Penn Entertainment Buyout Rumors Sizzle, Send Sports Betting Stock Up 13% In A Month
PENN(PENN) Benzinga·2024-07-10 23:30
Loading...Loading...Less than a month after a report that Boyd Gaming BYD was considering a buyout of casino and sports betting operator Penn Entertainment PENN, a new bidder has emerged.What Happened: FanDuel’s parent company, Flutter Entertainment FLUT, is considering teaming up with Boyd on a bid for Penn, according to TheDeal.com, citing unnamed sources.Boyd would reportedly acquire the brick-and-mortar casino business from Penn; Flutter would get the digital arm that currently includes the ESPN Bet spo ...