Boyd Gaming Corporation has closed on its previously announced acquisition of Pala Interactive LLC and its subsidiaries for total net cash consideration of $170m.
Keith Smith, President and Chief Executive Officer of Boyd Gaming, said: “Online casino gaming is an attractive growth opportunity for our Company, and the acquisition of Pala Interactive provides us with the technology, products and expertise to create a profitable regional online casino business. We look forward to working with the Pala Interactive team in executing our online casino gaming strategy, which will complement our existing land-based operations and further expand our nationwide customer base.”
Founded in 2013, Pala Interactive LLC anticipated the growth of online gaming opportunities in the United States and now provides its proprietary Online Gaming Platform for real money and social gaming.
The Pala Interactive Online Gaming Platform consists of proprietary technology which includes player account management system, online casino and poker products complimented by our integrated sports platform, relevant marketing tool integrations and optional customer and marketing support services.
It has been operational for several years in New Jersey, Pennsylvania and through Kindred in Indiana and Iowa.