![]() As part of the transaction, Boyd Gaming will enter into a master lease agreement with Gaming and Leisure Properties ( GLPI), which owns the real estate of Ameristar St."This transaction is a compelling opportunity to diversify and expand our nationwide portfolio into new markets at an attractive price," says CEO Keith Smith.Boyd expects the transaction to be free cash flow positive and immediately accretive to earnings.The acquisition of these assets is in connection with Penn National's proposed acquisition of Pinnacle Entertainment.Charles (Missouri) Ameristar Kansas City (Missouri) Belterra Casino Resort in Florence, Indiana and Belterra Park in Cincinnati, Ohio. Boyd Gaming Corporation ( NYSE: BYD) announces that it struck a $575M deal with Penn National Gaming ( PENN) to acquire the operations of Ameristar St.
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