BOYD GAMING TO SELL SAM'S TOWN SHREVEPORT TO BALLY'S CORPORATION

Boyd Gaming (NYSE: BYD) agreed to sell Sam's Town Hotel & Casino — Shreveport to Bally's Corporation (NYSE: BALY).

Rhea-AI Summary

Boyd Gaming (NYSE: BYD) agreed to sell Sam's Town Hotel & Casino — Shreveport to Bally's Corporation (NYSE: BALY). The property includes a 29,000-square-foot casino (750 slots, 14 tables), a 514-room hotel, restaurants, live-entertainment and convention space.

The transaction is expected to close in 3Q 2026, subject to customary closing conditions and regulatory approvals; financial terms were not disclosed.

Positive

• Portfolio focus: Divestiture aligns with Boyd's stated strategy to refine its nationwide property mix
• Operational synergies: Acquisition adjoins Bally's Shreveport, enabling potential combined operations and reinvestment
• Property scale: 514 rooms and a 29,000 sq ft casino increase Bally's market footprint in Shreveport

Negative

• Undisclosed proceeds: Terms not disclosed, leaving impact on Boyd's balance sheet unclear
• Regulatory timing: Closing contingent on approvals, potentially delaying expected transaction benefits

Argus Feb 26 session

+3.27% close to close Open Argus

Details

News Market Reaction – BYD

On Feb 26, the day this news came out, BYD closed 3.27% above the previous close.

Data tracked by StockTitan Argus for the Feb 26 session.

Market Context

This announcement details BYD’s agreement to sell Sam’s Town Shreveport, a property with a 29,000-sq...

Analysis

This announcement details BYD’s agreement to sell Sam’s Town Shreveport, a property with a 29,000-square-foot casino, 750 slots, 14 table games, and a 514-room hotel, with closing expected in Q3 2026 pending customary approvals. It follows recent steps like the FanDuel stake sale and a dividend increase to $0.20 per share. Investors may watch for disclosed transaction terms, redeployment of proceeds, and any portfolio reshaping discussed in future filings or earnings calls.

Key Figures

Casino floor size: 29,000 square feet Slot machines: 750 slot machines Table games: 14 table games +3 more

Casino floor size

29,000 square feet

Sam's Town Shreveport casino

Slot machines

750 slot machines

Sam's Town Shreveport gaming mix

Table games

14 table games

Sam's Town Shreveport gaming mix

Hotel rooms

514-room hotel

Sam's Town Shreveport accommodation capacity

Expected closing

Q3 2026

Anticipated closing of sale transaction

Ownership since

Since 2004

Sam's Town Shreveport in Boyd portfolio

Historical Context

5 past events · Latest: Feb 19

5 events

1. Feb 19

   Dividend increase

   24h Move

   +1.3%

   Raised quarterly dividend to $0.20 per share for shareholders.

2. Feb 05

   Earnings results

   24h Move

   -0.5%

   Reported strong Q4 and 2025 results with large FanDuel gain.

3. Jan 09

   Large acquisition

   24h Move

   -0.5%

   Completed US$1.3B acquisition expanding footprint by 25%.

4. Jan 05

   Earnings date set

   24h Move

   +2.6%

   Announced timing and access details for Q4/FY 2025 call.

5. Dec 30

   Charitable donation

   24h Move

   -0.3%

   Donated over $215,000 through annual Trees of Hope program.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

definitive agreement, regulatory approvals

2 terms

definitive agreement financial

"announced that it has entered into a definitive agreement to sell Sam's Town"

A definitive agreement is a formal, legally binding document that outlines the final terms and conditions of a deal or transaction, such as a sale or partnership. It acts like a detailed contract that confirms all parties have agreed on the key details, making the deal official. For investors, it signals that the agreement is settled and moving toward completion, providing clarity and security about the transaction.

regulatory approvals regulatory

"subject to the satisfaction of customary closing conditions and the receipt of required regulatory approvals"

Regulatory approvals are official permissions from government agencies that a company needs before launching a new product, service, or business activity. They matter because without this approval, the company might not be allowed to operate legally or sell its products, similar to how a driver needs a license to legally drive a car.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

LAS VEGAS, Feb. 26, 2026 /PRNewswire/ -- Boyd Gaming Corporation (NYSE: BYD) announced that it has entered into a definitive agreement to sell Sam's Town Hotel & Casino in Shreveport, Louisiana, ("Sam's Town Shreveport") to Bally's Corporation (NYSE: BALY). 

Located adjacent to Bally's Shreveport Casino & Hotel in downtown Shreveport, Sam's Town Shreveport features a 29,000-square-foot casino with 750 slot machines and 14 table games, a 514-room hotel, multiple restaurants, a live entertainment venue, and convention and meeting space.

The transaction is expected to close in the third quarter of 2026, subject to the satisfaction of customary closing conditions and the receipt of required regulatory approvals.  Terms of the transaction were not disclosed.

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."

Forward-looking Statements and Company Information
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements contain words such as "may," "will," "might," "expect," "believe," "anticipate," "could," "would," "estimate," "continue," "pursue," or the negative thereof or comparable terminology, and may include (without limitation) information regarding expectations, goals or intentions regarding future performance. These forward-looking statements are based on the current beliefs and expectations of management and involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. All forward-looking statements in this press release are made as of the date hereof, based on information available as of the date hereof, and neither Boyd Gaming Corporation nor Bally's Corporation assumes obligation to update any forward-looking statement.

About Boyd Gaming
Founded in 1975, Boyd Gaming Corporation (NYSE: BYD) is a leading geographically diversified operator of 27 gaming entertainment properties in 11 states. The Company also manages a tribal casino in northern California, and owns and operates Boyd Interactive, a B2B and B2C online casino gaming business. Boyd Gaming's nationwide portfolio is connected through Boyd Rewards, recognized as the nation's favorite casino loyalty program by readers of USA Today.  Named by Forbes magazine as one of "America's Best Companies," and led by one of the most experienced teams in the industry, Boyd Gaming is dedicated to delivering an outstanding entertainment experience and memorable guest service. For additional Company information and press releases, visit https://www.boydgaming.com.

About Bally's Corporation
Bally's (NYSE: BALY) is a fast-growing global entertainment brand with 19 casinos across 11 US states and one casino in Newcastle, UK, along with a golf course in New York and a horse racetrack in Colorado. Bally's also owns Bally Bet, a first-in-class sports betting and igaming platform licensed in 14 jurisdictions in North America. Bally's holds a majority interest in Bally's Intralot S.A. (ATSE: BYLOT), a leading lottery solutions supplier and gaming operator active in 39 jurisdictions nationwide. Bally's casino operations include approximately 17,700 slot machines, 630 table games, and 3,950 hotel rooms. Bally's also has rights to developable land in Las Vegas at the site of the former Tropicana Las Vegas, has been awarded a license to build a full-scale casino and resort in The Bronx, New York and is developing an integrated destination resort in Chicago, Illinois. Bally's has approximately 10,800 employees across the world, recognized for their innovation, energy, and dedication to creating thrilling gaming experiences.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/boyd-gaming-to-sell-sams-town-shreveport-to-ballys-corporation-302697846.html

SOURCE Boyd Gaming Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Boyd Gaming (BYD) announce about Sam's Town Shreveport on February 26, 2026?

Boyd Gaming announced it entered a definitive agreement to sell Sam's Town Shreveport to Bally's Corporation. According to the company, the transaction is expected to close in the third quarter of 2026 subject to customary closing conditions and regulatory approvals.

What assets are included in the Sam's Town Shreveport sale by Boyd Gaming (BYD)?

The sale includes a 29,000-square-foot casino with 750 slot machines and 14 table games, plus a 514-room hotel and event spaces. According to the company, the property also features restaurants, a live-entertainment venue, and convention and meeting space.

When will the Boyd Gaming (BYD) sale of Sam's Town Shreveport to Bally's (BALY) close?

The transaction is expected to close in the third quarter of 2026, subject to customary closing conditions and required regulatory approvals. According to the company, closing remains conditional on satisfying those approvals and other customary terms.

How might Bally's (BALY) benefit from buying Sam's Town Shreveport next to its Shreveport property?

Bally's may gain operational synergies and room to reinvest in the combined site to strengthen local market position. According to the company, Bally's sees opportunities to reinvest and expand its presence in the Shreveport gaming and entertainment market.

Did Boyd Gaming (BYD) disclose the sale price for Sam's Town Shreveport?

No; Boyd Gaming did not disclose the financial terms of the transaction in the announcement. According to the company, the parties confirmed a definitive agreement but did not provide sale price or proceeds details at this time.