![]() Charles and Ameristar Kansas City and of Belterrra Casino Resort. The deal’s completion comes less than a month after Boyd completed the purchase of Valley Forge Casino Resort in King of Prussia, Pennsylvania.Ĭommenting on the closure of its latest acquisition deal, Boyd President and CEO Keith Smith said that it has expanded their portfolio significantly and has enhanced their free cash flow profile at a “compelling multiple.” The executive also pointed out that the addition of the four properties has gained them access to three of the largest gaming markets in the Midwest.Īs part of the deal, Boyd has entered into a master lease agreement with casino REIT Gaming and Leisure Properties, which is the owner of the Ameristar St. Including the four above-mentioned casinos, the company now operates 29 properties. The deal has resulted in Boyd expanding its US presence across 10 states, with those being Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nevada, Ohio, and Pennsylvania. Charles and Ameristar Kansas City in Missouri, Belterra Casino Resort in Florence, Indiana, and Belterra Park in Cincinnati, Ohio to its portfolio of venues. Major gaming company Boyd Gaming Corporation announced today that it has completed the purchase of four casino properties from rival Pinnacle Entertainment for the approximate amount of $563.5 million in cash. Boyd completes purchase of four Pinnacle casinos to pave the way for the closure of Penn National’s $2.8-billion acquisition of Pinnacle ![]()
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