Citing the economic downturn, Boyd Gaming announced that it won’t resume construction on the $5 billion Echelon resort in Las Vegas for three to five years. Work on the project has been dormant for more than a year. The company has a $2 billion credit revolver slated for Echelon that will now go toward acquisitions, according to the Las Vegas Review-Journal. In fact, Boyd has hinted at making another bid for the bankrupt Station Casinos and buying up distressed assets. Boyd Gaming’s Q3 net income dropped 27 percent, with revenue falling 6.6 percent.
