Penn National turns green as William Hill takeover offers boost gambling stocks

GAN

25/09/2020 16:20

** Penn National Gaming  PENN.O  erases premarket losses and
shares recently up 6.3% at $68.02, as dealmaking boosts sports
betting space
    ** Shares of William Hill  WMH.L  jumped Fri after British
betting shop says received rival takeover proposals from PE firm
Apollo  APO.N  and U.S. casino operator Caesars Entertainment
 CZR.O   urn:newsml:reuters.com:*:nL3N2GM2P8
    ** CZR shares rise ~6%
    ** Other gambling stocks also rise: Churchill Downs  CHDN.O 
9%, DraftKings  DKNG.O  5%, Boyd Gaming  BYD.N  4% and Gan Ltd
 GAN.O  5%
    ** PENN's shares were down early Fri after online sports
betting co priced $854 mln equity offering  urn:newsml:reuters.com:*:nL2N2GM09K

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com))