SHREVEPORT, La. — Boyd Gaming Corporation has agreed to promote Sam’s Town Hotel & Casino in Shreveport to Bally’s Corporation, the businesses introduced Thursday.
The riverfront property sits straight subsequent to Bally’s Shreveport Casino & Hotel alongside the Red River, that means the 2 side-by-side casinos will function beneath the identical possession as soon as the deal closes.
Sam’s Town Shreveport contains a 29,000-square-foot on line casino flooring with roughly 750 slot machines and 14 desk video games, a 514-room resort, a number of eating choices, dwell leisure house and conference and assembly services.
The transaction is anticipated to shut within the third quarter of this 12 months, pending customary closing situations and required regulatory approvals. Financial phrases weren’t disclosed.
Soo Kim, govt chairman of Bally’s Corporation, mentioned the acquisition displays the corporate’s confidence within the Shreveport market and its plans to reinvest and develop its presence within the area.
Boyd Gaming President and CEO Keith Smith mentioned the sale aligns with the corporate’s technique to refine its nationwide portfolio. Sam’s Town Shreveport has been a part of Boyd’s operations since 2004.
Once finalized, the deal will consolidate possession of two distinguished downtown Shreveport on line casino properties beneath Bally’s banner, marking a big shift within the metropolis’s gaming panorama.