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Casino sector perky after Caesars M&A report

  • Select casino stocks are higher after Caesars Entertainment (CZR +14.3%) catches the interest of Tilman Fertitta.
  • Consolidation of casino operators has already been a topic in recent notes from analysts covering the sector.
  • Penn National Gaming (PENN +1.8%), Golden Entertainment (GDEN +3%), MGM Resorts (MGM +1.7%), Red Rock Resorts (RRR +3.5%), Boyd Resorts (BYD +1.7%) and Wynn Resorts (WYNN +1.9%) have all tracked higher off the Caesars development.
  • Previously: Caesars pops after Golden Nugget merger report (Oct. 17)
  • Previously: Caesars offer said to be at $13 (Oct. 17)

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Caesars Entertainment, Inc.