"Penn National Gaming Stock Plummets: What Caused the 20% Drop?"
The parent company of Hollywood Gaming saw its stocks plummet by 18 percent overnight, prompting concerns and speculation about the reasons behind the significant drop.
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Endeavor's Acquisition of WWE and UFC Merger: Implications for Layoffs and Talent Crossover
Endeavor's President and COO, Mark Shapiro, hinted that layoffs could be on the way for WWE staff following the company's sale to Endeavor and merger with UFC under a new parent company. While it is unclear if WWE talent will be affected, office staff at the company's headquarters in Stamford, Connecticut are likely to be impacted. Endeavor will hold a 51% controlling interest in the new parent company, with WWE shareholders holding the other 49%.