Following reports of the approach, Boyd stock fell 3% to $51.90 while Penn’s shares jumped 8% to $19.89.
Boyd Gaming Makes Penn Entertainment Takeover Approach hovers around the $2.7 billion mark while estimates suggest that the company has an actual market value of around $9 billion once debt is included.Boyd Gaming’s market cap sits at $5.09 billion while the company has a market value of around $7.8 billion including debt.
Boyd Gaming Makes Penn Entertainment Takeover Approach Boyd Gaming Makes Penn Entertainment Takeover Approach Boyd Gaming Makes Penn Entertainment Takeover Approach Boyd Gaming Makes Penn Entertainment Takeover Approach that sees it operate the ESPN Bet brand.Since Boyd’s casino operations will overlap with Penn’s in some states, there may be a need to divest some properties and operations to allow the deal to go ahead.
Neither Penn nor Boyd have commented on the reports as of yet.
Jenny Tang
An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.