× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine
GGA 2020 AffiliateCon
NEWS 21 December 2017

Boyd Gaming to acquire Valley Forge Casino resort

By Robert Simmons
US-based Boyd Gaming Corporation has today announced it has entered into an agreement to acquire the Valley Forge Casino Resort in King of Prussia, Pennsylvania, for a fee of $280.5m.

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."

RELATED TAGS: Land-Based | Industry | Mergers & Acquisitions | Financial | Casino
IN-DEPTH 18 February 2020
A decade to remember

1xPartners is the innovative and exciting affiliate program offered by 1xBet, one of the world's leading sportsbooks and casinos. Offering ...
PR and Marketing
ActiveWin has ripped up the rulebook on the traditional agency prototype. Our model is based on performance - as you ...
Systems and Software
BetConstruct is a global award-winning technology and services provider for online and land-based gaming industry. BetConstruct's innovative and proven offerings ...
Systems and Software
The Leading iGaming Software Supplier in Asia
Digital Isle of Man
Legal and Jurisdictions
Digital Isle of Man is responsible for the thriving Digital sector in the Isle of Man, spanning the Island's international ...
Systems and Software
We have partnered up with deVRealm in a joint venture for the development of new gambling technology platforms. The primary ...
Global Gaming Awards
Industry Awards
The Global Gaming Awards London recognise the most innovative companies and individuals of the gaming world. The Awards are powered ...
Systems and Software
NSoft is an award - winning internationally recognized software solutions provider for betting industry. The company has more than 200 employees ...
Newgioco Group
Systems and Software
Newgioco Group, Inc. (OTCQB:NWGI) is a premier leisure betting technology company providing regulated online and land-based gaming and sports ...
Zimpler provides a complete In and Out payment solution for online services. That means we take care of identifying the ...