Penn Entertainment Buyout Rumors Sizzle, Send Sports Betting Stock Up 13% In A Month

Loading... After previously launching its sportsbook with Barstool Sports as Barstool Sportsbook, Penn sold the brand back to founder Dave Portnoy. It also announced a 10-year licensing agreement with The Walt Disney Company DIS for the ESPN brand to be used for a sportsbook. The reported buyout interest from Flutter and Boyd has led to Penn shares trading higher over the last month. The chart from Benzinga Pro below shows Penn shares up 13.5% over the last month. Penn Entertainment is larger than Boyd when ...