Morrison & Foerster LLP is representing serial acquiror, Boyd Gaming Corporation, in its purchase of Valley Forge Convention Center Partners, L.P., the owner and operator of the Valley Forge Casino Resort in King of Prussia, Pennsylvania, for total cash consideration of approximately $300 million.
Located 20 miles west of downtown Philadelphia, Valley Forge will be Boyd Gaming’s first asset in Pennsylvania, the second-largest commercial gaming state in the nation.
The transaction was signed on December 20, 2017 and is expected to close during the third quarter of 2018, subject to the satisfaction of customary closing conditions and the receipt of all required regulatory approvals.
San Francisco corporate partner Brandon C. Parris led the deal team that includes corporate of counsel Jeff Washenko, and associates Ali Assareh, Jim Ryan, Sonia Aggarwal and Emily Guttenberg. Los Angeles partner Tom Fileti and associate Adam Hopkins provided real estate counsel; San Francisco of counsel Amanda Hines Gold and associate Tobyn Aaron advised on compensation and benefits matters; San Francisco of counsel Chip Aubrey and Palo Alto associate Nicole Elemen provided employment advice; San Francisco partner Aaron Rubin and associates Susanne Petersen, Kyun Saiidnia and Keval Patel advised on TTG matters; New York partner Geoff Peck and associate Steven Bleiberg provided finance advice; Palo Alto partner Chris Lyon and associate Jay Donde provided privacy counsel; San Francisco of counsel Joy MacIntyre and associate Joe Tucci provided tax advice; Washington D.C. partner Jeff Jaeckel and associate Kerry Jones provided antitrust advice; and San Francisco partner William Tarantino and associate Tim Kline advising on environmental matters.
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