Is BYD leading the charge in fleet electrification with strategic partnerships in the UAE and Southeast Asia?

**Boyd Gaming's Strategic Partnerships Position It as a Key Player in Fleet Electrification**:

1. **Strategic Partnerships in the UAE and Southeast Asia**: Boyd Gaming has been actively pursuing strategic partnerships to advance its position in fleet electrification. The company's agreement with Flutter Entertainment to secure 100% ownership of FanDuel Group for $1.755 billion is a significant step in this direction.
2. **Market Access Savings and Operational Efficiency**: The transaction with Flutter Entertainment extends their strategic partnership to 2038, providing Flutter with significantly reduced market access costs in states where Boyd facilitates market access for FanDuel. This reduced fee structure is expected to contribute to annual savings of approximately $65 million beginning July 1, 2025.
3. **Strengthened Financial Position for Future Investments**: The sale of Boyd's 5% equity stake in FanDuel for $1.755 billion enhances Boyd's financial flexibility and strengthens its balance sheet. This increased liquidity allows Boyd to allocate resources to its core land-based operations and online business, as well as consider future investments in the digital space.
4. **Focus on Core Competencies**: By divesting its stake in FanDuel and securing a strategic partnership with Flutter, Boyd Gaming can focus on its primary businesses of casino and entertainment operations in the United States. This shift in strategy aligns with Boyd's plans to concentrate on its core competencies and pursue long-term growth through strategic investments.

In conclusion, Boyd Gaming's strategic partnerships and divestiture of its FanDuel stake position it as a key player in fleet electrification, particularly in the UAE and Southeast Asia, through its partnership with Flutter Entertainment. The company's strengthened financial position and focus on core competencies enable it to lead the charge in this space.