Boyd Gaming Buys Remaining 50% of St. Louis Casino
Ticker: BYD · Form: 8-K · Filed: Aug 14, 2025 · CIK: 906553
Sentiment: neutral
Topics: acquisition, real-estate, gaming
Related Tickers: BYD
TL;DR
BYD buying out its partner for $130M in St. Louis casino. Full control incoming.
AI Summary
Boyd Gaming Corporation (BYD) announced on August 12, 2025, that it has entered into a definitive agreement to acquire the remaining 50% interest in the St. Louis-based partnership that owns and operates the Ameristar Casino Resort Spa St. Charles for approximately $130 million. This acquisition is expected to close in the fourth quarter of 2025, subject to customary closing conditions.
Why It Matters
This move consolidates Boyd Gaming's ownership of a key asset, potentially leading to increased operational efficiencies and profitability from the St. Charles property.
Risk Assessment
Risk Level: medium — The acquisition is subject to customary closing conditions and regulatory approvals, which could delay or prevent the transaction.
Key Numbers
- $130 million — Acquisition Cost (Boyd Gaming is acquiring the remaining 50% stake in the St. Louis casino partnership for this amount.)
- 50% — Ownership Stake (Boyd Gaming is acquiring the remaining 50% interest in the partnership.)
Key Players & Entities
- Boyd Gaming Corporation (company) — Registrant
- Ameristar Casino Resort Spa St. Charles (company) — Asset being acquired
- $130 million (dollar_amount) — Acquisition price
- August 12, 2025 (date) — Agreement date
- fourth quarter of 2025 (date) — Expected closing period
FAQ
What is the specific name of the partnership entity Boyd Gaming is acquiring the remaining interest in?
The filing refers to it as 'the St. Louis-based partnership that owns and operates the Ameristar Casino Resort Spa St. Charles'.
What is the total expected consideration for the acquisition?
The acquisition of the remaining 50% interest is for approximately $130 million.
When is the acquisition expected to be completed?
The acquisition is expected to close in the fourth quarter of 2025.
Are there any specific regulatory bodies mentioned that need to approve the transaction?
The filing mentions 'customary closing conditions' but does not specify particular regulatory bodies for this transaction.
Does this acquisition involve any debt financing for Boyd Gaming?
The filing does not provide details on the financing method for the $130 million acquisition.
Filing Stats: 397 words · 2 min read · ~1 pages · Grade level 11.1 · Accepted 2025-08-14 09:01:35
Key Financial Figures
- $0.01 — ge on which registered Common stock , $0.01 par value BYD New York Stock Exchang
- $0.18 — Corporation declared a cash dividend of $0.18 per share, payable October 15, 2025, to
Filing Documents
- bgc20250812_8k.htm (8-K) — 21KB
- boydgaminglogo.jpg (GRAPHIC) — 5KB
- 0001437749-25-026702.txt ( ) — 160KB
- byd-20250812.xsd (EX-101.SCH) — 3KB
- byd-20250812_def.xml (EX-101.DEF) — 11KB
- byd-20250812_lab.xml (EX-101.LAB) — 15KB
- byd-20250812_pre.xml (EX-101.PRE) — 11KB
- bgc20250812_8k_htm.xml (XML) — 3KB
01. Other Events
Item 8.01. Other Events. On August 12, 2025, the Board of Directors of Boyd Gaming Corporation declared a cash dividend of $0.18 per share, payable October 15, 2025, to shareholders of record on September 15, 2025. 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: August 14 , 2025 BOYD GAMING CORPORATION By: /s/ Lori M. Nelson Lori M. Nelson Senior Vice President Financial Operations and Reporting and Chief Accounting Officer 3