# EDGAR Filing Document

**Accession Number:** 0000906553
**File Stem:** 0001437749-25-024042
**Filing Date:** 2025-7
**Character Count:** 10296
**Document Hash:** 0918def8a85dfee52420a544e29262a4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-25-024042.hdr.sgml**: 20250731

**ACCESSION NUMBER**: 0001437749-25-024042

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20250731

**ITEM INFORMATION**: Completion of Acquisition or Disposition of Assets

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250731

**DATE AS OF CHANGE**: 20250731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BOYD GAMING CORP
- **CENTRAL INDEX KEY:** 0000906553
- **STANDARD INDUSTRIAL CLASSIFICATION:** HOTELS & MOTELS [7011]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 880242733
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-12882
- **FILM NUMBER:** 251169695

**BUSINESS ADDRESS:**
- **STREET 1:** 6465 SOUTH RAINBOW BOULEVARD
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89118
- **BUSINESS PHONE:** 7027927200

**MAIL ADDRESS:**
- **STREET 1:** 6465 SOUTH RAINBOW BOULEVARD
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89118

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BOYD GROUP
- **DATE OF NAME CHANGE:** 19941130

?xml version='1.0' encoding='ASCII'? bgc20250730_8k.htm

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**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

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**FORM 8-K**

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**CURRENT REPORT**

**Pursuant to Section 13 or 15(d)**

**of the Securities Exchange Act of 1934**

**Date of Report (date of earliest event reported): July 31, 2025**

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![logobw.jpg](logobw.jpg)

## Boyd Gaming Corporation
**(Exact Name of Registrant as Specified in its Charter)**

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| | | |
|:---|:---|:---|
| **Nevada** | **001-12882** | **88-0242733** |
| **(State or Other Jurisdiction**<br> **of Incorporation)** | **(Commission**<br> **File Number)** | **(I.R.S. Employer**<br> **Identification Number)** |

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**6465 South Rainbow Boulevard**

**Las Vegas, Nevada 89118**

**(Address of Principal Executive Offices, Including Zip Code)**

**(702) 792-7200**

**(Registrant**'**s Telephone Number, Including Area Code)**

**(Former Name or Former Address, if Changed Since Last Report)**

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Exchange Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading**<br> **Symbol(s)** | **Name of each exchange**<br> **on which registered** |
| Common stock, $0.01 par value | BYD | New York Stock Exchange |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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| | |
|:---|:---|
| **Item 2.01.** | **Completion of Acquisition or Disposition of Assets.**  |

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On July 31, 2025, Boyd Interactive Gaming Holdings, L.L.C. ("Boyd Interactive"), a wholly-owned subsidiary of Boyd Gaming Corporation ("Boyd Gaming"), completed the previously announced sale of its 5% equity interest (the "Equity Interest") in FanDuel Group Parent, LLC ("FanDuel") to TSE Holdings Ltd. ("Parent"), pursuant to that certain Equity Purchase Agreement (the "Purchase Agreement"), dated as of July 10, 2025, by and among Boyd Interactive, Parent and FanDuel. In connection with the transactions contemplated by the Purchase Agreement, Boyd Gaming and FanDuel or their respective affiliated entities terminated certain of their existing agreements related to their strategic partnership and entered into certain new agreements, pursuant to which Boyd Gaming or its subsidiaries ("Boyd Entities") will, among other things, (i) provide FanDuel or its subsidiary with certain market access rights to operate online sports wagering or other online gaming services similar to the existing arrangements with Boyd Entities, but for a longer term and with fixed fee arrangements, and (ii) transition any branding and operational support provided by FanDuel at the existing FanDuel branded sportsbooks at Boyd Gaming properties to be branded and operated entirely by Boyd Entities, but utilizing certain sports betting data feeds provided by FanDuel or its affiliate. Boyd Interactive was paid aggregate cash consideration of $1.758 billion in connection with the transactions contemplated by the Purchase Agreement.

For additional information regarding the Purchase Agreement, see the Current Report on Form 8-K previously filed by the Company on July 15, 2025.

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| | |
|:---|:---|
| **Item 7.01.** | **Regulation FD Disclosure.**  |

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On July 31, 2025, Boyd Gaming issued a press release announcing the closing of the transaction. The press release is attached hereto as Exhibit 99.1 and is incorporated herein in its entirety by reference.

The information included in Item 7.01 of this Current Report on Form 8-K and Exhibit 99.1 attached hereto are being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in any such filing.

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| | |
|:---|:---|
| **Item 9.01.** | **Financial Statements and Exhibits.**  |

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(d) Exhibits

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| | |
|:---|:---|
| **Exhibit**<br> **Number** | **Description** |
| 99.1 | [Press Release.](ex_846026.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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\*<br>

# # # #

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**SIGNATURE** 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
| Date: July 31, 2025 | **BOYD GAMING CORPORATION** | **BOYD GAMING CORPORATION** |
|  | By: | /s/ Josh Hirsberg |
|  |  | Josh Hirsberg |
|  |  | *Executive Vice President, Chief Financial Officer and Treasurer* |

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## Exhibit 99.1

**Exhibit 99.1**

![logo.jpg](logo.jpg)

**BOYD GAMING COMPLETES SALE OF FANDUEL INTEREST**

**LAS VEGAS** – **JULY 31, 2025** – Boyd Gaming Corporation **(NYSE: BYD)** ("the Company") today announced that it has completed the previously announced sale of the Company's 5% equity interest in FanDuel Group to Flutter Entertainment plc **(NYSE: FLUT)**.

Boyd Gaming received cash proceeds of $1.758 billion from the transaction and intends to use proceeds to repay existing debt. The Company intends to continue executing its strategy of investing in its properties, pursuing growth opportunities and returning capital to shareholders while maintaining a strong balance sheet.

**<u>Forward-looking Statements and Company Information</u>**

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements contain words such as "may," "will," "might," "expect," "believe," "anticipate," "could," "would," "estimate," "continue," "pursue," or the negative thereof or comparable terminology, and may include (without limitation) information regarding the Company's expectations, goals or intentions regarding future performance. These forward-looking statements are based on the current beliefs and expectations of management and involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Boyd Gaming's ability to control or estimate precisely. Additional factors that could cause actual results to differ are discussed under the heading "Risk Factors" and in other sections of the Company's Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, and in the Company's other current and periodic reports filed from time to time with the SEC. The reader is cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. All forward-looking statements in this press release are made as of the date hereof, based on information available to the Company as of the date hereof, and the Company assumes no obligation to update any forward-looking statement.

**<u>About Boyd Gaming</u>**

Celebrating its 50<sup>th</sup> anniversary in 2025, Boyd Gaming Corporation **(NYSE: BYD)** is a leading geographically diversified operator of 28 gaming entertainment properties in 10 states, manager of a tribal casino in northern California, and owner and operator of Boyd Interactive, a B2B and B2C online casino gaming business. With one of the most experienced leadership teams in the casino industry, Boyd Gaming prides itself on offering guests an outstanding entertainment experience and memorable customer service. For additional Company information and press releases, visit <u>https://investors.boydgaming.com</u>.

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| | |
|:---|:---|
| Financial Contact: | Media Contact: |
| Josh Hirsberg | David Strow |
| (702) 792-7234 | (702) 792-7386 |
| <u>joshhirsberg@boydgaming.com</u> | <u>davidstrow@boydgaming.com</u> |

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