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Boyd Gaming Corp (BYD) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2012

Boyd Gaming Corp

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CIK: 906553 Ticker: BYD




Exhibit 99.1




Financial Contact:
Josh Hirsberg
(702) 792-7234
joshhirsberg@boydgaming.com

Media Contact:
David Strow
(702) 792-7386
davidstrow@boydgaming.com


BOYD GAMING REPORTS FOURTH-QUARTER, FULL-YEAR RESULTS;
ANNOUNCES AGREEMENT TO SELL ECHELON SITE

LAS VEGAS - MARCH 4, 2013 -
Boyd Gaming Corporation (NYSE: BYD) today reported financial results for the fourth quarter and full year ended December 31, 2012.

The Company also announced that it has entered into a definitive agreement to sell the Echelon site on the Las Vegas Strip to the Genting Group for $350 million in cash.

The sale agreement includes both the 87-acre land parcel as well as all improvements to the site. Subject to the terms of the definitive purchase agreement and satisfaction of various conditions, the transaction is expected to close today. A portion of the proceeds will be paid to a third party to fulfill the Company's obligations to LVE Energy Partners, LLC. Following this payment and other closing costs, Boyd Gaming expects to receive approximately $157 million in net proceeds from the transaction.

Based on the Company's decision not to proceed with development of the Echelon site, Boyd Gaming recorded a one-time, non-cash pretax impairment charge of approximately $994 million, which is reflected in the Company's fourth-quarter 2012 results.






The following information was filed by Boyd Gaming Corp (BYD) on Monday, March 4, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statement Of Changes In Stockholders' Equity
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (loss)
Consolidated Statements Of Operations
Accrued Liabilities
Accrued Liabilities (details)
Accrued Liabilities (tables)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss (details)
Accumulated Other Comprehensive Loss (tables)
Asset Acquisitions
Asset Acquisitions (acquired Property And Equipment) (details)
Asset Acquisitions (assets Acquired And Liabilities Assumed) (details)
Asset Acquisitions (bargain Purchase Gain) (details)
Asset Acquisitions (consideration Transferred) (details)
Asset Acquisitions (consolidated Statement Of Operations Of Acquiree) (details)
Asset Acquisitions (narrative) (details)
Asset Acquisitions (pro Forma Income Statements) (details)
Asset Acquisitions (tables)
Asset Acquisitions Asset Acquisitions (acquired Intangible Assets) (details)
Assets Held For Development
Assets Held For Development (summary) (details)
Assets Held For Development (tables)
Commitments And Contingencies
Commitments And Contingencies (borgata Commitments) (details)
Commitments And Contingencies (borgata Leases) (details)
Commitments And Contingencies (boyd Leases) (details)
Commitments And Contingencies (capital Spending And Development) (details)
Commitments And Contingencies (echelon) (details)
Commitments And Contingencies (future Minimum Sublease Rental Income) (details)
Commitments And Contingencies (gain Contingency) (details)
Commitments And Contingencies (loss Contingency) (details)
Commitments And Contingencies (minimum Lease Obligations) (details)
Commitments And Contingencies (tables)
Condensed Consolidating Financial Information
Condensed Consolidating Financial Information (balance Sheets) (details)
Condensed Consolidating Financial Information (cash Flows) (details)
Condensed Consolidating Financial Information (income Statements) (details)
Condensed Consolidating Financial Information (narrative) (details)
Condensed Consolidating Financial Information (tables)
Consolidation Of Certain Interests
Consolidation Of Certain Interests (borgata Results Of Operations) (details)
Consolidation Of Certain Interests (computation Of Bargain Purchase Gain) (details)
Consolidation Of Certain Interests (effect Of Lve Consolidation On Consolidated Balance Sheets) (details)
Consolidation Of Certain Interests (effect Of Lve Consolidation On Consolidated Income Statements) (details)
Consolidation Of Certain Interests (measurement Period Adjustments Not Recorded) (details)
Consolidation Of Certain Interests (narrative) (details)
Consolidation Of Certain Interests (supplemental Pro Forma Information Due To Consolidation Of Borgata) (details)
Consolidation Of Certain Interests (tables)
Derivative Instruments
Derivative Instruments (classification Of Changes In Fair Value) (details)
Derivative Instruments (tables)
Employee Benefit Plans
Employee Benefit Plans (details)
Fair Value Measurements
Fair Value Measurements (balances Measured At Fair Value) (details)
Fair Value Measurements (changes In Fair Value Of Level 3 Assets And Liabilities) (details)
Fair Value Measurements (fair Value Balance Sheet Grouping) (details)
Fair Value Measurements (fair Value Balance Sheet Long-term Debt Grouping) (details)
Fair Value Measurements (narrative) (details)
Fair Value Measurements (tables)
Goodwill
Goodwill (goodwill Rollforward) (details)
Goodwill (schedule Of Goodwill By Segment) (details)
Goodwill (tables)
Impairments And Other Operating Items, Net
Impairments And Other Operating Items, Net (details)
Impairments And Other Operating Items, Net (tables)
Income Taxes
Income Taxes (deferred Tax Assets And Liabilities) (details)
Income Taxes (narrative) (details)
Income Taxes (provision (benefit) For Income Taxes) (details)
Income Taxes (reconciliation Of Effective Income Tax Rate) (details)
Income Taxes (tables)
Income Taxes (unrecognized Tax Benefits) (details)
Income Taxes (valuation Allowance On Deferred Tax Assets) (details)
Intangible Assets
Intangible Assets (changes In Intangible Assets) (details)
Intangible Assets (future Amortization) (details)
Intangible Assets (summary Of Amortizing And Indefinite-lived Intangibles) (details)
Intangible Assets (tables)
Long-term Debt
Long-term Debt (borgata Bank Credit Facility Narrative) (details)
Long-term Debt (borgata Senior Secured Notes Narrative) (details)
Long-term Debt (boyd Bank Credit Facility Availability) (details)
Long-term Debt (boyd Bank Credit Facility Narrative) (details)
Long-term Debt (boyd Senior And Senior Subordinated Notes Narrative) (details)
Long-term Debt (maturities Of Long-term Debt) (details)
Long-term Debt (other Boyd Notes) (details)
Long-term Debt (other Peninsula Notes) (details)
Long-term Debt (peninsula Bank Credit Facility Narrative) (details)
Long-term Debt (peninsula Senior Notes Narrative) (details)
Long-term Debt (schedule Of Boyd Bank Credit Facility) (details)
Long-term Debt (schedule Of Long-term Debt) (details)
Long-term Debt (tables)
Non-recourse Obligations Of Variable Interest Entity
Non-recourse Obligations Of Variable Interest Entity (schedule Of Non-recourse Obligations) (details)
Non-recourse Obligations Of Variable Interest Entity (tables)
Noncontrolling Interest
Noncontrolling Interest (changes In Noncontrolling Interest) (details)
Noncontrolling Interest (derivatives At Lve) (details)
Noncontrolling Interest (narrative) (details)
Noncontrolling Interest (tables)
Property And Equipment, Net
Property And Equipment, Net (details)
Property And Equipment, Net (tables)
Related Party Transactions
Related Party Transactions (details)
Segment Information
Segment Information (certain Segment Operating Data And Other) (details)
Segment Information (reconciliation Of Assets) (details)
Segment Information (reconciliation Of Capital Expenditures) (details)
Segment Information (tables)
Selected Quarterly Financial Information (unaudited)
Selected Quarterly Financial Information (unaudited) (details)
Selected Quarterly Financial Information (unaudited) (tables)
Stockholders' Equity And Stock Incentive Plans
Stockholders' Equity And Stock Incentive Plans (classification Of Costs) (details)
Stockholders' Equity And Stock Incentive Plans (restricted Stock Units, Performance Stock Units And Career Shares) (details)
Stockholders' Equity And Stock Incentive Plans (share Repurchase Program) (details)
Stockholders' Equity And Stock Incentive Plans (stock Options By Exercise Price Range) (details)
Stockholders' Equity And Stock Incentive Plans (stock Options) (details)
Stockholders' Equity And Stock Incentive Plans (tables)
Subsequent Events
Subsequent Events (details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (accounts Receivable, Net) (details)
Summary Of Significant Accounting Policies (antidilutive Securities) (details)
Summary Of Significant Accounting Policies (consolidation) (details)
Summary Of Significant Accounting Policies (gaming Investments) (details)
Summary Of Significant Accounting Policies (intangible Assets) (details)
Summary Of Significant Accounting Policies (investments) (details)
Summary Of Significant Accounting Policies (noncontrolling Interest) (details)
Summary Of Significant Accounting Policies (organization) (details)
Summary Of Significant Accounting Policies (other) (details)
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (preopening Expenses) (details)
Summary Of Significant Accounting Policies (promotional Allowances) (details)
Summary Of Significant Accounting Policies (property, Plant And Equipment Useful Lives) (details)
Summary Of Significant Accounting Policies (stock Option Valuation Assumptions) (details)
Summary Of Significant Accounting Policies (tables)
Ticker: BYD
CIK: 906553
Form Type: 10-K Annual Report
Accession Number: 0000906553-13-000019
Submitted to the SEC: Mon Mar 18 2013 8:12:00 AM EST
Accepted by the SEC: Mon Mar 18 2013
Period: Monday, December 31, 2012
Industry: Hotels And Motels

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