Boyd Gaming Commences Exchange Offer For 9% Senior Notes Due 2020

Boyd Gaming Corporation

announced today that it has commenced an exchange offer for eligible holders to exchange any and all of the company's outstanding 9% Senior Notes due 2020 (the "unregistered notes") that were originally issued on June 8, 2012 in a transaction exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"), in an aggregate principal amount of $350 million. Eligible holders of the unregistered notes may exchange them for an equal principal amount of the company's 9% Senior Notes due 2020 which have been registered under the Securities Act (the "registered notes"). The terms of the registered notes are substantially identical to the unregistered notes, except for transfer restrictions and registration rights relating to the unregistered notes. The exchange offer will expire at 5:00 p.m., New York City time, on May 24, 2013, unless extended or terminated in accordance with its terms. Exchanges of the unregistered notes for registered notes must be made in accordance with the terms of the exchange offer before the exchange offer expires and may be withdrawn at any time before the exchange offer expires. The completion of the exchange offer, and participation in the exchange offer by eligible holders, are each subject to the terms and conditions set forth in the prospectus and transmittal materials for the exchange offer. Documents describing the terms of the exchange offer, including the prospectus and transmittal materials for making exchanges, can be obtained from the exchange agent addressed as follows: U.S. Bank National Association 60 Livingston Avenue St. Paul, Minnesota 55107 Attention: Specialized Finance By Facsimile Transmission: (651) 466-7372 This press release is for informational purposes only and shall not constitute an offer to exchange, nor a solicitation of an offer to exchange, any securities. The exchange offer is being made only pursuant to a prospectus for the exchange offer, dated April 19, 2013, and related letter of transmittal, which were filed with the United States Securities and Exchange Commission.