Industry observers generally praised the deal Thursday.ĭeutsche Bank analyst Carlo Santarelli said in a note to investors that the purchase “fills a geographic hole” in Boyd’s locals portfolio, which has no properties in North Las Vegas’ $270 million gaming market.
“Aliante is an asset without rival in the North Las Vegas market, strategically positioned to benefit from substantial future growth across the northern part of the Las Vegas Valley,” said Boyd President and CEO Keith Smith in a statement. The hotel had been rumored to be on the market for several weeks. The acquisition of the holding company, ALST Casino Holdco LLC, is for $380 million cash, according to a statement.
on Thursday announced it has a deal to acquire the holding company for Aliante Hotel in North Las Vegas. Daniel Clark/Las Vegas Review-Journal file photo Follow Vegas-based Boyd Gaming Corp.
in North Las Vegas on Thursday, March 10, 2016. The Aliante Hotel awaits visitors at 7300 N.
