The company decided to delay the construction of Echelon due to the
challenging economic environment. It plans to resume construction in
three or four quarters. They also suspended their quarterly dividend.
Boyd delays Echelon
The company decided to delay the construction of Echelon due to the
challenging economic environment. It plans to resume construction in
three or four quarters. They also suspended their quarterly
dividend.
The stock market liked the move. Boyd Gaming (BYD) is up almost $2.50
per share (+25%).
Don the Dentist
···
--- In vpFREE@yahoogroups.com, "skiallsix" <emailscot@...> wrote:
No, that's incorrect. The RJ said that the MALL at Echelon will be
delayed, not the casino property or hotels. Expected open date remains
some time in 2010.
GimmeaQuad
···
--- In vpFREE@yahoogroups.com, "skiallsix" <emailscot@...> wrote:
The company decided to delay the construction of Echelon due to the
challenging economic environment. It plans to resume construction in
three or four quarters. They also suspended their quarterly dividend.
General Growth Properties, I believe, was the one who made the decision to
delay the mall. As for the delays on the rest of the project... consider
that report confirmed.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a5Mu81BS5OGs&refer=home
···
On Fri, Aug 1, 2008 at 10:11 AM, gimmeaquad <gimmeaquad@yahoo.com> wrote:
--- In vpFREE@yahoogroups.com <vpFREE%40yahoogroups.com>, "skiallsix"
<emailscot@...> wrote:
>
> The company decided to delay the construction of Echelon due to the
> challenging economic environment. It plans to resume construction in
> three or four quarters. They also suspended their quarterly dividend.
>
No, that's incorrect. The RJ said that the MALL at Echelon will be
delayed, not the casino property or hotels. Expected open date remains
some time in 2010.
[Non-text portions of this message have been removed]
8:51AM Morgans Hotel Group issues statement regarding Echelon project
in Las Vegas (MHGC) 14.49 : Co announces the following statement
regarding the announcement by Boyd Gaming (BYD) that it will delay
the entire Echelon project due to the difficult environment
surrounding today's capital markets and current economic conditions.
In January 2006, MHG entered into a 50/50 joint venture with Boyd to
develop a Mondrian and Delano within Boyd's Echelon development on
the Las Vegas strip. As MHGC previously announced on July 1, 2008,
the deadline to obtain construction financing for the Echelon project
was extended to September 15, 2008. Given Boyd's announcement and the
difficulties in the credit markets, MHGC believes that the joint
venture will be unable to secure financing at favorable rates and
conditions by September 15, 2008. MHGC does not intend to further
extend the joint venture agreement on its current terms but expects
to evaluate future proposals relating to the project with Boyd.
General Growth Properties, I believe, was the one who made the
decision to
delay the mall. As for the delays on the rest of the project...
consider
that report confirmed.
pid=20601087&sid=a5Mu81BS5OGs&refer=home
> --- In vpFREE@yahoogroups.com <vpFREE%
40yahoogroups.com>, "skiallsix"
> <emailscot@> wrote:
> >
> > The company decided to delay the construction of Echelon due to
the
> > challenging economic environment. It plans to resume
construction in
> > three or four quarters. They also suspended their quarterly
dividend.
> >
> No, that's incorrect. The RJ said that the MALL at Echelon will be
> delayed, not the casino property or hotels. Expected open date
remains
···
--- In vpFREE@yahoogroups.com, "Jay Fenster" <gambling@...> wrote:
On Fri, Aug 1, 2008 at 10:11 AM, gimmeaquad <gimmeaquad@...> wrote:
> some time in 2010.
>[Non-text portions of this message have been removed]
>
> The company decided to delay the construction of Echelon due to the
> challenging economic environment. It plans to resume construction in
> three or four quarters. They also suspended their quarterly
dividend.
>
No, that's incorrect. The RJ said that the MALL at Echelon will be
delayed, not the casino property or hotels. Expected open date
remains
some time in 2010.
GimmeaQuad
Sorry for the wrong info, I was only going by what the RJ said in the
business capsules on page 2 of the business section.
GimmeaQuad
···
--- In vpFREE@yahoogroups.com, "gimmeaquad" <gimmeaquad@...> wrote:
--- In vpFREE@yahoogroups.com, "skiallsix" <emailscot@> wrote:
Are u sure about the dividend suspension. They did earn 28 cents/share which could support their 15 cent quarterly dividend.
···
--- On Sat, 8/2/08, gimmeaquad <gimmeaquad@yahoo.com> wrote:
From: gimmeaquad <gimmeaquad@yahoo.com>
Subject: [vpFREE] Re: Boyd delays Echelon
To: vpFREE@yahoogroups.com
Date: Saturday, August 2, 2008, 11:51 AM
--- In vpFREE@yahoogroups. com, "gimmeaquad" <gimmeaquad@ ...> wrote:
--- In vpFREE@yahoogroups. com, "skiallsix" <emailscot@> wrote:
>
> The company decided to delay the construction of Echelon due to the
> challenging economic environment. It plans to resume construction in
> three or four quarters. They also suspended their quarterly
dividend.
>
No, that's incorrect. The RJ said that the MALL at Echelon will be
delayed, not the casino property or hotels. Expected open date
remains
some time in 2010.
GimmeaQuad
Sorry for the wrong info, I was only going by what the RJ said in the
business capsules on page 2 of the business section.
GimmeaQuad
[Non-text portions of this message have been removed]
Must be - I googled boyd dividend suspension, and I got 40,000 hits.
···
--- In vpFREE@yahoogroups.com, pesach kremen <royalflush2222@...> wrote:
Are u sure about the dividend suspension. They did earn 28
cents/share which could support their 15 cent quarterly dividend.
It's no big loss with Boyd delaying this property. They build a Holiday Inn grade casino. We have plenty of those already.
···
----- Original Message -----
From: pesach kremen
To: vpFREE@yahoogroups.com
Sent: Sunday, August 03, 2008 4:05 AM
Subject: Re: [vpFREE] Re: Boyd delays Echelon
Are u sure about the dividend suspension. They did earn 28 cents/share which could support their 15 cent quarterly dividend.
--- On Sat, 8/2/08, gimmeaquad <gimmeaquad@yahoo.com> wrote:
From: gimmeaquad <gimmeaquad@yahoo.com>
Subject: [vpFREE] Re: Boyd delays Echelon
To: vpFREE@yahoogroups.com
Date: Saturday, August 2, 2008, 11:51 AM
--- In vpFREE@yahoogroups. com, "gimmeaquad" <gimmeaquad@ ...> wrote:
>
> --- In vpFREE@yahoogroups. com, "skiallsix" <emailscot@> wrote:
> >
> > The company decided to delay the construction of Echelon due to the
> > challenging economic environment. It plans to resume construction in
> > three or four quarters. They also suspended their quarterly
dividend.
> >
> No, that's incorrect. The RJ said that the MALL at Echelon will be
> delayed, not the casino property or hotels. Expected open date
remains
> some time in 2010.
>
> GimmeaQuad
>
Sorry for the wrong info, I was only going by what the RJ said in the
business capsules on page 2 of the business section.
GimmeaQuad
[Non-text portions of this message have been removed]
No virus found in this incoming message.
Checked by AVG - http://www.avg.com
Version: 8.0.138 / Virus Database: 270.5.10/1586 - Release Date: 8/1/2008 6:59 PM
[Non-text portions of this message have been removed]
Walt Jurek wrote:
···
It's no big loss with Boyd delaying this property. They build a Holiday Inn grade casino. We have plenty of those already.
-------------
Never tried the Borgata, huh?