Clicky

Boyd Gaming Completes Valley Forge Casino Acquisition Deal - PennsylvaniaCasinos.com News : PennsylvaniaCasinos.com News
  • 65 views
  • 3 minutes read
boydgaming
Published on
Update on

Boyd Gaming recently completed its acquisition of Valley Forge Casino Resort, nearly nine months after it officially begun the process. With the newly acquired property, Boyd which was founded in 1975 now boasts of 25 casino properties across eight states: Pennsylvania, Nevada, Louisiana, Indiana, Illinois, Iowa, Mississippi, and Kansas.

Valley Forge Casino Resorts, an operation that is located 20 miles downtown of Philadelphia, is the first Boyd Gaming property in the Keystone State and its acquisition reportedly cost Boyd a whopping $280 million.

“Valley Forge represents a key expansion of our nationwide portfolio, giving us the opportunity to serve the vibrant Northeast region,” said Keith Smith, President and Chief Executive Officer of Boyd Gaming, in a statement. “This is a moment of significant opportunity for Pennsylvania’s gaming industry, and we look forward to exploring future growth initiatives at this property. We will move forward quickly with the addition of 250 slot machines to the property’s casino floor and closely examine the opportunity to offer both online gaming and sports wagering through our partnership with FanDuel Group. We see attractive growth potential at Valley Forge, and are pleased to welcome the entire Valley Forge team to Boyd Gaming.”

Since the acquisition was set in motion in December last year, Boyd Gaming has been very busy inking other deals, something that the company is hoping will allow it to “further grow and diversify” their portfolio in the United States.

“With this acquisition we will expand into the second-largest gaming state in the country, establishing a presence in a densely populated, high-traffic area just west of Philadelphia,” Smith said during the announcement of the Valley Forge Casino acquisition deal.

Is a Sports Betting Offering in the Works?

As it stands, Valley Forge Casino Resort is yet to apply for the Pennsylvania Gaming Control Board’s sports betting licenses. However, it is possible that the casino may offer some form of sports betting thanks to the recent partnership between Boyd Gaming and the FanDuel Group – this essentially opens up the doors for a possible FanDuel Sportsbook in Pennsylvania.

Pennsylvania Casino Revenue Up 2.8 Percent in August

Still, on Pennsylvania, the gaming control board reports that while gross revenue from table game gambling in the state’s casinos took a bit of a hit last month, the total game revenue was up 2.8 percent when compared to the same period last year.

Table games revenue stood at $73,281,370 this year, a decrease of 1.3 percent over the August 2017 when it stood at $74,269,815. The total table game tax revenue in August stood at about $11,774,000 with an average of 1,275 operating in the state daily. More info on the revenue figures can be found on the PGCB website.

Latest Headliness

Pennsylvanian Court Ends Halt to Seizure of ‘Skill Games’ by State Police

Last Tuesday, Commonwealth Court Judge Ellen Ceisler delivered a ruling on a request that was filed by Pace-O-Matic. The company, which is known for designing and assembling gaming machines under the Pennsylvania Skill brand, sought to have an injunction against the seizure of their machines extended. There has been a tug of war between Pace-O-Matic […]

Penn National in Advanced Talks to Acquire Barstool Sports

Over the past year or so, there have been several instances where gambling companies have joined forces with sports media companies. The goal of these partnerships has been to ensure that the stakeholders are able to grow their presence in the country’s sports betting market. These partnerships majorly foster the growth and retention of audiences […]

More Highlights of Pa.’s Gambling Industry

It has just been a little over a fortnight since the new year began and already a lot has happened in the Keystone State’s gambling industry. Needless to say, much of this was expected especially considering the meteoric growth of the sector over the past year and the big promises that gaming operators gave to […]

Evolution’s Live Games Coming to Parx Casino in Pa. and NJ

Greenwood Racing Inc.-owned Parx Casino has been very busy extending its portfolio as it kicks off the new year. Recently, it integrated exclusive gaming content from Everi. As it turns out, that was just the beginning. Last week, the gaming operator announced that it has partnered with Live Casino supplier Evolution Gaming. The two intend […]

Parx Casino Integrates Exclusive Gaming Content from Everi

Parx Online, Parx Casino’s online gambling operation has recently added five stepper titles for real money online gambling to its portfolio. The five titles which are meant to further improve the gaming operator’s standing in the Keystone State are from Everi Holdings. If you are not familiar with Everi Holdings it is one of the […]

Similar Stories in Gambling

Penn National in Advanced Talks to Acquire Barstool Sports

Over the past year or so, there have been several instances where gambling companies have joined forces with sports media companies. The goal of these partnerships has been to ensure that the stakeholders are able to grow their presence in the country’s sports betting market. These partnerships majorly foster the growth and retention of audiences […]

More Highlights of Pa.’s Gambling Industry

It has just been a little over a fortnight since the new year began and already a lot has happened in the Keystone State’s gambling industry. Needless to say, much of this was expected especially considering the meteoric growth of the sector over the past year and the big promises that gaming operators gave to […]

Pennsylvania ‘Skill Games’ Still on the Spotlight

Earlier this month, “game of skill machines” which are classified under the “Pennsylvania Skill” brand were subject to lots of drama. These gaming machines which are very similar to slot machines have been on the receiving end of a number of rather controversial decisions with a number of police raids being organized and court orders […]

BetAmerica Online Sportsbook Goes Live in Pennsylvania

Following a massively successful three-day soft launch period, Churchill Downs Inc.’s BetAmerica online sportsbook officially made its debut in the Keystone State’s lucrative and rapidly growing sports betting market. The sportsbook went live last Wednesday and is now the eighth online sportsbook operator in the state. While this is the first time BetAmerica is venturing […]