Boyd Gaming has announced it is purchasing the Aliante Hotel in North Las Vegas for $380 million. Rumours are also circulating online that Boyd is close to announcing the purchase of Cannary Resorts for about $240 million. These two acquisitions would give Boyd more market share in the Las Vegas locals market and allow the company to add the newly acquired properties to its existing systems.
With the prospective purchase of Cannary Resorts, Boyd would gain a foothold in the north part of the city, while also adding a property next door to its Sam’s Town property. The situation with Sam’s Town and Eastside Cannery would be similar to Texas Station and Fiesta Rancho, which are also next door to each other while both being owned by Station Casinos.
http://www.reviewjournal.com/business/boyd-gaming-strikes-380m-deal-purchase-aliante-hotel
http://www.wsj.com/articles/boyd-gaming-to-boost-locals-business-with-aliante-deal-1461283768
http://www.reuters.com/article/us-cannerycasino-m-a-boydgaming-idUSKCN0XH2EY
