Yesterday it was revealed that Boyd Gaming is set to acquire Cannery Casino Resorts, a rival company located in Las Vegas, Nevada. According to a report by Reuters, Boyd Gaming is currently negotiating a deal with the owners of Cannery Casino Resorts, in part with Oaktree Capital Management, Crown Resorts and Millennium Gaming Inc.

In the United States, Boyd Gaming already operates 22 venues for gaming, with six casinos in the area of Las Vegas. Cannery Casino Resorts has two venues in Las Vegas, the Eastside Cannery Casino and Hotel as well as the Cannery Casino and Hotel.

The Reuters report states that the two remaining properties of Cannery will have a price tag of $225 million and $240 million for Boyd to acquire. Neither Cannery nor Boyd have spoken out on the potential deal but it is believed that a deal exists and will be completed within a matter of weeks.

 

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