MoFo News Item

MoFo Advises Boyd Gaming in Acquisition of Four Pinnacle Entertainment Properties

15 Oct 2018

Morrison & Foerster LLP advised Boyd Gaming Corporation in its acquisition of four Pinnacle Entertainment, Inc. properties – Ameristar St. Charles, Ameristar Kansas City, Belterra Casino Resort and Belterra Park for cash consideration of approximately $575 million. Boyd Gaming’s acquisition of the four Pinnacle properties is in connection with Penn National Gaming, Inc.’s $2.8 billion acquisition of Pinnacle.

Boyd Gaming entered into a master lease agreement with Gaming and Leisure Properties, Inc. (GLPI), which owns the real estate of Ameristar St. Charles, Ameristar Kansas City and Belterra Casino Resort. Separately, GLPI has entered into an agreement to purchase the real estate of Belterra Park from Penn National, and Belterra Park's real estate will be leased to Boyd Gaming as part of its master lease agreement with GLPI. 

The MoFo team that advised Boyd Gaming was led by San Francisco Corporate Partner Brandon C. Parris.

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