In a move that has sent shockwaves through the gambling industry, Boyd Gaming has announced its acquisition of Resorts Digital, one of the leading online gambling operations in the United States. The deal, which is reported to be worth over $300 million, marks Boyd Gaming’s entry into the rapidly growing online gambling market.
Resorts Digital, based in New Jersey, has been a major player in the online gambling space since the legalization of online gambling in the state in 2013. The company has a strong presence in New Jersey, as well as in other states where online gambling is legal, such as Pennsylvania and West Virginia.
Boyd Gaming, a Nevada-based company with a long history in the gambling industry, has been looking to expand its online presence in recent years. The acquisition of Resorts Digital is a key part of Boyd Gaming’s strategy to grow its online gambling business and tap into the lucrative online gambling market.
The announcement of the acquisition has been met with excitement by industry analysts, who see it as a smart move by Boyd Gaming to position itself as a major player in the online gambling space. With the legalization of online gambling in more and more states across the country, the market is expected to continue to grow in the coming years, making it a key area of focus for gambling companies looking to expand their businesses.
In a statement, Keith Smith, President and CEO of Boyd Gaming, said, “We are thrilled to announce the acquisition of Resorts Digital, which is a well-established and highly respected player in the online gambling market. This deal will allow us to expand our online presence and offer our customers a seamless and enjoyable online gambling experience.”
The deal is expected to be finalized in the coming months, pending regulatory approval. Once completed, Boyd Gaming will look to leverage Resorts Digital’s strong brand and customer base to further grow its online gambling business and become a major player in the rapidly expanding online gambling market.
Overall, the acquisition of Resorts Digital by Boyd Gaming is a significant development in the gambling industry and one that is sure to have a lasting impact on the market. As online gambling continues to grow in popularity, companies like Boyd Gaming will be looking to capitalize on this trend and position themselves for success in the increasingly competitive online gambling market.