Boyd Gaming to acquire Valley Forge Casino resort

Valley Forge Casino Resort currently has over 500 hotel rooms, eight restaurants and bars and a 40,000-square-foot casino with 600 slot machines and 50 table games. It has more than 100,000 square feet of meeting, convention and exhibit space and is located 20 miles west of Philadelphia.

Following the passage of gaming expansion legislation by the state last month, Valley Forge eliminated its customer admission fee, announcing plans to add a further 250 slot machines in early 2018. The deal is expected to complete during the third quarter of 2018.

This will be Boyd’s first casino purchase in Pennsylvania, and follows the announcement that the company would also purchase the Ameristar Kansas City and Ameristar St. Charles in Missouri; Belterra Casino Resort in Indiana; and Belterra Park in Ohio from Pinnacle Entertainment for a combined fee of $575m earlier this week.

In a statement announcing the acquisition, Keith Smith, President and CEO of Boyd Gaming said: “With the successful completion of our acquisitions of Valley Forge and the Pinnacle assets, Boyd Gaming will gain direct access to four of the nation’s largest gaming markets – Philadelphia, St. Louis, Kansas City and Cincinnati – with a combined population of nearly 10 million adults.

“We will expand our nationwide presence, operating 29 properties across 10 states. We believe this expansion will help drive additional growth throughout our nationwide portfolio, as we market our destination properties to these new customers in the Midwest and Northeast.”

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Robert Simmons

Gambling Writer

Robert Simmons served as a writer for Gambling Insider, where he was an active contributor from 2017 until 2018. Throughout his tenure, Robert executed in-depth market research and wrote over 500 news and press-release articles covering the global gambling industry under strict editorial standards and tight deadlines. He contributed editorial support to the production of five 100+ page Gambling Insider magazines, eight 25+ page Trafficology magazines, and five 25+ page special print focus editions. In addition, he produced 30 in-depth feature articles for print, secured over 30 contributions from external writers, and built long-standing professional relationships with industry stakeholders across all levels of the gambling sector.

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