{"id":4145,"date":"2018-04-05T22:10:28","date_gmt":"2018-04-05T22:10:28","guid":{"rendered":"https:\/\/www.pokerscout.com\/?p=4145"},"modified":"2018-04-06T16:15:36","modified_gmt":"2018-04-06T16:15:36","slug":"after-pgcb-approval-boyd-looking-ahead-to-online-gambling","status":"publish","type":"post","link":"https:\/\/www.pokerscout.com\/after-pgcb-approval-boyd-looking-ahead-to-online-gambling\/","title":{"rendered":"After PGCB Approval, Boyd Looking Ahead To Online Gambling"},"content":{"rendered":"<p>On Wednesday, the <strong>Pennsylvania Gaming Control Board<\/strong>\u00a0(PGCB) voted to approve the Category 3 Slot Machine Licensee change from <a href=\"http:\/\/www.playpennsylvania.com\/casinos\/valley-forge\/\"><strong>Valley Forge Casino Resort<\/strong><\/a> to <strong>Boyd Gaming<\/strong>.<\/p>\n<p>As part of the decision, Boyd Gaming, based in <strong>Las Vegas<\/strong>, <strong>Nevada<\/strong> agreed to pay a change of control fee to the Commonwealth of <strong>$1.35 million<\/strong>. That fee is in addition to the <a href=\"https:\/\/www.playpennsylvania.com\/boyd-valley-forge-acquisition\/\">total cash consideration of <strong>$280.5 million<\/strong><\/a> for the property.<\/p>\n<h2><span id=\"boyd_gaming_presented_its_case_to_the_pgcb\">Boyd Gaming presented its case to the PGCB<\/span><\/h2>\n<p>Boyd Gaming\u2019s executive management team presented its case for acquiring <strong>Montgomery County<\/strong>\u2018s Valley Forge Casino Resort before the PGCB. The presentation happened ahead of the board\u2019s vote to approve the sale.<\/p>\n<p>During their appearance, Boyd Gaming <a href=\"https:\/\/gamingcontrolboard.pa.gov\/files\/meetings\/Meeting_Presentation_20180404_Boyd_Valley_Forge_acquisition.pdf\">discussed<\/a>:<\/p>\n<ul>\n<li>The expansion of <strong>slot machines<\/strong> by 250<\/li>\n<li>Option to bid on <a href=\"https:\/\/www.playpennsylvania.com\/mini-casinos\/\">satellite casinos<\/a><\/li>\n<li>Opportunities for <a href=\"http:\/\/www.playpennsylvania.com\/\">online gaming<\/a><\/li>\n<li>Possible <a href=\"https:\/\/www.playpennsylvania.com\/sports-betting\/\">sports betting<\/a> (dependent on a favorable ruling from the Supreme Court)<\/li>\n<\/ul>\n<p>Of those items, online gaming certainly stands out as noteworthy knowing that online gaming was a motivating factor in the purchase of Valley Forge.<\/p>\n<p>\u201cOnline gaming is important to us,\u201d Boyd Gaming President and CEO <strong>Keith Smith<\/strong> <a href=\"https:\/\/www.onlinepokerreport.com\/29727\/boyd-gaming-pa-online-gambling\/\">told the PGCB<\/a>. \u201cThe Valley Forge acquisition directly aligns with the Company\u2019s long-term growth strategy of acquiring assets in strong and growing markets that generate substantial free cash flow.\u201d<\/p>\n<p>Boyd Gaming <strong>isn\u2019t new<\/strong> to online gambling. It ran the <strong>Borgata<\/strong> online casino in <strong>New Jersey<\/strong> before selling its 50-percent stake in the operation. As <strong>New Jersey online casinos<\/strong> continue to set revenue records, it is easy to understand Boyd\u2019s desire to get back into the online gaming market.<\/p>\n<h2><span id=\"boyd_gaming_sets_its_sight_on_a_national_presence\">Boyd Gaming sets its sight on a national presence<\/span><\/h2>\n<p>The presentation and subsequent approval finalized a process that began last fall. That is when Boyd Gaming first announced its intention to buy the <strong>King Of Prussia<\/strong> property.<\/p>\n<p>Towards the second half of 2017, Boyd Gaming went on a buying spree of sorts. It purchased four <strong>Pinnacle Entertainment<\/strong> properties just days before it announced its objective of adding Valley Forge Casino Resort to its portfolio.<\/p>\n<p>Boyd Gaming views Valley Forge as a way of <strong>re-entering the Northeast market<\/strong> in a position of strength. Boyd finds the potential for sharing online player pools between states with regulated online gaming and opportunities to cross-market with other Boyd casinos extremely attractive.<\/p>\n<p>\u201cThe acquisition of Valley Forge Casino Resort is another excellent opportunity to further grow and diversify our nationwide portfolio. With this acquisition, we will expand into the second-largest gaming state in the country, establishing a presence in a densely populated, high-traffic area just west of Philadelphia,\u201d Smith said in a Dec. 2018 <a href=\"https:\/\/www.prnewswire.com\/news-releases\/boyd-gaming-to-acquire-valley-forge-casino-resort-300574104.html\">press release<\/a>.<\/p>\n<h2><span id=\"the_future_of_boyd_gaming\">The future of Boyd Gaming<\/span><\/h2>\n<p>Boyd is most likely celebrating its choice after Valley Forge posted the <strong>highest year-over-year <a href=\"http:\/\/playpennsylvania.com\/revenue\">revenue<\/a> gain<\/strong> of all Pennsylvania casinos in February. They have been out front posting impressive growth numbers for the past few months.<\/p>\n<p>Once the approval processes finish all pending sales, Boyd expects its portfolio to contain:<\/p>\n<ul>\n<li><strong>30<\/strong> properties in<strong> 11<\/strong> states<\/li>\n<li><strong>1.8 million<\/strong> square feet of casino space<\/li>\n<li><strong>40,000<\/strong> slot machines<\/li>\n<li><strong>1,000<\/strong> table games<\/li>\n<li><strong>11,300<\/strong> hotel rooms<\/li>\n<li><strong>300+<\/strong> restaurants and bars<\/li>\n<li><strong>27,000+<\/strong> team members<\/li>\n<\/ul>\n<p>It has already been established that online gaming is important to Boyd. But they aren\u2019t the only operator to set their sights towards the launch of online gambling in the state. It is likely most of the land-based casinos in Pennsylvania will seek to launch an <a href=\"https:\/\/www.playpennsylvania.com\/reviews\/\">online casino<\/a> sometime later this year. Especially now that properties know <a href=\"https:\/\/www.playpennsylvania.com\/pa-online-gambling-skins\/\">there will be <strong>unlimited skins<\/strong><\/a> to help lure potential partners to the state.<\/p>\n<p>&nbsp;<\/p>\n<p>The post <a href=\"https:\/\/www.playpennsylvania.com\/boyd-valley-forge-pgcb\/\" rel=\"nofollow\">After PGCB Approval, Boyd Looking Ahead To Online Gambling<\/a> appeared first on <a href=\"https:\/\/www.playpennsylvania.com\/\" rel=\"nofollow\">Play Pennsylvania<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Wednesday, the Pennsylvania Gaming Control Board\u00a0(PGCB) voted to approve the Category 3 Slot Machine [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"link","meta":{"_acf_changed":false,"vebbtech_seo_disable_yoast":false,"vebbtech_seo_hide_author":false,"vebbtech_seo_hide_date":false,"vebbtech_seo_hide_factchecker":false,"vebbtech_seo_fact_check_enabled":false,"vebbtech_seo_post_reviewer":0,"vebbtech_seo_post_review_date":"","footnotes":""},"categories":[6],"tags":[],"class_list":{"0":"post-4145","1":"post","2":"type-post","3":"status-publish","4":"format-link","6":"category-news-category","7":"post_format-post-format-link"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>After PGCB Approval, Boyd Looking Ahead To Online Gambling -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pokerscout.com\/after-pgcb-approval-boyd-looking-ahead-to-online-gambling\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"After PGCB Approval, Boyd Looking Ahead To Online Gambling -\" \/>\n<meta property=\"og:description\" content=\"On Wednesday, the Pennsylvania Gaming Control Board\u00a0(PGCB) voted to approve the Category 3 Slot Machine [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pokerscout.com\/after-pgcb-approval-boyd-looking-ahead-to-online-gambling\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-05T22:10:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-04-06T16:15:36+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.pokerscout.com\/after-pgcb-approval-boyd-looking-ahead-to-online-gambling\/\",\"url\":\"https:\/\/www.pokerscout.com\/after-pgcb-approval-boyd-looking-ahead-to-online-gambling\/\",\"name\":\"After PGCB Approval, Boyd Looking Ahead To Online Gambling -\",\"isPartOf\":{\"@id\":\"https:\/\/www.pokerscout.com\/#website\"},\"datePublished\":\"2018-04-05T22:10:28+00:00\",\"dateModified\":\"2018-04-06T16:15:36+00:00\",\"author\":{\"@id\":\"https:\/\/www.pokerscout.com\/#\/schema\/person\/7f5b2fa51bd1925f5937c15b7388df28\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.pokerscout.com\/after-pgcb-approval-boyd-looking-ahead-to-online-gambling\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.pokerscout.com\/after-pgcb-approval-boyd-looking-ahead-to-online-gambling\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.pokerscout.com\/after-pgcb-approval-boyd-looking-ahead-to-online-gambling\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.pokerscout.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"After PGCB Approval, Boyd Looking Ahead To Online Gambling\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.pokerscout.com\/#website\",\"url\":\"https:\/\/www.pokerscout.com\/\",\"name\":\"\",\"description\":\"Poker Sites Traffic Report &amp; 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