Boyd Gaming to sell Sam’s Town Hotel & Casino
The company will sell the Louisiana casino to Bally’s.
US.- Boyd Gaming Corporation has entered into a definitive agreement to sell Sam’s Town Hotel & Casino in Shreveport, Louisiana, to Bally’s Corporation. The transaction is expected to close in the third quarter, subject to customary closing conditions and required regulatory approvals.
Located adjacent to Bally’s Shreveport Casino & Hotel, Sam’s Town has a 29,000-square-foot casino with 750 slot machines and 14 table games. There’s also a 514-room hotel, various restaurants, a live entertainment venue and a convention and meeting space.
Soo Kim, executive chairman of Bally’s Corporation, said: “As an existing operator in Shreveport, we know this market well and understand what makes it special – from its loyal customer base to its important role in the region’s broader gaming and entertainment landscape. The acquisition of Sam’s Town Shreveport reflects our confidence in the community and our long-term commitment to growing our presence here. We see meaningful opportunities to reinvest in the market and further strengthen Shreveport’s position as a premier destination for gaming and entertainment. We look forward to sharing more about our broader vision and plans for the property and the market in the near future.”
Keith Smith, president and chief executive officer of Boyd Gaming, said: “The sale of our Sam’s Town Shreveport property is consistent with our continued focus on refining our operating model and our nationwide property portfolio. Sam’s Town Shreveport has been a part of our Company since 2004, and we appreciate all of the contributions of its team members, past and present, in providing great service to our guests throughout the last two decades.”
Gaming and Leisure Properties (GLPI) recently acquired the real estate assets of Bally’s Lincoln in Rhode Island from Bally’s Corporation for $700m. The venue sits on an approximate 190-acre site and has a 165,000 square-foot casino with approximately 3,900 slots and 118 table games.
The company said the initial cash rent of $56m represents an 8 per cent capitalisation rate. Bally’s Lincoln will be added to the GLPI Bally’s Master Lease II agreement, increasing the number of properties to five.
Boyd Gaming revenue hits new record in 2025
Boyd Gaming Corporation reported 2025 revenue of $4.1bn, up from $3.9bn in 2024. Net income was $1.8bn, impacted by a $1.4bn after-tax gain from the sale of the company’s equity interest in FanDuel, and $128.4m in non-cash, pre-tax long-lived asset impairment charges. Net income was up 211.4 per cent year-on-year.
Adjusted EBITDAR was $1.4bn. Adjusted earnings were $604.6m, or $7.40 per share, compared to $611.3m, or $6.55 per share, for 2024.
