Boyd Gaming expands stable with Pennsylvania’s Valley Forge Casino

Copyright : Vladislav Mitic / 123RF Stock Photo

Boyd Gaming Corporation has completed its $280.5m acquisition of the Valley Forge Casino Resort in King of Prussia, Pennsylvania, as the firm announces the latest expansion to its ever expanding US portfolio.

Taking its operations to 25 casino properties across eight of the nation’s states, namely, Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi and Pennsylvania, the entity, which encapsulates, a 40,000-square foot casino with 600 slot machines and 50 table games, is also set to be boosted further still.

Keith Smith, President and chief executive officer of Boyd Gaming, commented: “Valley Forge represents a key expansion of our nationwide portfolio, giving us the opportunity to serve the vibrant northeast region.  

“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.”

Located around 20 miles west of downtown Philadelphia, Valley Forge represents Boyd’s first property in the Keystone State.

Something David Strow, Boyd’s vice president of corporate communications, addressed when speaking to SBC Americas last month regarding which particular markets hold an appeal for the group: “The number of markets available to us at the moment is limited; currently, only a few states across the US currently allow sports wagering.

“Our ability to offer this product in the 15 states where we have access will depend on what each state’s lawmakers decide to do, but we are obviously monitoring the situation across the country very closely.

“The next near-term opportunity for us could be Pennsylvania, which recently legalised both sports betting and igaming.

“We anticipate entering this state in September, when we are scheduled to complete our acquisition of Valley Forge Casino near Philadelphia.

“Once that acquisition is complete, we will closely evaluate these opportunities in Pennsylvania to see if they make sense for us.”