In a groundbreaking move that is set to shake up the digital gaming industry, Boyd Gaming Corp. has announced the acquisition of several New Jersey Resorts Digital properties from MGM Resorts International. The deal, worth an estimated $100 million, will see Boyd Gaming take possession of several key digital assets, including the prestigious BetMGM online gaming platform.
This acquisition marks a significant shift in the landscape of online gaming in New Jersey, as Boyd Gaming looks to cement its position as a major player in the digital gaming market. The move is also seen as a strategic move by Boyd Gaming to strengthen its presence in the lucrative New Jersey market, which has seen a surge in popularity in recent years.
The acquisition of the Resorts Digital properties by Boyd Gaming is expected to bring about a number of key benefits for both companies. For Boyd Gaming, the deal will provide access to a highly successful online gaming platform in BetMGM, which has quickly established itself as one of the leading digital gaming brands in New Jersey. This will give Boyd Gaming a significant foothold in the state’s digital gaming market, allowing the company to leverage its existing land-based casino operations in New Jersey to drive growth in its online gaming operations.
For MGM Resorts International, the sale of its New Jersey Resorts Digital properties represents a strategic move to streamline its digital gaming operations and focus on other key markets. By divesting itself of these assets, MGM Resorts International will be able to refocus its efforts on other key markets and initiatives, while also freeing up valuable resources for future investments and acquisitions.
In a statement announcing the acquisition, Boyd Gaming CEO Keith Smith expressed his excitement about the deal, stating, “We are thrilled to announce the acquisition of the Resorts Digital properties in New Jersey. This deal represents a significant milestone for Boyd Gaming and underscores our commitment to growing our digital gaming business. We believe that the acquisition of these assets will position us for long-term success in the highly competitive New Jersey market.”
The acquisition of the New Jersey Resorts Digital properties by Boyd Gaming is expected to be completed in the coming months, pending regulatory approval. Once finalized, the deal is expected to have a major impact on the digital gaming industry in New Jersey, with Boyd Gaming poised to emerge as a major player in the market. With its extensive experience in the gaming industry and its commitment to innovation and customer service, Boyd Gaming is well-positioned to drive growth and success in its digital gaming operations in New Jersey and beyond.