BOYD GETS OKAY FOR DELTA DOWNS

May 16, 2001 7:37 PM
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Boyd Gaming on Monday received approval from state regulators to operate Delta Downs racetrack in Vinton. On Tuesday, regulators rejected a request by Isle of Capri Casinos to block the sale.

Boyd, which owns 11 casinos including the Treasure Chest in Kenner, wants the track because of its potential for slot machines. Delta Downs is 22 miles closer to the Texas state line and the lucrative Texas gambling market.

Isle of Capri, which owns two riverboats in nearby Lake Charles, said it made a higher bid than Boyd Gaming, but somehow lost out. President Jack Gallagher vowed to continue fighting the transaction.