Boyd Gaming Corporation disclosed that it plans to sell Sam’s Town Shreveport to Bally’s Corporation.
The transaction involves the handing over of the Shreveport property ownership from Boyd Gaming to Bally’s. Neither company has revealed the terms of the transaction.
Sam’s Town Shreveport is a casino facility in Louisiana. The sale is a move away from Boyd Gaming, which is a major player in the gaming and entertainment industry with various locations in the United States.
Boyd Gaming declined to reveal the purchase price or the expected date of the transaction. The company also did not indicate whether regulatory approvals would be required for the sale to go through.
Bally’s Corporation will be the owner of the property after the completion of the transaction. This is in line with its strategy of expanding within the gaming industry. The company has been on a buying spree to add more casino and entertainment venues to its portfolio in various markets.
Boyd Gaming and Bally’s both remained silent regarding the deal’s strategic rationale or the sale’s potential impact on the Shreveport property’s operations.
Soo Kim, Executive Chairman of Bally’s Corporation, said:
As an existing operator in Shreveport, we know this market well and understand what makes it special – from its loyal customer base to its important role in the region’s broader gaming and entertainment landscape. The acquisition of Sam’s Town Shreveport reflects our confidence in the community and our long-term commitment to growing our presence here. We see meaningful opportunities to reinvest in the market and further strengthen Shreveport’s position as a premier destination for gaming and entertainment. We look forward to sharing more about our broader vision and plans for the property and the market in the near future.
Keith Smith, President and Chief Executive Officer of Boyd Gaming, said:
The sale of our Sam’s Town Shreveport property is consistent with our continued focus on refining our operating model and our nationwide property portfolio. Sam’s Town Shreveport has been a part of our Company since 2004, and we appreciate all of the contributions of its team members, past and present, in providing great service to our guests throughout the last two decades.
