Boyd Gaming Reiterates Pragmatic Approach to M&A, Q3 Results Hindered by Las Vegas
Photo: Casino.org
Shares of Boyd Gaming retreated Friday after the regional casino operator delivered tepid third-quarter results that were pinched by Las Vegas lethargy, but the company reiterated its interest in deal-making. One of the names most frequently attached to casino industry consolidation speculation , Boyd executives expressed interest in possibly buying what CEO Keith Smith described as a “high-quality asset,” but they’re not going to rush to make a deal. At a time when investors are expressing preference for lower leverage casino stocks , Boyd may be rewarded for slow-playing mergers and acquisitions activity.
Source: Casino.org
