{"id":235,"date":"2025-07-25T08:36:38","date_gmt":"2025-07-25T08:36:38","guid":{"rendered":"http:\/\/www.sourceforterminals.com\/?p=235"},"modified":"2025-07-25T15:13:25","modified_gmt":"2025-07-25T15:13:25","slug":"boyd-invested-10m-in-fanduel-before-selling-for-1-76bn-seven-years-later","status":"publish","type":"post","link":"http:\/\/www.sourceforterminals.com\/index.php\/2025\/07\/25\/boyd-invested-10m-in-fanduel-before-selling-for-1-76bn-seven-years-later\/","title":{"rendered":"Boyd Invested $10m in FanDuel Before Selling for $1.76bn Seven Years Later"},"content":{"rendered":"

The post Boyd Invested $10m in FanDuel Before Selling for $1.76bn Seven Years Later<\/a> appeared first on Vegas Slots Online News<\/a>.<\/p>\n

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Flutter Entertainment regained total control over FanDuel earlier this month, albeit at a hefty price tag of $1.76bn. Boyd Gaming had acquired 5% of the business in 2018 when it agreed to provide market access to the operator in the burgeoning US legal sports betting market.<\/p>\n

The Las Vegas-based firm reported its second-quarter results on Thursday, beating estimates thanks to broad-based growth across its nationwide properties. Boyd Gaming CEO Keith Smith revealed that the company paid only $10m for the stake and said that selling for almost $2bn is a \u201cpretty fair return\u201d for shareholders.<\/p>\n

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short-term it will go towards reducing debt<\/p>\n<\/blockquote>\n

When asked in the Q&A segment of the earnings call what the immediate plan is with the money from the FanDuel deal<\/a>, Smith said that short-term it will go towards reducing debt. In the long run, it intends to use the money to focus on \u201chigher-returning investments,\u201d although he warned that this doesn\u2019t necessarily mean another transaction.<\/p>\n

Despite selling the FanDuel stake, Boyd Gaming still sees opportunities in the online gambling segment with its $170m purchase of Pala Interactive in 2022<\/a> to help it serve a \u201ccompetitive product\u201d in markets where it currently operates.<\/p>\n

The post Boyd Invested $10m in FanDuel Before Selling for $1.76bn Seven Years Later<\/a> appeared first on Vegas Slots Online News<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The post Boyd Invested $10m in FanDuel Before Selling for $1.76bn Seven Years Later appeared first on Vegas Slots Online […]<\/p>\n","protected":false},"author":1,"featured_media":237,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[14],"tags":[],"_links":{"self":[{"href":"http:\/\/www.sourceforterminals.com\/index.php\/wp-json\/wp\/v2\/posts\/235"}],"collection":[{"href":"http:\/\/www.sourceforterminals.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.sourceforterminals.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.sourceforterminals.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sourceforterminals.com\/index.php\/wp-json\/wp\/v2\/comments?post=235"}],"version-history":[{"count":1,"href":"http:\/\/www.sourceforterminals.com\/index.php\/wp-json\/wp\/v2\/posts\/235\/revisions"}],"predecessor-version":[{"id":236,"href":"http:\/\/www.sourceforterminals.com\/index.php\/wp-json\/wp\/v2\/posts\/235\/revisions\/236"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.sourceforterminals.com\/index.php\/wp-json\/wp\/v2\/media\/237"}],"wp:attachment":[{"href":"http:\/\/www.sourceforterminals.com\/index.php\/wp-json\/wp\/v2\/media?parent=235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sourceforterminals.com\/index.php\/wp-json\/wp\/v2\/categories?post=235"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sourceforterminals.com\/index.php\/wp-json\/wp\/v2\/tags?post=235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}