Boyd Gaming Corp. (BYD) said Monday that its previously announced sale of the Echelon site has closed.
Earlier Monday, Boyd Gaming said it has entered into a definitive agreement to sell the Echelon site to the Genting Group for $350 million in cash. The company expects to receive about $157 million in net proceeds from the transaction.
Boyd Gaming's latest quarterly results were hurt by a one-time, non-cash pretax impairment charge of about $994 million related to its decision not to proceed with development of the Echelon site.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.