With legalized sports gambling in the U.S. about to become a reality in many states, regional casino operator Boyd Gaming (NYSE:BYD) is gearing up to go on a spending spree. It just increased a debt offering from $500 million to $700 million and says a portion of the proceeds will be used for acquisitions.
Boyd hasn’t exactly been reticent when it comes to making acquisitions, and today owns or operates 24 gaming properties in seven states. Last December, it entered into an agreement with Penn National Gaming (NASDAQ:PENN) to buy four properties after Penn closes on its acquisition....More>>>