Boyd Gaming was reportedly interested in acquiring Penn Entertainment, but no agreement or offer was confirmed in the source. Analysts and a gaming consultant questioned whether a full-company deal would be feasible, citing financing and regulatory approvals as challenges.
Investors should distinguish reported interest from a confirmed offer, given potential financing and regulatory approval challenges.
Quarter ended 30 September 2026
Quarter ended 30 September 2026
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Deutsche Bank analyst Steven Pizzella upgraded Boyd Gaming and Penn Entertainment to buy from hold, according to a client report. He raised Boyd’s price target to $99 from $98 and Penn’s to $25 from $23, citing operational momentum and company-specific growth factors.
Fertitta Entertainment has agreed to acquire Caesars Entertainment in an all-cash deal valued at $17.6bn, including assumed debt, according to the report. The transaction is expected to take about 12 months to close and requires review by Nevada gaming authorities; the report says the FTC could require property divestments. An analyst cited in the report said MGM, Boyd Gaming and other operators could benefit from disruption or asset sales.
ESPN and DraftKings began a multi-year partnership making DraftKings the network’s official sportsbook and odds provider. ESPN executive Mike Morrison said the companies would integrate DraftKings’ sportsbook, daily fantasy and Pick6 offerings into ESPN’s services, with a full rollout planned by 2026.
DraftKings is reportedly considering an acquisition of Railbird, a prediction-market platform, but has not confirmed a deal. Railbird received Commodity Futures Trading Commission approval in June, the report said.
Bet365 is reportedly interested in taking over the New York mobile sports betting licence that Resorts World Bet plans to vacate on 30 June. No bids have been announced, and Bet365 has not confirmed its intentions; the report also names Hard Rock Bet and Underdog Fantasy as possible contenders.