Why Acquiring theScore Could Be Good News for Penn National Gaming

When Penn National Gaming (NASDAQ: PENN) announced the acquisition of theScore on Aug. 5, it was pretty clear what that company was hoping to accomplish with the $23 billion purchase. The acquisition, paid for with an even split of split cash and stock, will boost Penn's efforts in the mobile sportsbook and iGaming market.

But buying theScore will also bring some unique offerings to Penn National Gaming that it had been missing. Here's why this acquisition could be good news for Penn National Gaming and for its shareholders. 

Penn National Gaming will pay $2 billion in cash and stock to acquire theScore. Image source: Getty Images.

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Source Fool.com