In connection with the transaction, Penn National has entered into a definitive agreement with Boyd Gaming in which Boyd will purchase the four Pinnacle gaming operations. have entered into a definitive agreement under which Penn National will acquire Pinnacle in a cash and stock transaction valued at approximately $2.8 billion. This transaction will expand our Company’s size and scale, grow our customer base, and further enhance our substantial free cash flow profile.” “By adding these four high-quality, well-maintained assets to our portfolio, we will gain strong positions in three of the largest metropolitan areas in the Midwest. “This transaction is a compelling opportunity to diversify and expand our nationwide portfolio into new markets at an attractive price,” said Keith Smith, President and Chief Executive Officer of Boyd Gaming. Charles Ameristar Kansas City casinos in Missouri. Belterra Park, which combines Thoroughbred racing with a casino and entertainment facility, will be purchased by Boyd Gaming Corporation as part of a $2.3 billion-deal involving three companies (file photo).īoyd Gaming will pay $575 million cash for the two Belterra properties and the Ameristar St.
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