{"id":125594,"date":"2020-01-29T10:45:49","date_gmt":"2020-01-29T18:45:49","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=125594"},"modified":"2020-01-29T11:59:16","modified_gmt":"2020-01-29T19:59:16","slug":"penn-national-barstool-buy-not-all-its-cracked-up-to-be-says-analyst","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/penn-national-barstool-buy-not-all-its-cracked-up-to-be-says-analyst\/","title":{"rendered":"Penn Barstool Deal Draws ‘Cautious Optimism’ From Analyst, Sees Deal Running Counter to Deleveraging Efforts"},"content":{"rendered":"
Shares of Penn National Gaming (NASDAQ:PENN) rallied to a 52-week high Wednesday. The surge of more than 12 percent came after the regional gaming company confirmed that it’s paying $163 million in cash and stock to purchase a 36 percent chunk of Barstool Sports<\/i>.<\/p>\n