The Pennsylvania Gaming Control Board approved the change of control of the casino license for Valley Forge Casino Resort outside of Philadelphia from Valley Forge Convention Center Partners, L.P. to Boyd Gaming Corporation.
The approval authorizes Boyd Gaming’s first Pennsylvania casino license. Valley Forge is a Category 3 casino, which under the latest addition to the state’s gaming law is limited to 750 slot machines attached to a hotel.
Under the agreement approved by the board, the license held since March 2011 by Valley Forge Convention Center Partners, L.P. will be transferred to Las Vegas-based Boyd, which operates more than 20 casinos across the U.S.
The Board also included in its approval the requirement that Boyd Gaming must pay to the commonwealth a change-of-control fee of $1.35 million.
A PowerPoint presentation provided by representatives of Boyd Gaming is available as part of the April 4, 2018 information under the Meetings tab on the PGCB’s web site, gamingcontrolboard.pa.gov.
Commenting at the board’s hearing last week, Boyd Gaming CEO Keith Smith said Pennsylvania’s recent approval of online gaming was a key reason the operator is entering the state.
