![]() ![]() As a result, the bankers asked for Bill to personally guarantee the loan. In 1985, First Interstate Bank helped arrange the $165 million loan, but needed to partner with other banks to help finance it. The attorney for the Stardust ownership later asked if the Boyd Group would be interested in purchasing both the Stardust and the Fremont as part of a packaged deal. The Boyd Group agreed, and supervised Stardust casino operations for 16 months. In 1983, the Nevada Gaming Control Board asked the Boyd Group, as the Company was known at the time, if it would supervise casino operations at the Stardust due to concerns about skimming from the property’s ownership. Boyd Gaming assumed control of the property in 1985 when the Company purchased the Fremont and its sister property, the Stardust, for $165 million.Īt the celebration, a crowd gathered at the Fremont’s Filament bar to hear Bill Boyd, Executive Chairman of Boyd Gaming, tell the story of how the Company acquired the Fremont more than 30 years ago. ![]() The legendary property, which opened its doors on May 18, 1956, was one of the first high-rise hotels ever built in Las Vegas. Boyd Gaming executives, team members, customers, and members of the Las Vegas community came together to celebrate the Fremont’s 60th anniversary on May 18. ![]()
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