Sign in Subscribe
Boyd Gaming Corp.

Boyd Gaming Completes Sale of 5% Equity Interest in FanDuel Group

Strategic Insights

— 1 min read

Boyd Gaming Corporation, a leading gaming entertainment company, has completed the sale of its 5% equity interest in FanDuel Group to Flutter Entertainment plc. The transaction, which was announced on July 10, 2025, was completed on July 31, 2025, and resulted in Boyd Gaming receiving cash proceeds of $1.758 billion. The company plans to use these funds to repay existing debt and continue executing its strategy of investing in its properties, pursuing growth opportunities, and returning capital to shareholders.

Key Takeaways:

  • Boyd Gaming completed the sale of its 5% equity interest in FanDuel Group to Flutter Entertainment plc on July 31, 2025.
  • The transaction resulted in Boyd Gaming receiving cash proceeds of $1.758 billion.
  • The company plans to use the funds to repay existing debt and continue executing its growth strategy.
  • The sale marks a significant milestone in Boyd Gaming's efforts to optimize its strategic partnerships and focus on its core business.
  • Boyd Interactive, a B2B and B2C online casino gaming business, was part of the transaction and has now transitioned to being a subsidiary of Boyd Gaming.
  • The company reports that the sale will have no material impact on its financial statements for the fiscal year ending December 31, 2025.

Statistics:

  • $1.758 billion: Cash proceeds received by Boyd Gaming from the sale of its 5% equity interest in FanDuel Group.
  • 10 states: Geographic locations where Boyd Gaming operates its 28 gaming entertainment properties.
  • 28 properties: Number of gaming entertainment properties owned and operated by Boyd Gaming.
  • 1: Number of tribal casino managed by Boyd Gaming in northern California.
  • 50: Years of experience in the gaming industry for Boyd Gaming.
  • July 10, 2025: Date on which Boyd Gaming announced the sale of its 5% equity interest in FanDuel Group.
  • July 31, 2025: Date on which the sale was completed.

Sources:

  • Boyd Gaming Corporation. "Boyd Gaming Announces Closing of FanDuel Group Transaction." Press release, July 31, 2025.
  • COMTEX_467707153/2254/2025-08-01T01:06:37.
  • Cybernet Data Systems, Inc. "Boyd Gaming Completes Sale of 5% Equity Interest in FanDuel Group." August 1, 2025.

Read more