Boyd, Atlantic City reach settlement agreement

Published June 11, 2014 4:42pm ET



NEW YORK (AP) — Shares of casino operator Boyd Gaming Corp. climbed Wednesday after a subsidiary won a property tax appeal versus Atlantic City, New Jersey, getting a refund of more than $88 million.

Boyd said in a filing with the Securities and Exchange Commission that the settlement resolves part of the tax appeal complaints filed by subsidiary Marina District Development Co. in connection with assessments on certain properties for the 2011 through 2014 tax years.

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.