Boyd Gaming has agreed to purchase Pala Interactive, a prominent online gaming platform provider, for a substantial $170 million. This strategic acquisition will allow Boyd Gaming to integrate Pala’s extensive portfolio, encompassing casino games, poker, sports wagering, and even social gaming solutions.
The Pala Band of Mission Indians, founders of Pala Interactive in 2013, view this as a logical progression for the company. Chairman Robert Smith proudly proclaimed that the tribe has consistently been a pioneer in online gaming, and this transaction reflects the diligence and commitment of their skilled team.
This purchase comes at a crucial juncture for Pala Interactive, as they have recently received authorization to operate in Ontario’s newly established regulated online gaming market. This positions Boyd Gaming for substantial expansion in a rapidly developing industry.
Both organizations are confident about the future, with the deal anticipated to be concluded in early 2023, subject to customary regulatory clearances. Jim Ryan, CEO of Pala Interactive, considers this a testament to the unwavering dedication of the Pala Tribe and their staff, who have constructed an advanced platform poised to enter the North American market.
Boyd Gaming is integrating Parlay Interactive internally to expedite its expansion, particularly in the digital gaming sector. This strategic decision leverages Parlay’s proficiency to enhance Boyd’s iGaming approach. Simultaneously, Boyd remains committed to supporting Parlay’s current business-to-business ventures.
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