U.S. casino operator Boyd Gaming has approached Penn Entertainment to express interest in acquiring its peer that has a market value of more than $9 billion, including debt, according to people familiar with the matter. Penn's shares jumped 8% on Thursday afternoon in New York to $19.89 after Reuters reported Boyd's approach. Boyd's stock fell 3% to $51.90.
Investing.com - Boyd Gaming (NYSE:BYD), a renowned casino operator in the US, has expressed interest in acquiring its counterpart, Penn Entertainment.
LAS VEGAS, June 10, 2024--Boyd Gaming Corporation (NYSE: BYD) today announced the appointment of Michael A. Hartmeier to its Board of Directors.