{"id":207031,"date":"2022-03-28T19:11:56","date_gmt":"2022-03-29T02:11:56","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=207031"},"modified":"2022-03-29T12:45:02","modified_gmt":"2022-03-29T19:45:02","slug":"boyd-gaming-shelling-out-170-million-for-pala-interactive","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/boyd-gaming-shelling-out-170-million-for-pala-interactive\/","title":{"rendered":"Boyd Gaming Paying $170M to Acquire Pala Interactive"},"content":{"rendered":"

Boyd Gaming (NYSE:BYD) said today its Boyd Gaming Interactive unit is paying $170 million in cash to acquire Pala Interactive from California\u2019s Pala Band of Mission Indians.<\/p>\n

\"Pala
Pala Casino in California. The tribal owner is selling its Pala Interactive unit to Boyd Gaming for $170 million in cash. (Image: San Diego Union-Tribune<\/em>)<\/figcaption><\/figure>\n

Pala Interactive includes business-to-business (B2B) and business-to-consumer (B2C) platforms. News of the purchase comes soon after Pala Interactive landed its Ontario Gaming Related Supplier (GRS) Manufacturer License. The company provides B2B services in eight states and Canada, while its consumer offerings are available in Canada and New Jersey.<\/p>\n

For Las Vegas-based Boyd, the deal brings in added technology<\/a>\u00a0 — a coveted trait in the iGaming space these days.<\/p>\n

The acquisition of Pala Interactive marks the next phase in the ongoing execution of our iGaming strategy, providing us full control over the technology, development and customer experience,\u201d<\/strong> said Boyd CEO Keith Smith in a statement.<\/p><\/blockquote>\n

Boyd is financing the purchase, which is slated to close in the first quarter of 2023, with cash on hand and capital from an existing credit facility.<\/p>\n

Benefits for Boyd<\/h2>\n

Boyd currently leverages its iconic Stardust brand for its social casino, through which members of its B Connected loyalty program can earn rewards points.<\/p>\n

\n

Through the purchase of Pala Interactive, the buyer gets online casino technology, an experienced management team, and managed services for customer support, fraud issues, and payments. Additionally, Boyd is gaining technology relevant to the operation of real money and social casino operations and player account management, as well as an in-house games studio.<\/p>\n<\/div>\n

\u201cBy 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, driving growth in both our land-based and iGaming operations,\u201d adds Smith.<\/p>\n

More casino operators are looking to leverage online platforms<\/a>, because data confirm devoted users of internet offerings eventually make their way to, and spend at, land-based gaming venues.<\/p>\n

The regional casino firm runs 28 gaming venues across 10 states, including 11 in its home city. It currently offers live money online casinos in New Jersey and Pennsylvania.<\/strong><\/p>\n

EBITDA Boost, No FanDuel Interference<\/h2>\n

In a presentation to investors, Boyd notes Pala Interactive generated $5 million in earnings before interest, taxes, depreciation and amortization (EBITDA) last year — a figure that\u2019s on pace to increase in 2022.<\/p>\n

The buyer also points out that the acquired entity\u2019s client roster includes Gamesys, Kindred, Unibet, and the World Poker Tour, among others.<\/strong><\/p>\n

Boyd adds that the acquisition of Pala Interactive has no bearing on its five percent stake in FanDuel<\/a>, which serves as the casino operator\u2019s primary exposure to sports wagering outside of its home state.<\/p>\n","protected":false},"excerpt":{"rendered":"

Boyd Gaming (NYSE:BYD) said today its Boyd Gaming Interactive unit is paying $170 million in cash to acquire Pala Interactive from California\u2019s Pala Band of Mission Indians. Pala Interactive includes business-to-business (B2B) and business-to-consumer (B2C) platforms. News of the purchase comes soon after Pala Interactive landed its Ontario Gaming Related Supplier (GRS) Manufacturer License. The […]<\/p>\n","protected":false},"author":46,"featured_media":207032,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33810,19],"tags":[],"acf":[],"yoast_head":"\nBoyd Gaming Shelling Out $170 Million For Pala Interactive<\/title>\n<meta name=\"description\" content=\"Boyd Gaming boosts iGaming exposure in $170 million purchase of Pala Interactive.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/boyd-gaming-shelling-out-170-million-for-pala-interactive\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Boyd Gaming Shelling Out $170 Million For Pala Interactive\" \/>\n<meta property=\"og:description\" content=\"Boyd Gaming boosts iGaming exposure in $170 million purchase of Pala Interactive.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/boyd-gaming-shelling-out-170-million-for-pala-interactive\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-29T02:11:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-29T19:45:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/pala.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1486\" \/>\n\t<meta property=\"og:image:height\" content=\"836\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/boyd-gaming-shelling-out-170-million-for-pala-interactive\/\",\"url\":\"https:\/\/www.casino.org\/news\/boyd-gaming-shelling-out-170-million-for-pala-interactive\/\",\"name\":\"Boyd Gaming Shelling Out $170 Million For Pala Interactive\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/boyd-gaming-shelling-out-170-million-for-pala-interactive\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/boyd-gaming-shelling-out-170-million-for-pala-interactive\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/pala.jpg\",\"datePublished\":\"2022-03-29T02:11:56+00:00\",\"dateModified\":\"2022-03-29T19:45:02+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Boyd Gaming boosts iGaming exposure in $170 million purchase of Pala Interactive.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/boyd-gaming-shelling-out-170-million-for-pala-interactive\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/boyd-gaming-shelling-out-170-million-for-pala-interactive\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/boyd-gaming-shelling-out-170-million-for-pala-interactive\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/pala.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/pala.jpg\",\"width\":1486,\"height\":836,\"caption\":\"Pala Casino in California. 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