Under the deal, Boyd will take over privately held Peninsula’s Kansas Star, Diamond Jo, Diamond Jo Worth, Evangeline Downs and Amelia Belle casinos, which are located in Kansas, Iowa and Louisiana. The deal includes $200 million of cash consideration plus about $1.2 billion of assumed debt. Peninsula also will include a roughly $144 million note as part of the deal.

Boyd President and Chief Executive Keith Smith called the deal a “transformative transaction that fits perfectly into our growth strategy” by broadening the regional operator’s scale and bolstering its financial profile.

Boyd, one of Las Vegas’s oldest gambling companies, had posted mostly weaker results in recent quarters as revenue from its other casinos in the South and Midwest–once a source of solid revenue growth–failed to keep up with growing costs.

Its first-quarter results still improved over last year’s pressured bottom line, delivering a stronger-than-expected core profit.

Boyd expects its latest purchase, which is slated to close by the end of this year, to add immediately to its earnings.

Boyd is required to make additional payments in 2016 if a measure of Kansas Star’s earnings tops $105 million in 2015.

Boyd shares closed Wednesday down one cent at $6.98 and were inactive after hours. The stock is off 28% over the past year.

SOURCE: http://www.marketwatch.com/story/boyd-gaming-to-buy-peninsula-gaming-in-145b-deal-2012-05-16

Today’s CGAQ press release brought significant volume to the stock, the question is….is the buying warranted? Was this press release bona-fide? Would you want to be holding shares of this stock going forward

Original post:
CGAQ – Believe The Company Inspired Hype?

Cascadia Investments Inc. (PINK:CDIV)

Trying out Cascadia’s Adoptme turned out to be disappointing, as the game is still far behind all interactive, visually appealing flash games from Zynga, CrowdStar and others, which had better products even at startup. Cascadia’s CEO has said they will be issuing more games in the near future. Hopefully, the new products will be better integrated and more visually appealing. Congrats to the company for making a deal with facebook though.[BANNER]

Still, this business is just at startup – Cascadia doesn’t have a game development team fully built yet, which is probably the reason behind the slow development of their Adoptme version on facebook. Counting future profits the company will be splitting them with Impulse Communications, Inc. – the creators of original Adoptme game.

Whatever business perspective they have seems to drive traders really crazy. If you look at the stock price – it shot up when they started deceloping CustomFlashGames.com. The social gaming business holds massive potential, but the company also has to harvest it. Getting stuff on Facebook is just the first step; we will need to see if their game ideas really work in the shade of already massively played Petville, Farmville, Fishville and other hits.

Cascadia also holds several social communication and services directed websites – tinytwirp.com, ticktweet.com, PharmADs.com, NameRingers.com, MyPersonalRingtone.com, Santaclausgrams.com, Religiousgrams.com, Audiopickups.com. None of them are fully developed and at this point the company already seems quite fragmented. Their pure potential is in facebook games as all these Twitter clones and ringtone sites seem quite useless at the moment.

See the original post: