Boyd Gaming is poised to purchase Pala Interactive, a major contender in the iGaming software and solutions sector, for a substantial $170 million. This transaction signifies Boyd’s calculated maneuver to bolster its presence in the rapidly growing internet gambling arena.
Founded in 2013 by the Pala Band of Mission Indians, Pala Interactive has cultivated a solid standing for its comprehensive array of products, encompassing a robust player administration system, a diverse collection of casino games, and a sophisticated online poker platform. Their proficiency extends to the burgeoning realm of social casino gaming and the delivery of dependable hosting services.
Robert Smith, Chairman of the Pala Band of Mission Indians, conveyed pride in the tribe’s trailblazing role within the online gaming sphere, underscoring their dedication to assembling a premier team that has propelled the company’s achievements.
This acquisition arrives at a strategic juncture as Pala Interactive recently obtained a license to function as a provider in the highly awaited regulated market of Ontario, Canada. This strategically positions Boyd Gaming for substantial expansion by entering a new and profitable market.
The agreement, anticipated to finalize in early 2023, is contingent upon regulatory clearances. Jim Ryan, CEO of Pala Interactive, stressed the commitment and resources invested in developing a leading-edge online gaming platform primed to make an impact on the North American regulated gaming market.
The purchase of Pala Interactive by Boyd Gaming represents a calculated step to accelerate the company’s expansion. This strategic acquisition will enable Boyd Gaming to enter the profitable internet gaming sector, capitalizing on Pala’s established infrastructure and knowledge base. Moreover, Boyd Gaming intends to dedicate resources to enhance and broaden Pala’s thriving business-to-business endeavors, thus reinforcing its standing within the market.
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