Boyd Purchase Four Pinnacle Casinos; Penn National Does $2. 8-Billion Pinnacle Exchange
Boyd completes getting four Top casinos for you to pave the best way for the finish of Penn National’s $2. 8-billion purchase of Pinnacle
Leading gaming organization Boyd Video gaming Corporation launched today that this has achieved the purchase of four betting house properties via rival Apex Entertainment for that approximate quantity of $563. 5 million for cash. Boyd has now added Ameristar St. Charles and also Ameristar Kansas City in Missouri, Belterra Gambling establishment Resort in Florence, In, and Belterra Park for Cincinnati, Iowa to the portfolio regarding venues.
The deal has generated Boyd raising its YOU presence across 10 expresses , together with those being Illinois, Indy, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nevazon, Ohio, and Pennsylvania. Along with the four above casinos, the corporation now performs 29 properties.
The deal’s completion comes less than a 30 days after Boyd completed often the purchase of Vale Forge Betting house Resort for King for Prussia, Pa.
Commenting on the closure involving its newest acquisition cope, Boyd Us president and TOP DOG Keith Jackson said that these have expanded their portfolio truly and has improved their 100 % free cash flow report at a ‘compelling multiple. ‘ The exec also noticed that the addition of the actual four homes has acquired them access to three on the largest game playing markets on the Midwest. Read More