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Canadian Oil Sands Limited and Boyd Gaming Reports: (OTC:COSWF), (NYSE:BYD)


New York, NY -- (ReleaseWire) -- 04/25/2013 --Canadian Oil Sands Limited (OTC:COSWF) will hold its Annual and Special Meeting of Shareholders on Tuesday, April 30, 2013 at 2:30 p.m. (MDT) in the Ballroom of the Metropolitan Conference Centre, located at 333 Fourth Avenue SW, Calgary, Alberta.

COSWF first quarter 2013 results are scheduled to be released after market close the same day.

Canadian Oil Sands is a pure investment opportunity in light, sweet crude oil. Through our 36.74% interest in the Syncrude project, we offer a solid, robust production stream of fully upgraded crude oil, exposure to future crude oil prices, potential growth through high-quality oil sands leases and an attractive dividend.

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Boyd Gaming Corp. (NYSE:BYD) reported net revenues of $737.0 million, an increase of 16.4% from $633.1 million during the same quarter in 2012. Total Adjusted EBITDA increased 22.2% to $163.5 million, compared to $133.8 million in the year-ago quarter. Results reflect the addition of the operations of Peninsula Gaming, LLC, acquired by the Company on November 20, 2012.

Boyd Gaming's wholly-owned business reported first-quarter 2013 net revenues of $569.9 million, up 25.1% from $455.5 million in the year-ago period. Wholly-owned Adjusted EBITDA was $135.1 million, an increase of 42.3% from $94.9 million in the first quarter of 2012. Borgata, the Company's 50% joint venture, reported first-quarter 2013 net revenues of $165.6 million, compared to $176.2 million in the year-ago period, while Adjusted EBITDA was $28.4 million, down from $38.9 million in the first quarter of 2012.

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