Boyd Gaming to purchase Pala Interactive for $170 million

Boyd Gaming to purchase Pala Interactive for $170 million

The casino operator sees a bright future for the online gaming segment

Through recent statements by US casino operator Boyd Gaming Corporation, a signing of an agreement has been disclosed whereby its subordinate Boyd Interactive Gaming Incorporated plans to pay approximately $170 million to acquire 100% of the rights to Pala Interactive LLC, the iGaming platform provider. Acquisitions in the casino industry continue unabated, and 2022 has already seen several major transactions.

Through an official press release earlier this week, the Las Vegas-based firm stated that the transaction is expected to close in the first quarter of next year. As usual, the closing of this deal will be subject to the various regulatory approvals required. The financing will be processed through a combination of available cash and the company’s existing credit agreement.

To date, there are a total of 28 land-based gaming properties operating under the Boyd Gaming Corporation umbrella, which are spread across ten states. The Nevada firm has made it clear that this recent purchase will continue to promote its “iGaming strategy” as it grants it access to a variety of social online gaming solutions currently used by operators in Canada and the US.

Keith Smith, who serves as CEO and president of Boyd Gaming Corporation, commented, “The acquisition of Pala Interactive LLC marks the next phase in the ongoing execution of our iGaming strategy, providing us full control over the technology, development, and customer experience. By integrating online casinos with our existing land-based operations, we will be able to further leverage and monetize our expansive customer database and the amenities of our nationwide portfolio of properties to drive growth in both our land-based and iGaming operations.”

With nearly a decade of establishment, Pala Interactive currently provides B2B services to iGaming related operators in eight states. The company, headquartered in Pala, San Diego, also offers an integrated online sports betting platform that includes a portfolio of tools focused on marketing support.

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