Boyd Gaming to acquire Valley Forge Casino Resort for $280m

Boyd Gaming Corp. has entered into a definitive agreement with Valley Forge Convention Center Partners to acquire Valley Forge Casino Resort in King of Prussia, Pa., for $280 million.

Valley Forge features a 40,000-square-foot casino with 600 slot machines, 50 table games and nearly 500 hotel rooms. The property also has eight restaurants and bars, and more than 100,000 square feet of meeting, convention and exhibit space. The property is located just two miles north of King of Prussia Mall, the largest mall in the United States.

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.

“With this acquisition, we will expand into the second-largest gaming state in the country, establishing a presence in a densely populated, high-traffic area just west of Philadelphia,” said Keith Smith, president and CEO of Boyd Gaming.

The Valley Forge transaction is expected to close in the third quarter of 2018.