the public at 10 p.m. Central Time tonight (March 17). Earlier today the Commission ordered all Missouri casinos to close through Monday, March 30.
There have been no reported cases of COVID-19 at any Boyd Gaming property. All closures are due solely to state mandates aimed at preventing the spread of the disease.
Following these closures, all Boyd Gaming properties nationwide will be closed to the public.
Forward-Looking Statements
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, without limitation, statements regarding our expectations, hopes or intentions regarding the future. These forward looking statements can often be identified by their use of words such as “will”, “might”, “predict”, “continue”, “forecast”, “expect”, “believe”, “anticipate”, “outlook”, “could”, “would”, “target”, “project”, “intend”, “plan”, “seek”, “estimate”, “pursue”, “should”, “may” and “assume”, or the negative thereof, as well as variations of such words and similar expressions referring to the future, and may include (without limitation) statements regarding COVID-19, the length of time the Company’s properties will be required to remain closed, and whether the Company will be required to close other properties. Forward-looking statements involve certain risks and uncertainties, and actual results may differ materially from those discussed in any such statement. Factors that could cause actual results to differ include (without limitation) the ongoing uncertainty about COVID-19, its duration and impact, the closure and length of closure of our properties, negative perceptions of visiting properties that have large groups of people, and the cost to comply with any mandated health requirements associated with the virus. Additional factors are discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019, and in the Company’s other current and periodic reports filed from time to time with the Securities and Exchange Commission. All forward-looking statements in this document are made based on information available to the Company as of the date hereof, and the Company assumes no obligation to update any forward-looking statement.
About Boyd Gaming
Founded in 1975, Boyd Gaming Corporation (NYSE: BYD) is a leading geographically diversified operator of 29 gaming entertainment properties in 10 states. The Company currently operates 1.77 million square feet of casino space, more than 38,000 gaming machines, over 800 table games, more than 11,000 hotel rooms, and 320 food and beverage outlets. With one of the most experienced leadership teams in the casino industry, Boyd Gaming prides itself on offering its guests an outstanding entertainment experience, delivered with unwavering attention to customer service. For additional Company information and press releases, visit www.boydgaming.com.
Exhibit 99.2
|
Financial Contact: |
Media Contact: |
||
|
Josh Hirsberg |
David Strow |
||
|
(702) 792-7234 |
(702) 792-7386 |
||
|
joshhirsberg@boydgaming.com |
davidstrow@boydgaming.com |
BOYD GAMING ANNOUNCES TEMPORARY CLOSURES OF
PROPERTIES IN LOUISIANA, MISSISSIPPI
LAS VEGAS — MARCH 16, 2020 —Boyd Gaming Corporation (NYSE: BYD) announced that all of the Company’s properties in Louisiana and Mississippi will close to the public later today, in compliance with orders from state gaming regulators. All casinos in Louisiana and Mississippi have been ordered to temporarily close as a precautionary measure to prevent the spread of COVID-19.
In compliance with orders received from the Louisiana Gaming Control Board earlier today, five Boyd Gaming properties will temporarily close to the public by midnight: Amelia Belle Casino, Delta Downs Racetrack Casino Hotel, Evangeline Downs Racetrack Casino Hotel, Sam’s Town Shreveport and Treasure Chest Casino. The Board’s order requires all casinos in the state of Louisiana to remain closed through Monday, March 30.
Separately, the Company will close IP Casino Resort and Sam’s Town Tunica by midnight tonight, in compliance with orders from the Mississippi Gaming Commission. The Commission did not provide an estimated re-opening date in its order.
There have been no reported cases of COVID-19 at any Boyd Gaming property. All closures are due solely to state mandates aimed at preventing the spread of disease.
The safety and well-being of our team members and customers is our utmost priority. The Company has implemented comprehensive social distancing measures across its operations, including mandating additional space between customers on the Company’s gaming floors and restaurants. The Company is also closing certain amenities as necessary to enforce these social distancing protocols.
Additionally, since February, Boyd Gaming has been following stringent CDC-recommended protocols at its properties nationwide, including frequent handwashing by team members, increased placement of hand sanitizers and increased sanitation of frequently touched surfaces. The Company has been advising all team members who are experiencing flu-like symptoms to go home immediately and contact their health care professional.
The Company is continuing to monitor developments related to COVID-19 and reinforcing our policies as necessary. For additional information on Boyd Gaming’s efforts, visit: https://www.boydgaming.com/news/coronavirus
Forward-Looking Statements
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, without limitation, statements regarding our expectations, hopes or intentions regarding the future. These forward looking statements can often be identified by their use of words such as “will”, “might”, “predict”, “continue”, “forecast”, “expect”, “believe”, “anticipate”, “outlook”, “could”, “would”, “target”, “project”, “intend”, “plan”, “seek”, “estimate”, “pursue”, “should”, “may” and “assume”, or the negative thereof, as well as variations of such words and similar expressions referring to the future, and may include (without limitation) statements regarding COVID-19, the length of time Amelia Belle, Belterra Park, Belterra Resort, Blue Chip, Delta Downs, Evangeline Downs, Par-A-Dice, Sam’s Town Shreveport, Sam’s Town Tunica, Treasure Chest and Valley Forge will be required to remain closed, and whether the Company will be required to close other properties. Forward-looking statements involve certain risks and uncertainties, and actual results may differ materially from those discussed in any such statement. Factors that could cause actual results to differ include (without limitation) the ongoing uncertainty about COVID-19, its duration and impact, the closure and length of closure of our properties, negative perceptions of visiting properties that have large groups of people, and the cost to comply with any mandated health requirements associated with the virus. Additional factors are discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019, and in the Company’s other current and periodic reports filed from time to time with the Securities and Exchange Commission. All forward-looking statements in this document are made based on information available to the Company as of the date hereof, and the Company assumes no obligation to update any forward-looking statement.
About Boyd Gaming
Founded in 1975, Boyd Gaming Corporation (NYSE: BYD) is a leading geographically diversified operator of 29 gaming entertainment properties in 10 states. The Company currently operates 1.77 million square feet of casino space, more than 38,000 gaming machines, over 800 table games, more than 11,000 hotel rooms, and 320 food and beverage outlets. With one of the most experienced leadership teams in the casino industry, Boyd Gaming prides itself on offering its guests an outstanding entertainment experience, delivered with unwavering attention to customer service. For additional Company information and press releases, visit www.boydgaming.com.
Exhibit 99.3
|
Financial Contact: |
Media Contact: |
||
|
Josh Hirsberg |
David Strow |
||
|
(702) 792-7234 |
(702) 792-7386 |
||
|
joshhirsberg@boydgaming.com |
davidstrow@boydgaming.com |
BOYD GAMING ANNOUNCES TEMPORARY CLOSURES OF
PROPERTIES IN ILLINOIS, INDIANA AND OHIO
LAS VEGAS — MARCH 15, 2020 —Boyd Gaming Corporation (NYSE: BYD) announced that four of the Company’s properties will be temporarily closing to the public: Belterra Casino Resort and Blue Chip Casino Hotel and Spa in Indiana; Belterra Park in Ohio; and Par-A-Dice Casino Hotel in Illinois. All closures are related to state officials’ efforts to prevent the spread of COVID-19.
Belterra Park closed on Friday, March 13, at midnight Eastern Time. The Company closed the property in response to an order by the Ohio Department of Health prohibiting mass gatherings of 100 or more people in the state. The Company does not have an estimated re-opening date at this time.
Par-A-Dice will close on Sunday, March 15 at midnight Central Time, in compliance with a closure order from the Illinois Gaming Board. The Board’s order requires all casinos in the state of Illinois to remain closed until Monday, March 30.
Belterra Resort and Blue Chip will close on Monday, March 16 at 6 am local time, in compliance with orders from the Indiana Gaming Commission. The Commission’s order requires all casinos in the state of Indiana to remain closed until Monday, March 30.
In addition to these closures, Valley Forge Casino Resort will remain closed until Friday, March 27, following a previous order by the Governor of Pennsylvania mandating the closure of all entertainment venues in Montgomery County, Pennsylvania.
There have been no reported cases of COVID-19 at any Boyd Gaming property. All closures are due solely to state mandates aimed at preventing the spread of the disease. All other Boyd Gaming properties remain in operation at this time.
The safety and well-being of our team members and customers is our utmost priority. Starting in February, Boyd Gaming has been following stringent CDC-recommended protocols at its properties nationwide, including frequent handwashing by team members, increased placement of hand sanitizers and increased sanitation of frequently touched surfaces. The Company has been advising all team members who are experiencing flu-like symptoms to go home immediately and contact their health care professional.
The Company is continuing to monitor developments related to COVID-19 and reinforcing our policies as necessary. For additional information on Boyd Gaming’s efforts, visit: https://www.boydgaming.com/news/coronavirus
Forward-Looking Statements
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, without limitation, statements regarding our expectations, hopes or intentions regarding the future. These forward looking statements can often be identified by their use of words such as “will”, “might”, “predict”, “continue”, “forecast”, “expect”, “believe”, “anticipate”, “outlook”, “could”, “would”, “target”, “project”, “intend”, “plan”, “seek”, “estimate”, “pursue”, “should”, “may” and “assume”, or the negative thereof, as well as variations of such words and similar expressions referring to the future, and may include (without limitation) statements regarding COVID-19, the length of time Belterra Park, Belterra Resort, Blue Chip, Par-A-Dice and Valley Forge will be required to remain closed, and whether the Company will be required to close other properties. Forward-looking statements involve certain risks and uncertainties, and actual results may differ materially from those discussed in any such statement. Factors that could cause actual results to differ include (without limitation) the possibility that the notes offering will not be consummated at the expected time, on the expected terms, or at all; and the Company’s financial performance. Additional factors are discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019, and in the Company’s other current and periodic reports filed from time to time with the Securities and Exchange Commission. All forward-looking statements in this document are made based on information available to the Company as of the date hereof, and the Company assumes no obligation to update any forward-looking statement.
About Boyd Gaming
Founded in 1975, Boyd Gaming Corporation (NYSE: BYD) is a leading geographically diversified operator of 29 gaming entertainment properties in 10 states. The Company currently operates 1.77 million square feet of casino space, more than 38,000 gaming machines, over 800 table games, more than 11,000 hotel rooms, and 320 food and beverage outlets. With one of the most experienced leadership teams in the casino industry, Boyd Gaming prides itself on offering its guests an outstanding entertainment experience, delivered with unwavering attention to customer service. For additional Company information and press releases, visit www.boydgaming.com.
Exhibit 99.4
|
Financial Contact: |
Media Contact: |
||
|
Josh Hirsberg |
David Strow |
||
|
(702) 792-7234 |
(702) 792-7386 |
||
|
joshhirsberg@boydgaming.com |
davidstrow@boydgaming.com |
BOYD GAMING ANNOUNCES TEMPORARY CLOSURES OF VALLEY FORGE
LAS VEGAS — MARCH 12, 2020 —Boyd Gaming Corporation (NYSE: BYD) today announced that Pennsylvania Governor Tom Wolf today ordered the closure of all public schools, entertainment venues and community centers in Montgomery County, Pennsylvania, as a precautionary measure due to local cases of COVID-19. This includes Valley Forge Casino Resort.
While there have been no reported cases at the property, the Company will close Valley Forge to the public on Friday, March 13 at 6:00 am EDT. The Company currently expects Valley Forge will remain closed until Friday, March 27, in compliance with the governor’s directive.
Customers who have reservations at Valley Forge during the closure period should call (610) 354-8118 for further information and assistance.
The safety and well-being of our team members and customers is our utmost priority. Starting in February, Boyd Gaming has been following stringent CDC-recommended protocols at its properties nationwide, including frequent handwashing by team members, increased placement of hand sanitizers and increased sanitation of frequently-touched surfaces. The Company has been advising all team members who are experiencing flu-like symptoms to go home immediately and contact their health care professional.
The Company is continuing to monitor developments related to COVID-19 and reinforcing our policies as necessary. For additional information on Boyd Gaming’s efforts, visit: https://www.boydgaming.com/news/coronavirus
Forward-Looking Statements
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, without limitation, statements regarding our expectations, hopes or intentions regarding the future. These forward looking statements can often be identified by their use of words such as “will”, “might”, “predict”, “continue”, “forecast”, “expect”, “believe”, “anticipate”, “outlook”, “could”, “would”, “target”, “project”, “intend”, “plan”, “seek”, “estimate”, “pursue”, “should”, “may” and “assume”, or the negative thereof, as well as variations of such words and similar expressions referring to the future, and may include (without limitation) statements regarding COVID-19, the length of time Valley Forge will be required to remain closed, and whether the Company will be required to close other properties. Forward-looking statements involve certain risks and uncertainties, and actual results may differ materially from those discussed in any such statement. Factors that could cause actual results to differ include (without limitation) the possibility that the notes offering will not be consummated at the expected time, on the expected terms, or at all; and the Company’s financial performance. Additional factors are discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019, and in the Company’s other current and periodic reports filed from time to time with the Securities and Exchange Commission. All forward-looking statements in this document are made based on information available to the Company as of the date hereof, and the Company assumes no obligation to update any forward-looking statement.
About Boyd Gaming
Founded in 1975, Boyd Gaming Corporation (NYSE: BYD) is a leading geographically diversified operator of 29 gaming entertainment properties in 10 states. The Company currently operates 1.77 million square feet of casino space, more than 38,000 gaming machines, over 800 table games, more than 11,000 hotel rooms, and 320 food and beverage outlets. With one of the most experienced leadership teams in the casino industry, Boyd Gaming prides itself on offering its guests an outstanding entertainment experience, delivered with unwavering attention to customer service. For additional Company information and press releases, visit www.boydgaming.com.