Boyd Gaming to acquire tribal igaming company Pala Interactive for $170m
Boyd Gaming will the Californian igaming software and services supplier from the Pala Band of Mission Indians.
US.- Boyd Gaming has announced a deal to acquire Pala Interactive, the Californian igaming software and services supplier majority owned by the Pala Band of Mission Indians. It will pay $170m in cash and expects to close the acquisition by the first quarter of 2023.
Founded by the Pala Band of Mission Indians in 2013, the igaming supplier offers a player management system, casino, poker, integrated sports, social casino and poker platforms, as well as managed services.
Boyd described Pala Interactive as “an innovative online gaming technology company” providing proprietary real money and social gaming solutions on both a business-to-business (B2B) and business-to-consumer (B2C) basis in regulated markets across both the United States and Canada.
Pala Interactive recently secured an Ontario Gaming Related Supplier (GRS) Manufacturer Licence, allowing it to work with approved operators in the Ontario igaming market which launches on April 4.
“Our tribe was at the forefront in creating an online gaming platform,” said Robert Smith, chairman of the Pala Band of Mission Indians. “We brought together the best minds in the business to build and ultimately transact what has become a very successful business.”
Keith Smith, president and CEO of Boyd Gaming, said: “The acquisition of Pala Interactive marks the next phase in the ongoing execution of our iGaming strategy, providing us full control over the technology, development and customer experience.”
He added: “While the acquisition of Pala Interactive supports our igaming strategy, we remain fully committed to our sports betting partnership with FanDuel, which has allowed us to participate in the nationwide expansion of sports betting.”
Jim Ryan, CEO of Pala Interactive, said: “This is the result of a considerable capital investment and a lot of hard work by the Pala Tribe and Pala Interactive employees to build a modern-age online gaming platform and business tailored to the North American regulated gaming market.
“Boyd Gaming’s acquisition of the Pala Interactive business positions the enterprise for the next growth phase, which includes the development and execution of an iGaming strategy for Boyd Gaming and a continued commitment of investment and development in Pala’s B2B business.”
See also: Boyd Gaming reports record $3.4bn in revenue for 2021
