Report: Boyd Gaming close to acquiring Vegas rival Cannery Casino Resorts

Casino operator Boyd Gaming is reportedly close to a deal to acquire Las Vegas rival Cannery Casino Resorts.

On Wednesday, Reuters reported that Boyd Gaming was negotiating a deal with Cannery’s owners, which include Millennium Gaming Inc, hedge fund Oaktree Capital Management and Australian casino operator Crown Resorts.

Boyd operates 22 gaming venues across the US, including six casinos in the greater Las Vegas area. Cannery operates two Vegas venues: the Cannery Casino and Hotel in North Las Vegas and the Eastside Cannery Casino and Hotel.

Cannery used to own the Meadows Racetrack and Casino in Pennsylvania, although in December it agreed to sell that property to Gaming Leisure Properties Inc for $440m.