Date Closed

November 1, 2022

Lead Office

Toronto

Value

170.00 Million USD

On March 28, 2022, Boyd Gaming Corporation ("Boyd Gaming") announced that Boyd Interactive Gaming Inc., its wholly-owned subsidiary, has entered into a definitive agreement to acquire Pala Interactive LLC ("Pala Interactive") and its subsidiaries for US$170 million. This acquisition will support Boyd Gaming's iGaming strategy and help create a cost-effective and profitable regional iGaming business.

Pala Interactive is an innovative North American iGaming software and services supplier that is majority owned by the Pala Band of Mission Indians. The company provides proprietary real money and social gaming solutions on both a business-to-business (B2B) and business-to-consumer (B2C) basis in regulated markets across the United States and Canada. Pala Interactive’s technology includes its player account management system; casino; poker; and social casino and poker platforms. Pala complements its online gaming platform with a full suite of managed services. Pala currently provides B2B services in eight states across the United States as well as Canada, and operates B2C offerings in New Jersey and Canada.

McCarthy Tetrault advised Boyd Gaming with a team led by Jonathan See, Jake Irwin, and Hailey Schenker that included Danielle Bush (Gaming), Robert Anton and Vivian Sy (M&A), Vincent Yip and Conrad Lee (Intellectual Property and Technology), Raj Juneja and Anthony Campione (Tax), Oliver Borgers and Erin Keogh (Competition), Ben Aberant and Alex Treiber (Labour and Employment), Kelleher Lynch (Pension and Benefits), Zainab Fayyaz (Real Property and Planning).