Boyd Gaming Corp. has made a $950 million offer to acquire a significant portion of locals gaming rival Station Casinos, the company announced Monday in a filing with the Securities and Exchange Commission.

Boyd Gaming currently operates nine casinos in Las Vegas and Henderson. Under the proposed deal, Boyd Gaming would acquire the bulk of Station Casinos’ 18 Southern Nevada properties, including Green Valley Ranch Resort, the recently opened Aliante Station, Santa Fe Station, Texas Station, Wild Wild West, the two Fiesta properties in Henderson and North Las Vegas, and several smaller nonhotel gaming businesses, such as the Wildfire.

Station Casinos would retain ownership of the Red Rock Resort, Palace Station, Boulder Station, Sunset Station and 356 acres of undeveloped land the company controls in the Las Vegas Valley. Those four casinos have almost $2.5 billion in debt tied to them, according to a Station Casinos’ filing with the SEC last August.

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