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Boyd Gaming completes sale of Fanduel interest
2025-07-31 21:21
- Boyd Gaming (NYSE:BYD) said on Thursday that it has completed the previously announced sale of the company's 5% equity interest in FanDuel Group to Flutter Entertainment (FLUT).
- Boyd Gaming received cash proceeds of $1.758B from the transaction and intends to use proceeds to repay existing debt.
- The company intends to continue executing its strategy of investing in its properties, pursuing growth opportunities, and returning capital to shareholders while maintaining a strong balance sheet.
More on Boyd Gaming
- Boyd Gaming Corporation (BYD) Q2 2025 Earnings Call Transcript
- Boyd Gaming's FanDuel Equity Sale - Like Cutting The Flowers And Watering The Weeds
- Boyd Gaming: Unlocking Value With FanDuel Exit And Debt Reduction
- Boyd Gaming plans $150M quarterly repurchases as FanDuel sale strengthens balance sheet
- Boyd Gaming gets a surprise lift from the Las Vegas Locals segment in Q2
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