Penn Entertainment Shares Soar On Buyout Report: What Investors Should Know

What Happened: Penn Entertainment has been approached by Boyd Gaming BYD according to a new report from Reuters. The report comes as Penn shares are down 23% year-to-date in 2024 and the company has struggled to grow with its new ESPN Bet online sports betting platform. The latest news indicates the early stages of a potential deal, but there is no certainty that Penn will enter talks or is considering selling its business. Loading... Shares of PENN Entertainment PENN traded higher on Thursday with a report ...