BOYD GAMING CORP (BYD): M&A transaction — 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.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.95

BOYD GAMING CORP completed a disposition involving TSE Holdings Ltd. for aggregate cash consideration of $1.758 billion (closed 2025-07-31).

Action: disposition
Counterparty: TSE Holdings Ltd.
Consideration: aggregate cash consideration of $1.758 billion
Closing: 2025-07-31

Exact text from the filing

entirely by Boyd Entities, but utilizing certain sports betting data feeds provided by FanDuel or its affiliate. Boyd Interactive was paid aggregate cash consideration of $1.758 billion in connection with the transactions contemplated by the Purchase Agreement. For additional information regarding the Purchase Agreement, see the Current Report on Form 8-K

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Source: SEC EDGAR

accession 0001437749-25-024042

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