On December 20, 2016, Boyd issued a press release announcing the
closing of the Acquisitions (defined below). The press release is
attached hereto as Exhibit 99.1 and is incorporated herein in its
entirety by reference.

Item 8.01. Other Events

On December 20, 2016, Boyd Gaming Corporation (Boyd) completed
its previously announced acquisitions of The Cannery Hotel and
Casino, LLC (Cannery), the owner and operator of Cannery Casino
Hotel, and Nevada Palace, LLC (Eastside), the owner and operator
of Eastside Cannery Casino and Hotel, comprising the Las Vegas
assets of Cannery Casino Resorts, LLC (Seller), to a Membership
Interest Purchase Agreement (the Purchase Agreement) dated as of
April 25, 2016, as amended on October 28, 2016, by and among
Boyd, Seller, Cannery and Eastside.

to the terms of the Purchase Agreement, Boyd acquired from Seller
all of the issued and outstanding membership interests of Cannery
and Eastside (the Acquisitions). With the closing of the
Acquisitions, each of Cannery and Eastside became wholly-owned
subsidiaries of Boyd. Boyd acquired Cannery and Eastside for $230
million in cash, adjusted for working capital and cash(for total
estimated net cash consideration of $238.6 million). To satisfy
the indemnification obligations of Seller, $20 million of the
total cash consideration was placed in escrow at the closing.

The foregoing description of the Purchase Agreement does not
purport to be complete and is qualified in its entirety by
reference to the full text of the Purchase Agreement, a copy of
which is filed as Exhibit 2.2 to Boyds Quarterly Report on Form
10-Q filed August 8, 2016, together with the amendment to the
Purchase Agreement, a copy of which is filed as Exhibit 10.1 to
Boyds Current Report on Form 8-K filed November 3, 2016, each of
which are incorporated herein in their entirety by reference.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits