Located near Interstate 15 and Craig Road in North Las Vegas, Cannery Casino features an 80,000-square-foot casino, a 200-room hotel, five restaurants and five bars, a 30,000-square-foot entertainment venue, and a 14-screen movie theater. The company expects the acquisition to be cash flow positive and accretive to earnings per share in its first full year of ownership. With expected synergies and operating refinements, Boyd Gaming projects that the Cannery assets will generate a combined $32 million in EBITDA during the company's first full year of ownership, giving the transaction an implied multiple of 7.2 times EBITDA. We look forward to welcoming Cannery's team members and customers to the Boyd Gaming family.' Our southern Nevada assets have delivered the strongest revenue growth in our Company over the last two years, and this acquisition will broaden our portfolio in this promising market. And we will have unique synergy opportunities at Eastside Cannery, given its close proximity to Sam's Town. 'Together, Aliante and Cannery Casino will give us a strong foothold in North Las Vegas, one of the fastest-growing areas in the Las Vegas Valley. 'This transaction is a great tuck-in acquisition that further expands our presence in the Las Vegas Locals market at an attractive price,' said Keith Smith, President and Chief Executive Officer of Boyd Gaming.

Boyd gaming cannery casino