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Boyd Gaming is working on a deal to buy Cannery Casino Resorts.

Last edit: vespajet on Wednesday, 20th April 2016 5:11 pm
Last response by Hyperfocal 20th April 6:07pm

Boyd Gaming nears deal to buy Cannery Casino Resorts

Price tag is reportedly between $225-240 million. The interesting thing is that Cannery Casinos is partially owned by Oaktree Capital Management and a subsidiary of Crown Resort. So could the money those two get from the sale be earmarked for Alon? I can understand why Boyd would be interested in the Cannery Casino up in North Las Vegas, as it is an area of the region seeing some major growth and they lack a property there. But would they keep Eastside Cannery since it is next door to Sam's Town?

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 Hyperfocal responded on Wednesday, 20th April 2016

There is a lot to be said for having properties close to one another. Joint management and promotion, attracting players with different likes. Eastside Cannery has a very different feel from Sam's Town.

It sounds like a good deal for Boyd. If nothing else, it keeps these two properties out of the hands of Stations. (From their perspective.)