Boyd Gaming to acquire Pala Interactive in $170m deal
Pala Interactive is presently owned by the Pala Band of Mission Indians.
Boyd Gaming, an operator live in 10 states across the country, has agreed to purchase the iGaming software supplier, Pala Interactive. This purchase will see the supplier sold for a total of $170m.
Founded in 2013, by the Pala Band of Mission Indians, Pala Interactive develops real money and social gaming solutions to both B2B and B2C organizations throughout the US and Canada. Presently, the company is live with its B2B offering in eight states, while its B2C offering is operational in New Jersey and Canada.
Speaking on this new agreement, Keith Smith, the President and CEO of Boyd Gaming noted: “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.
“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. We look forward to welcoming the Pala Interactive team to our Company and building a highly successful online gaming business in the years ahead.”
The transaction, which is likely to be completed by the first quarter of 2023, remains subject to customary closing conditions and regulatory approval.
“Our tribe was at the forefront in creating an online gaming platform,” said Robert Smith, Chairman of the Pala Band of Mission Indians. “We brought together the best minds in the business to build and ultimately transact, what has become a very successful business.”
This announcement comes just weeks after Pala received its Ontario Gaming Related Supplier Manufacturer License ahead of the market’s launch on April 4.
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