New Trade for September 28th, 2020

Futures rallied this morning with tech stocks taking the lead –  Nasdaq futures jumped 1.7%.  The markets may recover some ground after four straight weeks of losses, we will see. 

Global interest in the burgeoning U.S. sports-gamling market is growing, along with rising popularity of sports-gambling worldwide .  One U.S. company just made a big announcement about plans to expand into the U.K. market. 

Caesars Entertainment, Inc. (CZR) is the largest casino-entertainment company in the U.S. and one of the world’s most diversified casino-entertainment providers.

The company announced this morning that it is in advanced talks over the possible takeover of U.K. betting company William Hill PLC. The company said that it had made a cash offer of 2.9 billion pounds, equivalent to $3.7 billion, for the company. Shares are up 3% in pre-market trading.