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Penn Entertainment Inc (NASDAQ: PENN) is up nearly 10% on Thursday following a report that Boyd Gaming Corporation (NYSE: BYD) is interested in buying the sports content and gambling company. Penn stock is still down some 20% versus the start of 2024. Boyd has approached Penn EntertainmentAnonymous sources told Reuters this morning that Boyd has already approached Penn Entertainment over a possible takeover. It is, however, uncertain whether the entertainment firm will initiate formal discussions with Boyd Gaming. Note that Penn will need approval from Disney as well to move forward with such …

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