Analyst: Raised bid for Pinnacle assets means pressure for Boyd Gaming

• A raised bid for the real estate assets of Pinnacle Entertainment (PNK +5.6%) by Gaming and Leisure Properties (GLPI -2.9%) is putting pressure on Boyd Gaming (BYD +2.9%) to think about its possibilities, says Union Gaming analyst Christopher Jones.
• In addition, it could mean "considerable" value adjustment for MGM's regional assets, he notes.
• MGM is now up 4.3% this afternoon. Jones rates Boyd Gaming and MGM as Buys, along with GLPI.
• Previously: MGM, LVS, Wynn up sharply as Credit Suisse says "worst is over" for Macau (Jul. 07 2015)