Boyd Gaming to Purchase Pala Interactive

This story was published more than 2 years ago.

This week it was announced that Boyd Gaming has entered into an agreement to purchase Pala Interactive from the Pala Band of Mission Indians for $170 million in cash.

The deal will see Pala Interactive's online platform for casino games, poker, sportsbetting, social betting, and management tools rolled into the Boyd Gaming umbrella. Pala currently provides their products in a business-to-business and business-to-consumer basis, and is prominent throughout the United States and Canadian markets.

Pala recently announced that it has secured approval to provide services for the Ontario online gaming market, which is slated to launch on April 4th.

"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," said Boyd Gaming CEO Keith Smith. "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."

Pala Interactive CEO Jim Ryan added: "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."

Boyd is paying cash for the acquisition, and expects the deal to be completed by the first quarter of its 2023 fiscal year. The purchase is subject to regulatory approvals.

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.