The deals for Aliante, Cannery and Eastside Cannery are expected to close in the third quarter of 2016. Boyd Gaming considers the California, Fremont and Main Street Station to be their “downtown Las Vegas” properties. Boyd Gaming has seven Las Vegas properties but considers Gold Coast, Orleans, Suncoast and Sam’s Town to be their “Las Vegas locals” casinos. In less than a week, Boyd Gaming almost doubled their Las Vegas locals casinos from four to seven. This acquisition of two casinos cost less than the price of $380 million paid for Aliante Casino. The Cannery Casinos purchase includes two properties – Cannery Casino and Eastside Cannery. Boyd announced that they did purchase Cannery Casinos for $230 million on their quarterly earnings call this week. Nope, the rumors were actually true on this one. The thinking among some onlookers is that this may have been the money that was allocated to purchase Cannery Casinos. That rumor sounded likely until Boyd Gaming announced the purchase of Aliante Casino for $380 million (see Sunday News for more info).
Last week a rumor began to circulate that Boyd Gaming would buy Cannery Casinos. Sometimes those rumors that usually have a 50% chance of happening in Las Vegas actually occur.
