Rumours say Boyd will acquire Cannery Casino Resorts
The Nevada gaming company is seemingly purchasing the complex in the next weeks.
US.- It transpired in American media that the casino giant Boyd Gaming Corp. is firmly considering adding the Cannery Casino Resorts to the company’s list of 22 properties. The key strategy could enhance Boyd’s position in the gaming industry, as the complex is located at North Las Vegas, a renovated hub which aims to be the new centre for luxury establishments to host technology start-ups and professional tourists.
Currently the Cannery Casino Resorts, owner of the Cannery building and Eastside Cannery, is operated by Millennium Gaming Inc., a subsidiary of Crown Resorts –renowned Australian gaming corporation– and Oaktree Capital Management –American investment firm–. The agreement with Boyd Gaming would value the brand between US$225 million and US$240 million.
Boyd’s possible acquisition would continue the last measures the gaming brand has been taking with the investment in renovations and growing in nongaming areas. The company already operates the Main Street Station, Fremont and California hotels and casinos, Suncoast at Sam’s Town, among other properties across 8 U.S states. As to Cannery Casino Resorts, last December announced the selling of The Meadows Racetrack and Casino, in Pennsylvania, for US$440 million.
