Fanduel Owner Flutter Weighs Up Acquisition Of Penn Entertainment

Graeme Hanna, ReadWriteWeb
Fri, 07/26/2024 - 6:53am

FanDuel parent company Flutter Entertainment is considering a buyout of PENN Entertainment. The potential deal would reverberate around the online casino landscape in Michigan, giving Flutter a powerful presence in the Wolverine State. Speculation is building that a potential buyout is in the offing, but there has been no concrete news or official confirmation from Flutter that a move is underway. Previously, Boyd Gaming was said to be considering the same takeover and there were even reports of a joint bid by Flutter and Boyd, supported by the 5% holding of the latter in the former, to acquire PENN and its holdings. Crucially, owning PENN would mean having control of Hollywood Online Casino in Michigan and its destiny.

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Fanduel Owner Flutter Weighs Up Acquisition Of Penn Entertainment

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