Boyd Gaming Corporation announced on July 31, 2025, that it has completed the previously announced sale of its 5% equity interest in FanDuel Group to Flutter Entertainment plc. This transaction provides Boyd Gaming with substantial cash proceeds.
The company received $1.758 billion in cash from the sale, which it intends to use to repay existing debt. This strategic move is expected to significantly strengthen Boyd Gaming's balance sheet and enhance its financial flexibility.
Boyd Gaming plans to continue its strategy of investing in its properties, pursuing growth opportunities, and returning capital to shareholders, all while maintaining a strong financial position. The completion of this divestiture marks a pivotal moment for the company's capital allocation strategy.
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