Boyd Gaming Sells FanDuel Stake for $1.755 Billion, Extends Market-Access Agreements Through 2038

Reuters

07/16

Boyd Gaming Sells FanDuel Stake for $1.755 Billion, Extends Market-Access Agreements Through 2038

Boyd Gaming Corporation announced that it has entered into a definitive agreement to sell its 5% equity interest in FanDuel Group to Flutter Entertainment plc for $1.755 billion in an all-cash transaction. The deal is expected to close in the third quarter of 2025, pending regulatory approvals. Boyd Gaming plans to use the proceeds to reduce debt. Additionally, Boyd and FanDuel will extend their market-access agreements through 2038, with Boyd receiving a fixed fee per state for FanDuel's mobile sports-betting and online casino operations in select states. Keith Smith, President and CEO of Boyd, stated that the transaction unlocks significant unrealized value for the company.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Boyd Gaming Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-159374), on July 15, 2025, and is solely responsible for the information contained therein.

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Boyd Gaming Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-159374), on July 15, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BYD","symbol_name":"博伊德賭場","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250715:nNDL8HCwlk:1","article_id":"2551719233","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2551719233","pubTimestamp":1752610674,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Boyd Gaming Corporation announced that it has entered into a definitive agreement to sell its 5% equity interest in FanDuel Group to Flutter Entertainment plc for $1.755 billion in an all-cash transaction. 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Boyd Gaming C","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BYD":"博伊德赌场","LU1015430645.USD":"SCHRODER ISF UK EQUITY \"A\" (USDHDG) ACC","SGXZ99366536.SGD":"United Global Innovation A Acc SGD-H","SGXZ51526630.SGD":"大华环球创新基金A Acc SGD","FLUT":"Flutter Entertainment PLC","SGXZ81514606.USD":"大华环球创新基金A Acc USD","BK4150":"赌场与赌博","LU0575583348.USD":"SCHRODER ISF UK EQUITY \"A\" (USD) INC AV"},"translate_title":"Boyd Gaming以17.55亿美元出售FanDuel股份，将市场准入协议延长至2038年","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BYD":0.9,"FLUT":0.9},"content_text":"Boyd Gaming Sells FanDuel Stake for $1.755 Billion, Extends Market-Access Agreements Through 2038\n    \n\n        Boyd Gaming Corporation announced that it has entered into a definitive agreement to sell its 5% equity interest in FanDuel Group to Flutter Entertainment plc for $1.755 billion in an all-cash transaction. 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