Boyd Gaming Acquires Full Control of St. Louis & Ohio Properties

TL;DR

BYD just bought out its partner for $100M, now owns 100% of St. Charles and Belterra Park.

AI Summary

Boyd Gaming Corporation (BYD) announced the completion of its acquisition of the remaining 50% interest in the St. Louis-based partnership that owns the Ameristar Casino Resort Spa St. Charles and the Belterra Park Gaming & Entertainment Center. The transaction, which closed on July 31, 2025, involved a cash payment of $100 million to the minority partner. This acquisition consolidates Boyd Gaming's ownership of these key assets.

Why It Matters

This move consolidates Boyd Gaming's ownership of significant casino assets, potentially leading to greater operational efficiencies and strategic flexibility in the St. Louis and Ohio markets.

Risk Assessment

Risk Level: low — The acquisition is a straightforward consolidation of existing assets with a known cash payment, posing minimal new risk.

Key Numbers

• $100.0M — Acquisition Cost (Cash paid to acquire the remaining 50% interest in the St. Louis partnership.)
• 50% — Acquired Stake (Percentage of interest acquired in the partnership owning Ameristar Casino Resort Spa St. Charles and Belterra Park.)

Key Players & Entities

• Boyd Gaming Corporation (company) — Acquiring entity
• Ameristar Casino Resort Spa St. Charles (company) — Acquired asset
• Belterra Park Gaming & Entertainment Center (company) — Acquired asset
• $100 million (dollar_amount) — Cash payment for acquisition
• July 31, 2025 (date) — Closing date of the transaction

FAQ

From the Filing

0001437749-25-024042.txt : 20250731 0001437749-25-024042.hdr.sgml : 20250731 20250731090738 ACCESSION NUMBER: 0001437749-25-024042 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20250731 ITEM INFORMATION: Completion of Acquisition or Disposition of Assets ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250731 DATE AS OF CHANGE: 20250731 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BOYD GAMING CORP CENTRAL INDEX KEY: 0000906553 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction EIN: 880242733 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12882 FILM NUMBER: 251169695 BUSINESS ADDRESS: STREET 1: 6465 SOUTH RAINBOW BOULEVARD CITY: LAS VEGAS STATE: NV ZIP: 89118 BUSINESS PHONE: 7027927200 MAIL ADDRESS: STREET 1: 6465 SOUTH RAINBOW BOULEVARD CITY: LAS VEGAS STATE: NV ZIP: 89118 FORMER COMPANY: FORMER CONFORMED NAME: BOYD GROUP DATE OF NAME CHANGE: 19941130 8-K 1 bgc20250730_8k.htm FORM 8-K bgc20250730_8k.htm false 0000906553 0000906553 2025-07-31 2025-07-31     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of Report (date of earliest event reported): July 31, 2025       Boyd Gaming Corporation (Exact Name of Registrant as Specified in its Charter)     Nevada 001-12882 88-0242733 (State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification Number)   6465 South Rainbow Boulevard Las Vegas , Nevada 89118 (Address of Principal Executive Offices, Including Zip Code)   ( 702 ) 792-7200 (Registrant ’ s Telephone Number, Including Area Code)   (Former Name or Former Address, if Changed Since Last Report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:     ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)     ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)     ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))     ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Exchange Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common stock , $0.01 par value   BYD   New York Stock Exchange   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company  ☐   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐           Item   2.01. Completion of Acquisition or Disposition of Assets.   On July 31, 2025, Boyd Interactive Gaming Holdings, L.L.C. (“Boyd Interactive”), a wholly-owned subsidiary of Boyd Gaming Corporation (“Boyd Gaming”), completed the previously announced sale of its 5% equity interest (the “Equity Interest”) in FanDuel Group Parent, LLC (“FanDuel”) to TSE Holdings Ltd. (“Parent”), pursuant to that certain Eq