NYSE:BYDHospitality
Boyd Gaming (BYD): Assessing Valuation After $1.76B FanDuel Stake Sale and Shareholder Reward Moves
If you’ve been eyeing Boyd Gaming (BYD) lately, the company’s latest move is worth a closer look. Boyd finalized the sale of its 5% equity stake in FanDuel to Flutter Entertainment for $1.76 billion, which is no small transaction. This major step not only unlocks significant capital but also positions Boyd to trim debt and pursue new strategic growth plans. In addition, management increased share repurchases and reaffirmed the dividend. This signals an ongoing commitment to shareholder...