Seeking Alpha

Boyd Gaming settles with Atlantic City over tax credits

  • Boyd Gaming (BYD +4.9%) trades higher after the company reaches a settlement with the city of Atlantic City over tax credits.
  • The company will receive a tax refund of $88.25M for tax years 2011-2013 and a credit of $17.85M for this year.
  • SEC Form 8-K
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Comments (1)
  • Shaggieman
    , contributor
    Comments (584) | Send Message
     
    Hope this doesn't cause an Atlantic City default. These funds must surely be used to fund the police, fire and schools. One by one all the big cities are failing. Sure to be appealed but great news for BYD stock.
    11 Jun 2014, 11:44 AM Reply Like
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