Penn casino gaming investment thesis

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Sports Betting Companies – companies engaged, directly or indirectly, in analyzing sports events and wagering on the outcome, such as online bookmaking. The Index Provider defines sports betting and iGaming companies as follows (although the definitions may changeover time): In order to achieve such exposure, the Index is comprised of common stock (or corresponding American Depositary Receipts (“ADRs”) or Global Depositary Receipts (“GDRs”)) of domestic and foreign sports and online betting (a/k/a iGaming) companies. (the “Index Provider”) and is designed to provide pure exposure to sports and online betting themes. The Index was developed by Morningstar, Inc.

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