Analysts assess Penn projects, World Cup betting and Caesars proposal
Analysts from Jefferies, Truist Securities, Macquarie and Texas Capital Securities published views on Penn Entertainment, World Cup wagering and Caesars’ proposed deal with Fertitta Entertainment. Truist said it expects Penn’s Aurora project to add $54 million in EBITDA once ramped and forecast a 15% return on investment across the projects. The Caesars proposal was $31 per share in cash, with a go-shop period running until 11 July 2026, according to the cited analysis.
The analyst views set out expected returns for Penn’s projects and terms affecting the proposed Caesars transaction.