Boyd Gaming completes sale of 5% FanDuel stake for $1.758B cash

BOYD GAMING CORP

Received $1.758 billion cash from Flutter Entertainment for 5% equity interest in FanDuel.
Proceeds will be used to repay existing debt; company plans to maintain strong balance sheet.
New agreements provide extended market access with fixed fees; FanDuel-branded sportsbooks will transition to Boyd-operated.
Strategy remains to invest in properties, pursue growth, and return capital to shareholders.

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