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Boyd Gaming Completes Acquisition Of Four Pinnacle Entertainment Assets

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Boyd-Gaming-Completes-Acquisition-Of-Four-Pinnacle-Entertainment-1 Boyd Gaming Completes Acquisition Of Four Pinnacle Entertainment AssetsReading Time: 2 minutes

 

Boyd Gaming Corporation (NYSE: BYD) today announced that it has completed its acquisition of the operations of four properties from Pinnacle Entertainment, Inc.: Ameristar St. Charles (Missouri); Ameristar Kansas City (Missouri); Belterra Casino Resort in Florence, Indiana; and Belterra Park in Cincinnati, Ohio.

As part of the transaction, Boyd Gaming has entered into a master lease agreement with Gaming and Leisure Properties, Inc. (NASDAQ: GLPI), which owns the real estate of Ameristar St. Charles, Ameristar Kansas City and Belterra Casino Resort. Boyd Gaming acquired both the operations and real estate of Belterra Park, utilizing financing from GLPI for the purchase of the Belterra Park real estate assets.

The acquisition follows the Company’s recent purchase of Valley Forge Casino Resort in King of Prussia, Pennsylvania, on September 17.  Boyd Gaming now operates 29 casino properties in 10 states – Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio and Pennsylvania.

“By adding these four high-quality properties, we have significantly expanded our portfolio and enhanced our free cash flow profile at a compelling multiple,” said Keith Smith, President and Chief Executive Officer of Boyd Gaming.  “We have gained a strong presence in three of the Midwest’s largest gaming markets, with access to millions of potential new customers.  We are pleased to welcome the Ameristar and Belterra team members to Boyd Gaming, and look forward to great success together.”

 

About Boyd Gaming:
Founded in 1975, Boyd Gaming Corporation (NYSE: BYD) is a leading geographically diversified operator of 29 gaming entertainment properties in 10 states.  The Company currently operates 1.76 million square feet of casino space, approximately 38,000 gaming machines, 900 table games, more than 11,000 hotel rooms, and 320 food and beverage outlets.  With one of the most experienced leadership teams in the casino industry, Boyd Gaming prides itself on offering its guests an outstanding entertainment experience, delivered with unwavering attention to customer service.

Forward-looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements contain words such as “may,” “will,” “might,” “expect,” “believe,” “anticipate,” “could,” “would,” “estimate,” “continue,” “pursue,” or the negative thereof or comparable terminology, and include (without limitation) statements regarding Boyd Gaming’s significant expansion of its portfolio and its enhanced free cash flow profile at a compelling multiple. These forward-looking statements are based upon the current beliefs and expectations of management and involve certain risks and uncertainties, including (without limitation) risks associated with changes to the financial conditions or the economic conditions in the areas in which Boyd Gaming operates; the fact that Boyd Gaming’s expansion projects are subject to many risks inherent in expansion, development or construction of a new or existing project; competition; litigation; financial community and rating agency perceptions of Boyd Gaming and its subsidiaries; changes in laws and regulations, including increased taxes; the availability and price of energy, weather, regulation, economic, credit and capital market conditions; and the effects of war, terrorist or similar activity. Additional factors are discussed in “Risk Factors” in Boyd Gaming’s annual, periodic and current reports filed from time to time with the Securities and Exchange Commission. All forward-looking statements in this press release are made as of the date hereof, based on information available to Boyd Gaming as of the date hereof, and Boyd Gaming assumes no obligation to update any forward-looking statement.

 

Source: Boyd Gaming Corporation


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George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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NSoft’s DPO among top 5 Data Protection Officers

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GamblingCompliance has announced the official shortlist for the Global Regulatory Awards 2019.  NSoft is proud to announce that Mr. Zlatan Omerspahić, NSoft`s Data Protection Officer (DPO), has been shortlisted in the category: Data Protection Officer or Team of the year.

The nomination complements to all activities Mr. Omerspahić and NSoft, as a company, performed in order to not just be in compliance with the GDPR, but to promote the importance of data integrity and data protection per se.

Zlatan is an acknowledged expert within the legislation field and very fruitful panelist at expert conferences with specific know-how that he gladly shares with other industry professionals. Commenting on the nomination, he said: “This is very exciting! It is a great honor to be nominated for GamblingCompliance´s award and I am very emotional about it. NSoft put trust in me, and all I’ve accomplished in my field of expertise would not be possible without the great support from my colleagues.”

The GamblingCompliance Global Regulatory Awards 2019 will take place at De Vere Grand Connaught Rooms in Central London on May 1st, 2019. This year’s event will host over 400 industry specialist who will celebrate the success of the best ones in 17 award categories.

“This nomination and the awarding ceremony will actually be a wonderful way to celebrate my work anniversary at NSoft which is also on May 1st. I am looking forward to the event,” concluded Mr. Zlatan Omerspahić.

 

To find out more on NSoft contact us at info@nsoft.com or visit NSoft web site and book a meeting.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: NSoft’s DPO among top 5 Data Protection Officers

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Eldorado Resorts and Caesars mull over merger

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US casino operators Eldorado Resorts Inc. and Caesars Entertainment Corp are in the early stages of discussion on a possible merger, according to sources familiar with the matter.

Caesars has recently agreed to allocate billionaire investor Carl Icahn, who has been pushing the company to sell itself, three board seats to his representatives, and a say on the selection of its next chief executive officer.

Caesars is providing some limited confidential financial information to Eldorado, which is carrying out due diligence on the potential combination of the two companies, the sources said.

Eldorado has yet to make a binding offer for Caesars, and there is no certainty any bid will materialise or that a deal will be successfully negotiated, the sources added, asking not to be identified because the matter is confidential.

Caesars and Eldorado have market capitalizations of $5.4 billion and $3.6 billion, respectively. They also had debt piles of $9.1 billion and $3.3 billion, respectively, as of the end of December.

Caesars declined to comment, while Eldorado did not immediately respond to a request for comment.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Eldorado Resorts and Caesars mull over merger

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Betsson signs partnership with CompetitionLabs

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Swedish online betting company Betsson has signed a partnership agreement with CompetitionLabs, a real-time engagement software provider based in the UK. As per the agreement, CompetitionLabs’ tools will power live real-time tournaments and gamification for the Betsson Group.

Julian Steinwender, CompetitionLabs CPO, said this collaboration was one of the software providers most significant. He added: “We are delighted to be powering a whole new approach to engagement with Betsson. Seeing activity going live is really exciting for us and continues our plans for expansion and innovation together.”

Joey Hurtado, Managing Director for the Casino Brands at Betsson Group, said: “The CompetitionLabs platform has given us a powerful and easy to use solution that allows us to provide true real-time engagement and gamification to our customers. Starting with tournaments, we have seen immediate uplift in both customer engagement and GGR. The ability to leverage our whole portfolio of games and their data has enabled a new set of opportunities for innovation and differentiation. This is in line with our strategy of offering our customers with quality products.”

 


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Betsson signs partnership with CompetitionLabs

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